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Courtesy of Riddler
MAIS • Market cap £1mln • Need 75% of votes to de list at AGM
• Since the RNS they have lost £3.8mln cap to save about £100k AIM listing costs and have £2mln cash = doesnt make sense •
In Jan 2019 they posted a circular when the concert party "Charles Street ( who have former BLUR/MAIS CEO called Robert Keith as major holder)
• David Rowe is the Chairman of MAIS and should NOT be allowing this to happen - contact 0800 048 8664
• 4 INTENTIONS OF THE CONCERT PARTY REGARDING THE COMPANY'S BUSINESS Each member of the Concert Party called Charles Street has confirmed to the Company that they are not proposing to change " maintenance and continued admission of the Company’s ordinary shares to trading AIM" [ ] Charles Street 44%( 170mln shares) These are a "concert party" as of Jan 2019 [ ] BOD 19.6% ( 60mln) = 134mln shares / 44% [ ] Intertrader 17,715,411 = 5% [ ] Brewer Dolphin 15,705,552= 5% [ ] Spreadex 13,428,154 = 4% ( sold to zero 21st May ) [ ] Phillip Lets 12,929840 = 4% and may havesold on Friday 17th May judging by the 9,929,840 share sale but as yet no TR1 as of 29th May [ ] Private shareholder action group have 14.1mln = 5% ( see LSE #MAIS BB)
• This proposal to de-list is ILLEGAL as per the promises made in the January "whitewash" circular • By AIM rules you only need 5% to get court order to block the resolution as per "Minority shareholders' rights vary depending on the percentage of shares/voting rights they hold in the company, as follows: At least 5%: right to: apply to court to prevent the conversion of a public company into a private company; call a general meeting" • GM 13June 2019 • Last day if dealing 27 June
buys not showing up yet....just had a topup
hefty 4 million buy just gone through
If I understand this correctly, you are all saying that if the collective (including bod) buy about 20% more of the company, then it will delist. Regardless of any court orders?
that + 1mil are quite some buys... being held for an order perhaps? Riddler said this happened yesterday...
They have to have a vote to delist and 75% of share holders have to agree which they wont