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OBT - per the HL FAQ's my understanding is:
What happens if I accept the Offer?
If you accept the Offer at this opportunity your holding will be removed from your account and sent off in acceptance of the Offer. On or around 17 November 2020 the Company will make an announcement as to the acceptance level of the Takeover and whether it has been declared “wholly unconditional” (i.e. successful).
If I accept the Offer when will I receive my proceeds?
Once the Offer is declared 'wholly unconditional' (i.e. successful), the relevant consideration will be credited to your account within 14 calendar days.
So essentially your shares are frozen until offer outcome is known.
Thank you. The corporate event on broker's site closed on 29/10 so I could not use it but have sent a msg to my broker instructing them to accept, if there is a problem with them actioning this I will let you know. Truly appreciate your time.
@deezel yes anyone who has bought shares can accept the offer by instructing your broker or taking action on the brokers instruction which may be to go to their website and look for "corporate actions".
Will those that missed the 29/10/2020 cut off date get another chance to accept? My apologies, I have been out of the loop.....
I accepted the offer and now my HL trading account is showing no valve and under Modern Water it say Assented Takeover Line. Something obviously happening?
Just a reminder to anyone who has not accepted the offer, with first closing date tomorrow. DeepVerge cannot automatically swap your MWG shares unless you take steps to accept the offer.
Cammy and DG12 have failed by the looks..........!
open up the economy.............. with DVRG (DeepVerge)................ :()
All the best (they are both buying back in now......... :()
Dg12 your correct mate,way behind.probaby into January or February if it’s a viable product, so a couple of months for all sorts of things to spring up as ,a lot of companies are working at breakneck speed to capture the market and contracts while the money is available . DeepVerge are in the sleepy joe Biden category.
You obviously have a plan to buy in lower, no other reason for you comments here.
https://uk.reuters.com/article/idUKKCN24O1J9
French hospital testing covid breathalyser back in June/July 20
Deepverge is well behind with their tech, at least 5 countries have working tech on the market
https://www.thebusinessdesk.com/yorkshire/news/2062728-more-progress-unveiled-in-collaboration-against-covid-19
Has anyone asked Deepverge their predicted timeline for selling a breathe test
Deepverge Breath test earliest result end of 2020. This means if successful sometime in 2021.
Leak document to BBC on 31st Oct says possible 4000 deaths a day in worse case.
https://pharmaphorum.com/news/could-a-covid-19-breath-test-help-uk-out-of-lockdown/
Are Deepverges tech to slow to come to market.
Singapore test available now $20/£15 per test see Daily Mail and Metro newspapers
I don't agree. DVRG has a lot more than just the test. Important to vote.
If the takeover is not successful and a better offer is received,those who have already accepted will not be able to receive any enhancement to the offer.
There is no real point in accepting the current offer, as the price being offered
is the same as pre-offer.
Even if it goes ahead there is uncertainty about Deepverge increasing their share
value. The market in Covid Breathalysers is hotting up with Singapore announcing
a new 1 minute test on 29Th Oct.
Rule 9.3 A company requires 50% of voting shares for offer to be accepted
page 145 of 425 pages of the code.
code available at thetakeoverpanel.org.uk.
Note rules are 425 pages long last update 7/11/2019
note next year rules are changing , ex Brexit, etc. consultation on new rules set out
Oct 2020
And I must admit DG12 I can't understand what the 90% and 50% actually mean!!!! Someone else on advfn stated that 75% was the figure.
Is this what you mean?
1.1 Acceptance condition
Valid acceptances of the Offer being received (and not, where permitted, withdrawn) by not later than 1.00 p.m. (London time) on the First Closing Date (or such later time(s) and/or date(s) as Integumen may, subject to the rules of the Code or with the consent of the Panel, decide) in respect of Modern Water Shares which, together with all other Modern Water Shares acquired by Integumen (whether pursuant to the Offer or otherwise), will result in Integumen, and any other person acting in concert with Integumen, holding in aggregate not less than 90 per cent. (or such lower percentage as Integumen may decide) in nominal value of the Modern Water Shares to which the Offer relates and of the voting rights attached to those shares, provided that this Condition will not be satisfied unless Integumen and/or any of its associates shall have acquired or agreed to acquire (whether pursuant to the Offer or otherwise) Modern Water Shares carrying in aggregate more than 50 per cent. of the voting rights then normally exercisable at general meetings of Modern Water, including for this purpose (except to the extent otherwise agreed by the Panel), any voting rights attaching to any Modern Water Shares which are unconditionally allotted or issued before the Offer becomes or is declared unconditional as to acceptances (whether pursuant to the exercise of outstanding conversion or subscription rights or otherwise). For the purposes of this Condition 1.1:
Where is the information about the takeover being unconditional, there is nothing
on either website under news or investor information.
If large shareholders have accepted the offer there is no evidence. 57% of shares are owned privately.
I don't think a suspension will happen DG12..............!
certainly hasn't on any other merger I've been involved in............ :)
You'll see a name change, and consolidated share holding/price............ is all.......!
All the best (depending on ya broker, HL are very good at these things I know............ :()
heard horror stories from Halifax and Barclays clients mind............ !
https://walletinvestor.com/lse-stock-forecast/skin-stock-prediction
Once the takeover is done MWG will not be able to trade their shares until converted
recapitalised and admitted as new Deepverge shares to the market currently
expected on 23rd November. So maybe 2-3 weeks suspension .
With the tech market following the FTSE and other London traded shares sharply
downwards as more Lockdowns and deaths rise. Markets of all types will be on a downward spiral.
When the new Deepverge shares start trading the SP will be well down on current pricing of 28.5p mid price for Deepverge.
The current crop of buyers are chasing the price up.
MM have noticed this an the price of MWG to buy is now higher than buying Deepverge
Once the takeover and the consolidation is complete near the end of November
The price will reflect the current market conditions and Deepverge will trade around the sub 20p mark
Currently market makers are cushioning the shares from falling to allow the T/O
to go smoothly
On twitter, GB is Gerry CEO, replies are various authors but this illustrates and not just for the breathalyser how the Covid solutions are future proofed.
https://twitter.com/gjbrandon/status/1321020032332320768?s=21
GB - RSCI researchers, who previously investigated the potential for detecting lung cancer in breath samples, set their sights on testing breath samples for Covid-19. Looking beyond COVID19 for breath testing diagnosis #DVRG #MicrotoxBT
Reply -Much of #DeepVerge PI focus has been on #Covid19 detection solutions (contaminated wastewater #MWG/ Breathalyser (above & below ground #RealTime solutions) using #LabSkin #AI tech.
From reading further there does seem to be more, much more, to its technology as above????#DVRG
Reply- The technology is 100% future proofed for when the likes of cancer and other diseases use viral load for early warning detection...one step at a time though. Let's get the tech distributed and established for Covid first
GB- Go listen to #DVRG podcast at 14:10 which shows how far advanced we are in this area, simply by exchanging the pathogen binding agent, having successfully detected bacteria (e.coli) and announced in RNS as far back as November 2019
Reply- Create the binders to ‘anything’ (So real-time detection on the fly) of multiple virus strains (new unknown threats & existing known strains) @mini_moans big stuff ???? can’t wait to hear from the labs @ Dundee! (OR I mean Aberdeen!!)
Nicola a DPVR employee - That is the real hidden beauty of our system. We get the infrastructure and architecture operational for SARS-COV2, but it is fully functional for diseases we know of or that may come. Just swap the chip!