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Very quiet here
I was under the understanding we where getting 4.50 for share?
The cash was in my broker's nominee account this morning.
It's definitely Fri 29th Sept for payment for our Egdon shares.
That might be the Friday after this one .
29th according to previous post.
Unable to sell past few weeks for the offer price .
Yesterday was last chance to deal , Funds next Friday , one week.
Halifax should receive 4.5p in cash for each of your shares on Friday 29th September, so you should get it soon after that, all being well. The timetable:
Scheme Record Time
6.00pm on 14 September 2023
Last day of dealings and transfers of Shares
14 September 2023
Effective Date of the Scheme
15 September 2023
Suspension of Dealings
7:30am on 15 September 2023
Last Date for Payment of Consideration to Scheme Shareholders
29 September 2023
What happen to share now, I hold with Halifax but never received anything.
Further to the announcement made by Egdon on 29 August 2023 in relation to the satisfaction of the NSTA Condition, Egdon is pleased to announce that at the Court Sanction Hearing held earlier today the High Court of Justice of England & Wales issued the Court Order sanctioning the Scheme.
Egdon hereby confirms that the Scheme Record Time for the Scheme will be 6.00 p.m. (London time) on 13 September 2023.
Subject to the Court Order being duly delivered to the Registrar of Companies, it is anticipated that the Scheme will become Effective on 14 September 2023. The last day of dealings in, and for the registration of transfers of, and disablement in CREST of, Egdon Shares, is expected to be tomorrow, 13 September 2023 and it is intended that dealings in Egdon Shares will be suspended with effect from 7.30 a.m. on 14 September 2023. It is intended that cancellation of the admission to trading of Egdon Shares on AIM will take effect from 7.00 a.m. on 15 September 2023.
If the Scheme becomes Effective on 14 September 2023, the last date for payment of the Consideration to Scheme Shareholders will be 28 September 2023.
9th September 2022 Egdon spiked to 9.2p.
BEP on D shows 5.47p.
Ironically short on funds around the time but did not sell .
Another danger with AIM shares a private bid at the lows.
This maybe the news that crashed the sentiment early November 2022.
Egdon Resources PLC - UK-based exploration and production company - Planning application for side-track application operations, associated testing and long term oil production at the Biscathorpe site has been refused by Lincolnshire County Council Planning Committee meeting.
"We will await the formal decision notice before taking advice and considering our options including an appeal," the company stated.
Union Jack Oil PLC on Monday also notes the application's refusal.
Current stock price: 1.90 pence
CA notice with last dealing date before delist sent today.
Share has been around the 4.4p since May.
Oh dear oh dear.
My rather oddly censored word was n*i* g* g*a*r*d*l*y !
if the petrichor deal completes in a few more weeks, can i assume that shareholders will definitely be receiving their *****rdly 4.5p per share before the end of september? thanks, gp
Just read todays rns, whoopy do!
The lack of trades following the RNS says it all! Loyal shareholders who have been with them for years stand to lose a lot of money. when they eventually pay 4.5p per share to take it private they will probably make a fortune for themselves.
Whose bothered. They’re taking this company private aren’t they?
Progress but does this biz have the working capital to deliver a gas field?
Can the plug be pulled by the buyer at his late stage
Change of govt. policy on oil and gas projects has it come too late for us? Fracking must be back on the agenda soon!
Morning GP, the consensus seems to be that the takeover price was on the low side if not cheap, perhaps that's because Heyco have no idea what's in the CPR other than the odd public hint dropped by Egdon. If we assume that that's true, it makes me wonder why UJO gave an irrevocable commitment to sell their EDR shares when the CPR could significantly increase the P1 & P2 potential of Wressle. Like you, I am a little concerned it's taking so long, let's hope it's worth the wait!
Hi itsawrap. It's only a blind guess, but I'm assuming that neither Egdon nor Heyco know what's in the CPR yet. if they did, I assume they might possibly have released it once they had shareholder approval for the takeover. I'm left wondering why it's taking so long to produce what should be a fairly straight forward report. All the best, GP
I would like to know if Heyco/PP, Egdon's largest shareholder, had sight of the CPR (draft or final) before making the bid or are they rolling the dice?
Having been invested in this company for sometime. I stuck with them as I had faith and a desire to develop the company. I am underwater now and feel let down and abandoned by them. I guess the lesson is never invest in an aim company.
I think the Directors will with hold any additional news until after they have taken our shares.
They should not have accepted deal until after all information out in public, in my view.