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this is from an rns
in the event that the cancellation resolution is passed and the admission of the company's ordinary shares to trading on aim and euronext growth is cancelled, shareholders will no longer be able to buy and sell ordinary shares in the company through aim or euronext growth. accordingly, the company would no longer be subject to the rules and corporate governance requirements to which companies admitted to trading on aim and euronext growth are subject (and accordingly shareholders will no longer be afforded the protections given by the aim rules or the euronext growth rules). davy will cease to be the company's nominated adviser and broker. there will be no formal market for shareholders to effect transactions in the company's shares following cancellation unless an alternative trading facility is put in place.
alternative trading facility
the board, in considering the investment, was mindful of providing shareholders with a mechanism or alternative arrangement for trading the ordinary shares.
accordingly, the board is actively pursuing the introduction of the ordinary shares of the company to an alternative **************. in this regard the company intends to apply to have its ordinary shares traded on the aqse growth market, a recognised growth market, based in london, subject to approval by aqse regulation. in the event that the company's shares are admitted to trading on the aqse, the company will be subject to the regulations and corporate governance of the aqse exchange.
Sorry but can anyone explain exactly what happens to the shares i have. Are they just lost !
Experienced traders are long gone from this, it's not been a trade for years.
Any views from experienced traders please
..and a trading platform Aqse.
GLA
Https://polaris.brighterir.com/public/ormonde_mining/news/rns/story/xenevnx
Matters approved
Did anyone actually get the chance to vote. Still to hear from H/L about my voting papers.
Any news on AGM/EGM
Because it demonstrates what a cretin Anderson is.
Why are you posting something which happened 8 years ago.
Ulterior motive?
Mark Paul's face
Mark Paul
Fri Jul 3 2015 - 01:30
That ringing sound you can hear is possibly coming from the ears of Tom Anderson, the former chairman of Aim-listed Circle Oil.
The businessman this week received what could politely be described as a dressing down from Mr Justice Brian Cregan.
It came in a High Court judgment over a dispute concerning a stalled deal to open a Las Vegas-inspired nightclub on Dublin's Harcourt Street, which was to be financed by the scion of the Anderson cinema- owning family.
Grab yourself some popcorn and a bucket of soda. The judgment is a thriller, utterly fascinating for its level of detail about the approach to business of one of Ireland’s most publicity-shy investors.
READ MORE
Anderson was part of a consortium including radio investor Mike Ormond and publican Colin Dolan, which in 2012 approached former Pod nightclub owner John Reynolds about leasing the premises from him after the Pod shut.
The two sides fell out over the terms of the deal, including the building of a new fire escape, before settling a High Court case in 2014.
That settlement promptly fell out of bed when the deal wasn’t closed as arranged, resulting in another trip to the courts, which Reynolds won this week.
The lease is to be rescinded and Reynolds is to be awarded damages for breach of contract, after the judge found the Anderson consortium had made “an unscrupulous attempt” to leverage extra concessions from him.
In his judgment, Mr Justice Cregan said Anderson, the main financier of the deal, was the “key architect” of the consortium’s strategy in relation to Reynolds.
The beak expressed bemusement that Anderson had such a "strange relationship" with the consortium's solicitor, Simon Carty, to whom he had apparently never spoken despite being represented by him.
The judgment recalls how, under oath, Anderson explained why he didn’t want his own consortium’s solicitor to know anything about his finances.
“You’ve got to understand that Mr Carty has no idea what my status is,” said Anderson. “He has no idea whether I have funds or not and I don’t want him to know . . . I don’t want guys like that putting pressure on me ...”
Reynolds’s counsel asked what he meant by “guys like that”.
Anderson responded: “People who aren’t on my slate.”
Reynolds’s lawyer asked: “Are you telling me you don’t trust him?”
“He doesn’t know me,” replied Anderson.
The judge said this exchange demonstrated “how evasive Mr Anderson was in the witness box”.
The judge then criticised Anderson for having “scant regard for the discovery process” for delaying the discovery of documents relating to his finances.
“This . . . can only be characterised as a deliberate attempt to mislead the court,” said Mr Justice Cregan. “The extent to which Mr Anderson sought to mislead the court in relation to the payment of monies is clear.”
The j
Circular is here: https://ormondemining.com/wp-content/uploads/2023/08/23-08-01-ii-Draft-CIRCULAR-OBH-BMM-BT-06.00-FINAL-FINAL-CLEAN.pdf
So, management originally said that it would delist Ormonde and seemingly rely instead on TRU's listing on TSX Exchange (30th June circular). But TRU is now proposing to cancel this listing in favour of a listing on a different, unspecified Canadian exchange (page 6 of 31st July circular). Meantime, Ormonde itself is going to delist from AIM/Euronext and has applied to join the AQSE market. All very confusing and a bit like 'musical chairs'.
Also, very unclear as to what happened to the original proposal to increase Ormonde's stake in PNL from 20% to 50% in order to effect a RTO. This has now been shelved by the proposed investment in TRU. Finally, why is management investing CAN$3.0 mln in TRU at 0.05 per share plus warrants (at 0.075) when TRU's share price stands at about 0.03.
Thanks.
Contacted them this morning.
If your shares are on a platform you won't get a circular. You'll need to contact your platform if you want to vote.
Nothing recieved
Where are the papers for the agm, anyone had anything?
Application went in for AQUIS listing yesterday....
lse.co.uk/rns/aquis-stock-exchange-application-for-admission-announcement-b83mz1qjgq80qou.html
Nope, still waiting for the circular
Anybody had any info about the upcoming meeting
Long term Ormonde great investment
Poor company Ormonde Hl have even stopped my holding on it