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any sign of anyone getting a dividend or indeed any clue as to how much it might be
Was just going by previous December dividends paid out
No sign of either for me yet.
Should be due an update in the next few days and fingers crossed a dividend payment also
thank you
Last years accounts were 16th November. Hopefully a dividend announced on results day.
Any news from the GM ?
Any mention as to dividends?
Octagonal plc has announced an General Meeting (GM) to be held on 20 October 2022. As a shareholder in Octagonal plc, you now have the opportunity to vote on the proposed resolutions.
The resolutions to be voted on at the meeting are as followed:
1. To adopt new Articles of Association
2. To issue Bonus shares to credit the merger reserve
3. To cancel the bonus shares issued above
4. To authorise the issue shares to Management/ Employees under employee incentive plan
5. To authorise the directors to allot shares pursuant to section 551 of the Companies Act 2006
6. To disapply pre-emption rights pursuant to section 560-570 of the Companies Act 2006
Received an updated circular from octagonal today with some special resolutions to vote on:
- proposed reorg of capital to create distributable reserves
- adoption of new articles
- notice of aim
Intention seems to be to enable a buy back programme as part of finally appointing a firm for matched bargaining facility to allow share trading.
Also doing something to merger reserve account to issue these to shareholders and then cancel (not sure if this means a pay out from the reserve account for these or if it is just for buyback)
Wonder if synergis capital products will be moving forward now interest rates are picking up?
see section 44 of this last couple of lines
just an odd post to keep this alive
Web site is a farce still refers to AIM rules etc no Accounts available
Where's that from?
Radio silence on the website as usual
Still nothing about a matched bargain facility etc either
lol love this bit
(John William Gunn terminated.)
I think a lot of small shareholders would agree
Which is why I'm not in any rush to accept 1p for my shares when they do try a buy back
But what happens re pre arranged fraudulent hidden fro investors plan between Gunn and Barbie to regain full control after public listing . It was against everything that was advanced by Lenigas, deliberately stagnating any interest in the company share and banking license possibilities in order that Barbie could buy out somebody who supposedly supported the listing on own account. Barbie and Gunn act as if co. Owners and if this was a pre arranged plan to regain majority control and put off retail interest then I expect fines re this and compensation for mislead investors in the start up.
TY
Verdict 22nd March
$1m fine for GIS and $100k for John Gunn
Where did you see that?
Next they'll try and hoover up all the available shares they can at 1p
Settled with SEC 1 million dollars - fully provided for in 2021 group accounts.
Hopefully can draw a line under this now and move forward, hopefully team can exhaust their energies on growth instead of legalalities!
More interesting that a new set of Auditors found "no issues" and were able to sign books off within a month of the others resigning.
Wow, I've seen some cowboy companies but never seen such a scathing comment from Auditors.
As they are professional group, I have to accept the Auditors would not tell untruths especially on the record like this.
Makes you wonder why the previous books were approved, surely if the format etc is compliant one year it will be the next unless key members of staff are no longer employed.
Either way for us small investors 18 months since the shares were suspended we are still shafted as still no mechanism to get rid of these.
Mentally my investment was in the "dodgy" box, now it's definitely in the "write off" box
Auditors resigned in October last year