Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Signalling that they are waiting for takeover panel... anyone read anything differently?
5 November 2019
MESH Holdings plc
(“MESH” or the “Company”)
Update on Acquisition of Sentiance
MESH, ZASAi and Sentiance continue to diligently work on the proposed Acquisition of Sentiance. As previously announced on 1 October, completion by MESH of the proposed Acquisition Option is subject to receipt of a waiver of the obligations under Rule 9 of the City Code on Takeovers and Mergers ("Rule 9 Waiver"). There can be no guarantee that shareholders will pass the requisite resolution or that the Takeover Panel will grant the Rule 9 Waiver.
MESH continues to work towards obtaining the Rule 9 Waiver and re-establishing a listing.
The person who arranged for the release of this announcement on behalf of the Company is Mark De Smedt, Chief Executive Officer.
Contact details:
The Company
Mark De Smedt
Anne Stratford
+44 (0)203 885 2558
Whitman Howard
Financial Adviser and Broker
Nick Lovering
Christopher Furness
+44 (0)207 659 1234
Alma PR
Hilary Buchanan
Caroline
From a minor shareholder to a majority stake holder. What a great bit of business. Well done board ! £1 sounds really conservative, AI is booming, Sentiance has a first move advantage. Away with NEX and into orbit please. Good luck.
£1 minimum
sentiment momentum and decent pr could drive it much higher all unknowns
getting off NEX is great for liquidity and can only help
LSE official listing should see price around the £1.00 mark IMO There is however very little exposure to pure-play AI on the market at present, so this it's more than capable of capturing investors' imagination once word gets out and we might be pleasantly surprised. Superb volume for a NEX traded stock, but MESH deserves a far bigger platform. Roll on the next update!
Where are you thinking Kezz on open? If there are no further shares issued then 78% Sentiance is worth £1.00 (so far extra 25m shares been issued to RRNB. That's my target
50p and 120p
warrants
-- Proposed re-listing Update with Proposed Admission to trading on the Standard Segment of the Official List of the London Stock Exchange
The Company expects that the prospectus will be published as soon as, and contemporaneously with, MESH's interest in Sentiance increasing to 78.1% on a fully diluted based.
The Company has been granted dispensation by NEX from the requirement to obtain shareholder approval to leave the NEX Exchange. The delisting from the NEX Exchange will take effect from the close of business today.
Conditional Exercise of 50 pence per share Warrants, issue of New Warrants
The Company has agreed with RRNB Limited ("RRNB") that the Warrant owned by RRNB will be exercised in full prior to 31 December 2019. As announced on 12 April 2019, the Warrants are over 50,000,000 MESH shares and have an exercise price of 50 pence per share. The Warrant exercise is conditional upon the passing of the Rule 9 whitewash resolution and the admission of the Company's shares to trading on the Official List as described above. Once the proposed Warrant exercise is completed, the Company will, as previously announced, automatically issue RRNB with a new Warrant for the subscription of 25 million new ordinary shares at a price of 120 pence per share valid for an exercise period of two years.
The Company previously announced on 1 July 2019 the exercise of 5,000,000 warrants at an exercise price of 20 pence per share. The Company has agreed an extended settlement with the warrant holder following the suspension of the Company's shares such that the exercise price will be paid and the shares issued upon the proposed admission as described above.
Executive Team Developments
The Company confirms that Manjit Ram has been appointed by the Company on a permanent basis as Finance Director[1]. The Company has awarded Manjit 1,000,000 additional Options, which will vest over a three period with an exercise price of 50 pence per share. Manjit already holds 1,250,000 Options, also with an exercise price of 50 pence and vesting over three years.
The Company also announces that Michael Kogeler, SVP Technology & operations, has decided with immediate effect to leave MESH in order to pursue other professional opportunities.
Commenting on today's announcement Mark De Smedt Chairman & CEO of MESH said: "We have continued to make tangible progress over the past several months and are now at the final implementation phase of the transformative Sentiance acquisition. Sentiance's positive momentum continues to gather pace and we look forward to providing further information to Shareholders in the near term. The Board sees the proposed admission of the Company's shares to the Official List as a natural business progression and is focused on achieving it in a timely fashion."
The person who arranged for the release of this announcement on behalf of the Company is Mark De Smedt, Chief Executive Officer.
1 October 2019
MESH Holdings plc
("MESH" or the "Company")
Update on Acquisition of Sentiance and proposed Re-admission of MESH shares to trading
-- Update on the Exercise of the Acquisition Option by MESH and ZASAi Limited ("ZASAi") announced on 1 July 2019 (the "Acquisition Option")
-- Proposed re-listing Update with Proposed Admission to trading on the Standard Segment of the Official List of the London Stock Exchange
-- Executive Team Developments
The Company is pleased to provide investors with the following update.
