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Omega Diagnostics Group Plc has announced a proposed capital reorganisation which means there is a proposed significant change to the company or groups structure.
Under the proposed terms of the capital reorganisation, your existing shares will be consolidated and then immediately subdivided.
This means that your shares will first be consolidated into 1 new share of GBP2.44 in exchange for every 61 existing shares of GBP0.04 held.
Following the consolidation, the new shares will immediately be split into 1 new ordinary share of GBP0.10 and 260 valueless deferred shares of GBP0.009 in exchange for each newly consolidated share held.
The deferred shares will have very limited rights and will be effectively valueless. As such they will not be credited to your account.
The overall result of this transaction means your account will be credited with 1 new ordinary share of GBP0.10 in replacement for every 61 exisiting ordinary shares of GBP0.04 you currently hold, as of record date 6 September 2023.
As previously announced, the company is also proposing a name change of the company to Cambridge Nutritional Sciences Plc, the effective date of this is not yet confirmed.
The capital reorganisation and name change will both be subject to shareholder approval at the Annual General Meeting, to be held on 6 September
Is this true?
you might remember i raised my concern awhile ago that this might happen. though I would have suspected if it did it would have been further in the future. when cash was getting lower
if they ever want to place again - they may well have to.
also would suggest the dispute has been lost?
the change of name does remove any "history" the share has
I do hope for odx holders that this is a hoax
Well if this is true, I now see why Chris Lea ran a mile...
Keep topping up Dave.. hold for gold and all that.
Would explain the sells
I can see this hitting new 10 year low this week
Shareholders will vote for this as they believe anything
If true..no doubt the posters on here will be getting the blame as usual
Can blame as much as they want Captain
Fact of matter is this share stinks
Nothing will change that
Why the need to consolidate?
Goes from bad to worse.
Need to get rid of clowns who are milking the company on £240, 000 salaries.
'no doubt the posters on here will be getting the blame as usual'
Not exactly correct again, it depends who the posters on here actually are?
I will not be voting for the name change anyway, do once again you are incorrect.
3 of the usual 5 posting on a share forum board which they claim to have no shares. I'm a guessing they are nearer to the directors than they make out to be. Doesn't really matter if they are let's see what the police do/say. I'm going back for the fourth time now this month.
"Why the need to consolidate?"
the reason i wondered about this possibility previously - would be the need for future placements.
at current structure and price - it is impossible. placings cant take place under the nominal value
the obvious way around this is a restructure - consolidation. / change sp / nominal value
assuming that odx are correct and will have £3.8m cash at year end...if they have to pay £2.5m back...
they are then finished.
survival is only possible with another placing
Not a hoax,Corporate Action sent from AJ Bell on 24/8/23 at 16:55.
'also would suggest the dispute has been lost'
No evidence whatsoever to confirm this absolutely wrong that you post false content.
You should be held responsible for your posts and your previous posts. Just posting your wild assumptions again and again and again. After yoh post it the once it doesn't really work again.
Jeez..so should have been rns last friday?
if that is the case ..then some serious mal practice going on???
could explain chris lea leaving immediately???
i really am sorry for any holders if this is the case...
You don't know the meaning of the word sorry.
'So should have been RNS last Friday?
Why's that then?
Q- do you get this via email / newsletter?
is it accessible anywhere to see?
More threats about police
LSE should do something about this poster
Shareholders should contact or attend meetings but appears from this chat they are content with how company is run
I find it hilarious that non of them still know the new name being proposed
'more threats about police'
Not a threat just posting like I said I would after I had been to the police regarding Dsaf. Not threats truth.
Not to non shareholders
Boom.
Best to ignore said poster.
I don't think you will ever get a meaningful conversation about the share with them If you look at the potential bomb dropped today..look at the responses. Nothing about subject matter only other posters.
I can't understand this - if they are actually a share holder?
Does not make sense.
I said I wasn't in favor of name change, so how is that not responding to what was posted.
Or maybe you probably now realise that I have been to the police.
'Does not make sense'
Captain what doesn't make sense is you and your fellow naysayers posting on a share forum board on a bank holiday, discussing about a company that you claim to not have any shares in.
Now that is madness.
CS, came via email from AJ Bell, with no links to view elsewhere. Previous corporate action event had a link but I couldn’t fathom it out…. Have attached it below
Omega Diagnostics Group Plc has announced an Annual General Meeting (AGM) to be held on 6 September 2023. As a shareholder in Omega Diagnostics Group Plc, you now have the opportunity to vote on the proposed resolutions.
To view the announcement, including the resolutions to be voted on, please copy and paste the below link into your web browser:
https://www.omegadx.com/Portals/0/Omega Diagnostics Group PLC Annual Report and Group Financial Statements 2023.pdf
The resolutions to vote on can be found on page 83-85
Thanks q.
It is a shocker if nothing was RNs on Friday but this was out in public domain.
I wonder if bona fide shareholders will be up in arms ?
Captain I knew before Thursday, just like it seems you did as per your post on 23/08/2023,do you wish to comment?
Or is it just like before when you have posted something either on purpose or by mistake before it is actually announced. Why else would you be posting for me to average down further.?
2 more questions you will not answer,but you have slipped up before.