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I'll be intouch, appreciate all the work u doing
No problem - i’m happy to co-ordinate. We are now 11. Anyone else viewing this please contact me at barry@laden.co.uk with your shareholding details as I also don’t trust this board to remain in place too long after delisting. Barry
FB thanks for your efforts and the info. Taking into account the various views put forward I agree it seems our best option for now is to await further info and the expected meeting. Meanwhile continuing the efforts to organise a group of shareholders and agree some points to raise might be a worthwhile use of the time ?
Update on Proposed Acquisition Cancellation of trading on AIM Graphene NanoChem (AIM:GRPH), the international provider of nanotechnology performance enhancing solutions for global industries, announces that pursuant to AIM Rule 1, the Company's shares will be cancelled from trading on AIM at 7:00 a.m. on 19 March 2018. As announced on 16 February 2018, the mutually agreed resignation of Panmure Gordon (UK) Limited ("Panmure") nominated adviser ("Nomad") and broker of the Company had taken effect. Pursuant to Rule 1 of the AIM Rules, the Company had one month to appoint a replacement Nomad to prevent the admission of its AIM securities to be cancelled as it pursued the Proposed Acquisition (as defined in the announcement dated 30 November 2017). Unfortunately, despite efforts of the existing Directors, the Company has not been able to secure the official appointment of a replacement Nomad within this timeframe. The Company is pleased to report progress in advancing the Proposed Acquisition, including substantial work on the legal and financial due diligence. The Directors believe the Proposed Acquisition, if completed, would be transformational for the Company and its shareholders and will continue to work with their respective advisers to complete the necessary documentation to execute the Proposed Acquisition. It is contemplated that upon completion of the Proposed Acquisition the Company will be undertaking an IPO, with a view to being admitted to trading on AIM in conjunction with the execution of a simultaneous fundraise, the proceeds of which are intended to be used to finance the development of the enlarged group going forward. The Company is committed to completing the Proposed Acquisition and seeking admission to AIM as soon as practicable. The board would like to take this opportunity to thank the Company's shareholders for their patience and will continue to update shareholders on the Company's website and via the RNS newswire on the Proposed Acquisition. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
exactly ACE - I hope everyone on here will be able to attend!
They'll be an EGM when the deal is ready to present to the shareholders. What would be the point of one before? What resolutions would there be?
Throwing good money after bad
I have just spoken with Peel Hunt and neither they nor their clients own our shares. The GRPH website was updated only in September and that leaves 2 months of trading before the suspension in November. According to Morningstar, the only other non-Director or Director's company shareholding that is major is Darwin Capital at 6.13%. http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P00007YOO%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007YOO&ClientFund=0&CurrencyId=BAS
FB 08:39 thanks for the info/clarification 08:41 take your point. What do others think ? Would it help in any other way to put pressure on if we involve Peel Hunt - even if it's just trying, initially to get a bit more info - perhaps about the takeover ?
The directors could of course refused to call an EGM pending the outcome of their discussions. Not least because as they live overseas, the expense of them coming to the UK for an EGM would only add to all of our costs within the company. Is it actually worth it until we have some answers regarding the takeover? All food for thought.
Platinum and Dato are Directors or their companies. However our group plus Peel Hunt takes us over 10%. i’ll call them. Normally brokers will take a ‘wait and see’ attitude’ No harm in making the connection anyway.
Listed in Investor relations on co website are ; Platinum Energy 28.7m shares Peel Hunt 19.9m shares Dato Foong Choong Heng 17.1m shares Around 65m shares in total = about 30% of co - enough to call an EGM ?
I would love to. The major shareholders are actually the directors. Which is why I think most people thought they would do everything they could to save the company in its current form. The biggest shareholder losers here will be the directors themselves. However other private investors, can still club together and be known to each other moving forward.
FB is there any mileage in contacting major shareholders ( are therehere any ) to see what they are doing ?
Another case study to avoid companies where management are based overseas. AIM is such a magnet for lifestyle plays. Wonder how much has been siphoned from shareholders over the years to support the lavish salaries and bonuses, not forgetting all the corporate facilitators who have benefited.
OK guys as expected. All the more reason to join my group so we can talk with each other and act as a block. Please see earlier posts. So we still own shares in the company, even though we can’t trade them. They’ll do the takeover (perhaps) and then try to relaunch on Aim fundraising with a massive dilution of our shareholdings. I feel a negligible value claim on my self assessment form coming.
Can someone explain clearly to me what this means...are our shares now effectively voided and GRPH will just re-list at some point in the future?
I think and hoping we may have a chance not all lost. So they have done this before!!
Looks like game over. A few quid lost for me.
i think it will come back as i said i j know how they work
we wait
Is this it then d day.. see what happens
We had 65 members to start with, some fell away over time. Our claim was for a total holding of �7.3m. Costs grew with Solicitors fees, and more fell away, leaving the rest of us to make up the difference. Honestly, don`t waste your time, or money, it was too stressful and I dreaded getting emails demanding more money for the Solicitors in the end. My costs were �3k......do yourselves a favour and just find a new stock to put the money into....I wish I had!
of total shares identified to me so far. That is, 4,921,817 out of 201,725,075. We are now 10 in the group. Please be in touch if you haven't already so we can talk between us. No obligation to do anything...just to be in touch and to act as a group if we feel it's appropriate.
I take your point but it's worth joining together as a group as the more shareholding power we have, the better in the decision making process. I would encourage everyone to join this shareholders group (so far 9 members) and then collectively we can see what we can do. At the very least we would have a way to contact each other if this board gets taken down. Contact me at barry@laden.co.uk with your shareholding amount. All the best, Barry