Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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RNS around 12 do we reckon, will they suspended then until tomorrow?
Now listed as s4 capital on companies House
What happens if this rev take over goes through, does our shares remain derr shares?
:))
Is just a formality deal is done...exciting times ahead
Yes gige !
Subject to the deal being approved tomorrow!
Friday is the day of new shares will be issued ???
I think it is pretty much a done deal...HL have already
told me my shares will be consolidated on Friday !!!
The result of the meeting should be in a RNS tomorrow mid morning !
GLA
So today this should have a big run, as the meeting is tomorrow ….
Today coming up...can we get past 20p today
Well I got an email back from my broker confirming I have registered my vote for the resolution this Thursday. Looking forward to owning shares in the real company soon and seeing how they are received by the wider market.
Hi Cam
Yes.....the float is so small here, there were very few sells today as
most expect Friday will show a very good return ...I expect this
will be in demand over the next 2 days.....a fantastic investment
opportunity here IMHO!! Good Luck!
VGLA!
Yes indeed Manifesto I just noticed that too, promising for tomorrow being the penultimate day and all off that.....
gige.......what you need to recognise here is that this share will become
part of S4 on Friday, which has bought Media Monks, and is headed by
a maverick of the advertising world, who has been backed by some
of the most well respected financiers in the business world, plus a guarantee
of further funding and £50 Million fom HSBC if needed, this will be one
major world wide companies, and so you have to look at derr now as part
of what it is about to be a part of, and not the minnow it was.....it is just
as good an investment opportunity as farn, and you only have 2 days
left to be a part of it..what just happened as the market closed today...
we went blue....GLA!
Ok I admit 400 million was wrong in ..240 million ?? plus the rest ….
Shareholders and investors should be aware that Derriston remains a cash shell and that the acquisition of S4 Limited is conditional on the passing of the Whitewash Resolution at the General Meeting to be held at 11.00 a.m. on 27 September 2018 and the admission of the consideration shares to be issued by Derriston on 28 September 2018. Full details are contained in the circular dated 11 September 2018, available to view on the website of the Company, www.derristoncapital.co.uk. Capitalised terms used but not defined in this announcement are defined in the circular.Â
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There can be no guarantee that the outstanding conditions to which the Acquisition remains subject will be satisfied. If the Whitewash Resolution does not pass or any other condition is not satisfied, Admission will not occur, the Acquisition will not complete and the Company will remain a cash shell.Â
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Shareholders should be aware that, as at the date of this announcement, the share capital of the Company has not been enlarged by the issue of shares expected in connection with the Acquisition. The Company's share capital continues to be comprised of 25,000,000 ordinary shares of 2.5 pence each.
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As at 30 June 2018, the Net Asset Value of each Derriston share was 8.08p.
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If the Acquisition completes, shareholders of S4 Limited will receive 241,285,077 new ordinary shares in Derriston (the equivalent of 2,412,850,770 existing ordinary shares). The number of consideration shares was calculated from a see-through Derriston placing price of 10p per existing ordinary Derriston share.
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In addition, on Admission 11,709,601 new ordinary shares in Derriston (the equivalent of 117,096,010 existing ordinary shares) will be issued to the S4Capital Employee Benefit Trust at par (25p, or the equivalent of 2.5p per existing ordinary share).Â
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This announcement contains inside information.
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Enquiries:
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Derriston Capital plc
Harry Hyman (Non-executive chairman)
Via Walbrook
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Dowgate Capital Stockbrokers Limited
(corporate broker to Derriston and to S4 Capital)
James Serjeant / David Poutney
Tel: 020 3903 7715
Â
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Walbrook PR Limited
Paul McManus
Tel: 020 7933 8780 or derriston@walbrookpr.com
Mob: 07980 541 893
Â
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Harry Hyman, Non-Executive Chairman
Derriston Capital plc, 201 Bishopsgate, London EC2M 3AB
LEI 21380068SP9V65KPQN68
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IMPORTANT INFORMATION
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Dowgate Capital Stockbrokers Limited which is authorised and regulated in the United Kingdom by the Financial
But I agree with you on FARN ,wish I had enough to buy there...
gige...why don't you explain...as you have it in your papers....
Where do you get a total of 400 million shares from?
How much did investors of S4 Capital pay per share?
Looking forward to your reply!
Manifesto .Maybe not ..I have this in my papers .Feel free to explain it better ...
gige......you clearly know nothing here....absolute nonsense!
Bidnolid .Some peoples will stop at nothing, in order to make money in the back of some losing their shirts ..
Yes with total amount of shares in issue ,400 mil... and most issued at 10p
Having been a holder since last December I was very excited at the prospect of S4, but I think the 10 bagger crew have got to acknowledge that they've been badly wrong here. It has hardly troubled 20p let alone the lofty heights of £1.. clearly not the get rich quick share we hoped it would be.
Yes agree madness to sell now as next week we won’t be no longer a shell but a major player...which will make this a multi bagger very quickly
No sellers at this level, I expect they will have to change
the bid shortly, looks like holders are waiting for
S4 to launch.......madness to sell now IMHO!!
GLA!