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Curve - No. Not sure about warrants but all shares currently held would be reinstated as a part of any delayed RTO beyond the deadline.
Curve, I e mailed Greg Collier on the day of the last RNS asking the same question. He kindly replied the same day and the following is part of his response to me which I think answers your question:
Thank you for your email.
If the transaction drags on beyond October and the delisting date, it will not affect your shareholding as the transaction constitutes a reapplication to AIM (by virtue of the RTO).
The urgency for us is to restore trading as soon as possible to give shareholders (like yourselves) the opportunity to buy/sell shares in the market and have a live share price.
Hope this helps
Could anyone clarify, if the RTO isn’t completed within the 6 months and the board decide to apply to relist on the AIM and then pursue the takeover of Smarttech due to time constraints, will any shares or warrants held here be lost?
Its going to be interesting how they raise the finance......will s/holders get a chance to take part....if it goes ahead i think it will be a great investment story
I’m hoping ccap wouldn’t have entered an agreement without proof they could raise the funds… I know it’s not binding but you’d think there’s be some kind of assurances. Fingers crossed we hear more positive news soon
Looking promising here...just wonder how they will raise the fund...
Do we think anything will be revealed during the AGM on Wednesday? This is my first involvement with an RTO so I’m not too sure what the normal time frame is
Thanks Dibs and Jmole , that does sound positive. I did see it as very much a gamble when suspension loomed and had mentally prepared myself for the worst. Fingers crossed it all drops into place. Would be nice for me to believe I made the right decision for once lol !!
Yes Hairykebab, Jmole is correct. Even if shares are cancelled our holdings would still be valid on readmission.
I’m a lot happier tonight than I was last night about this.
Greg answered this question today in an email, even if they don’t complete in the timeframe it will be a quick delist and relist and holdings would not be affected.
Appears really promising but what happens if it isn’t tied up within the existing timeframe and shares are cancelled ? Do we lose out or would we still be holders if/when they are readmitted? Could an extension be requested if binding terms are agreed ? Might find this out in future RNS so maybe jumping the gun a bit here.
Rgo has a significant investment in smarttech. Nick lee is a director at rgo too
Akers has a big chunk of rgo from the recent placing
I should imagine that makes this rto quite likely to happen imho
Undeniably this is a positive development. They are adding the caveat that the transactions success is not guaranteed- it’s non-binding as it stands. But the target company looks highly credible and, unlike one it two AIM cyber security plays I could mention, they are actually making money! And landing decent contracts.
Let’s hope this works out.
All about the capital raise......who is providing funding and price
I'm on a free ride here but equally more dilution = less potential upside.
I'd like to see 15p here one day soon
Worth waiting for, let's see how it work out the reverse takeover
Wow! They’ve entered a market worth £128 BILLION. They’ve also secured a company that’s making big waves with a £6 million contract and another deal with a firm that employs 100,000 people. Looks a smashing deal.
A tick in the box!!!
More shares to be issued but let’s hope the market views this favourably for us existing holders.
Fingers crossed all.
:-)
I thought we were dead & buried. This must be good news, mustn't it?
Interesting.....
Now i wonder why that was filed now, good news coming soon i reckon
Hi Folks,
I noticed at companies house there is some pending activity, something has stirred up a bit of a nest which I hope is someone conducting due dili.
These relate to the AGM back in October 2020, however it does beg the question why they are now being filed... at least something is happening behind the scenes.
Three new articles have been posted:
Resolution of allotment of securities
Resolution of removal of pre-emption rights
Resolution of adoption of Articles of Association
I have faith that our bod can make an RTO work with any company
You never know.....
Maybe that’s why it’s taking longer to sort out because they want to relist on main market - that’s a condition of the deal - rather than AIM? He said hopefully...
It would be good, but says the main market in the press release