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You are right Swify to not be negative at this stage. I was feeling overly pessimistic this morning but another share I hold Bou - after two years of RTO limbo looks like it might have completed an RTO deal. There is still a real chance of things turning out ok here.
Yep, some ambiguity for sure; but i am not being too negative at this point. There's alot to see online regarding stricness of rules between AIM and ASX, where the former are more rigid where the process could go beyond the cash shell limitations. With that in mind, and the contractual agreement between RMP and the seller to do the deal by a certan deadline, the RNS supports the notion that this is all to mitigate risk. I certailnly hope so. Then again it states ...."at this time the intention to relist ...etc"
....therein for me lies the abmiguity
I hope that there is something for aim shareholders. There’s mention of cancellation of the shares on aim but no mention that holders would get X shares in the new company. It hints that this step is for the greater good of other shareholders (maybe at the expense of aim holders). Also suggests aim holders get advice from third party about tax position. Maybe I’m being overly pessimistic about this news... time will tell.
HI, I don't thiink UK shares are "wiped"- ...it's just a timing / risk management regarding deadlines IMO, where AIM seem to be stricter thean ASX....I hope I am right !! But again, admittedly there is an element of ambiguity in the RNS
Are we reading the same article? Looks to me like ordinary shareholders on aim have been shafted. Happy to be proved wrong
Even if new shares get re-issued, I am unsure what would be the impact on the SIPP or ISA treatment of these.
I consider my RMP as wiped; if something comes back from it great but I am not convinced.
TITM
Yes looks like they will be readmitted after the deal in Oz is done.
I rather think they will be valued as normal after readmission to AIM in July. It seems this is a move to ensure there are no delays that could potentially force RMP to miss the deadline imposed by cash shell rules
It would suggest to me that the ordinary shares on AIM are worthless
What does this mean for us
Todays ann from rmp.
https://hotcopper.com.au/threads/ann-proposed-appointments-and-notice-of-aim-trading-cancellation.6014516/
Cheers avi15