Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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RNS not showing:
KR1 plc (KR1:ASE), a leading digital asset investment company, announces that the Company is today issuing a circular (the "Circular") to Shareholders convening a General Meeting of the Company for 10.00 a.m. on 29 April 2024.
At the General Meeting, a resolution will be proposed seeking shareholder approval for KR1 to make market purchases of up to 14.99 per cent. of the Ordinary Shares currently in issue.
The Directors believe that, in common with many other listed companies, the Company should obtain from Shareholders a general authority to make market purchases of its Ordinary Shares on the stock exchange. Accordingly, the Board is seeking Shareholder approval at the Extraordinary General Meeting to make market purchases of up to 14.99 per cent. of the Ordinary Shares currently in issue.
If the Resolution is passed at the EGM, the Buy-Back Authority will give the Company authority to buy back its Ordinary Shares in the market as permitted by the Act and the Articles. Any Ordinary Shares bought back may be cancelled or held in treasury.
The Buy-Back Authority will expire at the conclusion of the annual general meeting of the Company to be held in 2025 (the "2025 AGM") or the date falling 18 months after the passing of the Resolution, whichever is the earlier. However, the Directors currently intend to ask Shareholders to renew this authority at the 2025 AGM and each subsequent annual general meeting thereafter.
The Resolution specifies the maximum number of shares which may be acquired (up to 14.99 per cent. of the Company’s issued ordinary share capital as at the date of the Extraordinary General Meeting) and the maximum prices at which they may be bought.
The Buy-Back Authority will be exercised only if the Directors believe that to do so would be in the best interests of Shareholders generally.
https://investors.kr1.io/investors/announcements/
PD
does that rns indicate a possible 15% buy back proposal every agm ?
rocking horse ****
ho ho ho
Yes it seems the 15% buyback can be approved every year. It’s in our interests and ‘might’ help stop the general complaint that they don’t care about shareholders..
Exellent move for LTH . Increases share value via EPS and goes some way to eliminate speculative churning. You dump . you risk losing your stash value permanently!!!
In one sense better than dividends . On a long term basis
NEXT RNS
Main market listing ?
Love it .
Goes a long way to reduce the extreme volatility
Yes please, will have some of that.
Just increased my position with last 20% pyramid tranche.
An off the cuff calculation .
Crypto sphere keeps moving ing in same direction at same speed . No Black Swan events
We have
In 3 years . Possible 118m shares in issue. Possible NAV of £1 billion .(.based on a btc of $200k) staking income per annum £200k
Value per share £9 + or - a few %
=
Any one want to. Guesstimate the sp for q2 2017
Is staking income not already over £1 Million a month or am I mistaken there - Was thinking it could potentially be £100 Million Per Annum - have I got this wildly wrong
Excuse ! Typo . Staking rewards ( obviously depend on lido.dot.atim.tia price @ the relevant time of liquidation ) can vary between $1 & $3m).per month .si average projection say $2m per month = $24m per annum a d NOT £200K
The SP is likely to be heavily marked down at market opening tomorrow, so will the brave amongst you top up??
Not yet, bit to go this year, Ian situation not looking good
Iran
29th April Buy back vote of up to 14.99% of issued share capital in 1 year with potential to renew at each AGM.
Under 80p buy long stay happy
GLA
If they are held in treasury will that make much difference to the share price?