Exercise of the Acquisition Option of Sentiance Shares by MESH and ZASAi
MESH and ZASAi have made material progress in finalising the formal exercise of the Acquisition Option of Sentiance shares. However, in order to complete the exercise process, including the steps outlined below, a short timing extension is required. As a result, and by mutual consent, it has been agreed that the Acquisition Option will be extended until 5 November 2019. In the intervening period, MESH has agreed immediately to subscribe for an additional 2,000 ordinary Sentiance shares at a price of EUR750 per Sentiance share, being a total consideration of EUR1.5 million, and has concurrently exercised its existing option (announced on 12 April 2019) to acquire a further 1,000 ordinary Sentiance shares. As a result, MESH now owns 16,333 ordinary Sentiance shares or 16.8% of the current outstanding Sentiance share capital.
Completion of the proposed Acquisition Option will be subject to receipt of a waiver of the obligations under Rule 9 of the City Code on Takeovers and Mergers (the "Code") which would otherwise oblige ZASAi and its backers to make a general offer to shareholders under Rule 9 of the Code ("Rule 9 Waiver"). There can be no guarantee that shareholders will pass the requisite resolution or that the Takeover Panel will grant the Rule 9 Waiver required to effect completion of the Acquisition Option and the issue of the new MESH shares as consideration. The Company will make a further announcement regarding this process in due course and expects to be issuing a shareholder circular in November 2019.
Subject to obtaining dispensation from Rule 9 of the Code and the related shareholder approval, the Company will own 80.1% of Sentiance on a fully diluted basis, on completion of the Acquisition Option
Re-listing Update with Proposed Admission to trading on the Standard Segment of the Official List
The Company previously informed shareholders that it would be seeking readmission to the NEX Exchange. The Directors have concluded that, at this juncture, the Company should seek admission of its shares to a trading venue that is more appropriate for its ongoing development.
Therefore, the Directors intend to submit a draft prospectus to the FCA for the purpose of seeking admission to trading on the standard segment of the official list (the "Official List") and to trading on the main market of the London Stock Exc
FSTE listing. This was crucial. Expect this to rise on relisting.
Answers on rns today .
Hi All, Does anyone have any information as to when this will return to trading? I emailed MESH weeks ago, but never received a reply. Thanks
share price on relist?
“With increasing adoption of AI across sectors, this space is bound to witness growth in an already burgeoning M&A activity. Corporates are extensively evaluating options to integrate AI in their business operations and automation initiatives. Going forward, AI solutions will be an integral part of their strategies,” Bose said."
https://which-50.com/global-tech-giants-remain-most-active-acquirers-in-ai-tech-says-globaldata/
"Samsung is an investor and strategic client. Other clients include some of the biggest and most innovative companies in the world."
https://ec.europa.eu/eipp/desktop/en/projects/project-10595.html
(Courtesy of john @codeinehq on twitter)
Hi Ben, have a look at the Sentiance client list. Its quite impressive and they are just the ones we know about, as disclosure agreements prevent the company from revealing details about other, possibily even higher-profile, clients. It's a fair assumption that once 50p warrants are exercised that Mesh will pursue its option of acquiring an 85% stake in Sentiance. AI is red hot at the moment and the volume, particularly for a NEX traded stock is phenomenal suggesting more than just retail interest. I appreciate your misgivings about previous company history, but sometimes you have to kiss a lot of frogs to find a prince...
Best of luck, from a fellow Welshman
Recieved shares in mesh so lost nothing ,going very well see rns for details .
Recurved shares in mesh so lost nothing ,going very well see rns for details .
Seeing this ramped on twitter. Investment looks to have been bought from HGC Investco 1 Ltd which was a subsidiary of Monchhichi PLC. Monchhichi seems to have de-listed from AIM and gone bust so the investment didn’t do anything for its shareholders. MESH looks like a failed pot play that’s picked up one investment in a Belgium tech company. So at the moment is a no-revenue 1 trick pony. Struggling to see the excitement. What am I missing?
Lots of big buys today
The Company is pleased to confirm that it yesterday completed the closing of the GBP4,987,500 private placing at 35 pence per share (on a post-20:1 consolidated basis), as originally announced on 29 April 2019.
Settlement and Dealings
Application will be made for 14,250,000 new Ordinary Shares of nominal value of 2 pence each in the capital of the Company (the "Ordinary Shares") to be admitted to trading on the NEX Exchange, with admission expected to occur on or around 6 June 2019.
Total Voting Rights
Following the issue of the 14,250,000 new Ordinary Shares, MESH will have 232,415,226 Ordinary Shares in issue, each Ordinary Share carrying the right to one vote. MESH does not hold any Ordinary Shares in treasury. The total number of voting rights in MESH will therefore be 232,415,226.
Break-out coming?
Just received my share certificates from Hsbc .
Will be interesting to see if those confidential clients come to light in time. I could imagine the possibility of Tesla interest. This is an exciting investment and Mesh like to release info often.