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The 105p offer left me with a small loss.
Next few days bought Pfizer & NIO Inc 20 & 22 July 22 both well down .
Does anyone know when we will have our shares bought from us ?
There was a cut off date, 5/7 for acceptances. And return of certificates. If you didn't reply, if I recall correctly, it'll be around 6weeks but could be longer depending on process.. I didn't receive the letter until after the date so am just waiting. for settlement
Can anyone tell me when the payments are due for the share sell off? Ive still not received anything as yet
And then it see it paid today at 10am ?
They do not know anything my email yesterday might of helped others as well .
Told money in on 25th July 2022.
Shares swapped for non tradeable ones .
Can not see any monies for this of today ?
Oh well, looks like my shares have been compulsory acquired, as a takeover credit has appeared on my HL account today. I never accepted the offer as my average was £1.80 (had too many other shares needing the cash, so never had the funds to average down, prior to the takeover bid), so was hoping they would remain on my account, perhaps pick up a few dividends along the way & maybe get offered a better price at some point in a future compulsory acquisition, but no such luck.
Well done to anyone who made money, & best of luck in your next endeavours to all you guys out there who lost money like me.
At least the weather is nice..... Take care.
Bought them 1/7/19 @ 117p , doubled up 19/5/22 at 100p , average 108.5 .
The 105p offer leaves me with a small loss.
Looks like I will be paid out 1.05p, anyone know when we will get the cash ?.
Stagecoach Group PLC
Stagecoach Group PLC - Non tradeable
my shares are also delisted now on Halifax, so I guess they got to +90%
looks like we're stuck now until the sale is finalised and we get £1.05 per share
wish I'd never heard of blood. SGC like most of the other shares I've bought !
Thanks nova. I only realised when I went on trading 212 and it said delisted and I could not sell my shares. When would I be able to sell now if I wanted to ?. Thanks.
Hi losecontrol - I think you are wrong ?
Halifax are still asking if we will accept the offer from Inframobilty. It says they have agreement on only 81.7% of the shares, and they have to get to 90% valid acceptances or the offer lapses.
I continue to not accept the offer which I hope will lapse, and we retain our company - which will prosper
Craig30 - this is my take on it
- perhaps someone else with deeper knowledge can respond
Can someone explain what will happen to my shares if I have not chosen to sell them ? Thanks.
I think they can force it through unfortunately. This is what I received from my broker…I think I’m going to accept it today/tomorrow unless someone gives me a good reason not to, it’s a shame but think the takeover is inevitable.
“Further to our previous correspondence of 24th May 2022, as at 4.30pm on 26th May 2022, Inframobility had received valid acceptances of the Offer in respect of a total of 459,423,863 Stagecoach shares, representing approximately 81.75 percent of the existing issued share capital of Stagecoach. Accordingly, the Offer has been declared wholly unconditional and will remain open until further notice.
As the Offer has been declared unconditional in all respects, Stagecoach intends to procure the making of an application to the London Stock Exchange (LSE) for the cancellation of trading of Stagecoach shares on the Official List and for the cancellation of listing of the shares on the LSE's Main Market for listed securities. The Cancellation of Listing is expected to be on or after 27th June 2022.
If Inframobility receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more of the Stagecoach shares and assuming that all of the other conditions of the Offer have been satisfied or waived, Inframobility intends to exercise its rights pursuant to the provisions of [sections 974-991] of the Companies Act 2006 to acquire compulsorily the remaining Stagecoach shares on the same terms as the Offer.“
If they don't get valid acceptances for 90% of the shares they cannot compulsarily force sale of those shares outstanding, so what happens in that case to shareholders ?
Anyone ?
Can someone please explain:-
The RNS said that more than 75% threshold has been reached, so the company will be sold. Yet in the announcement they are still stressing the need for shareholders to formerly accept the offer for the shares from Bidco
-why so if they already have acceptances over the threshold ?
More free shares acquired
Like turkeys voting for Christmas to be cancelled forever
Will the sale go through, it seems they weren’t on track to get enough shares
The deadline for shareholders to respond to the DWS offer was 21st May. When should there be an announcement ?
I noticed the order for 100p had disappeared but there was no indication of a buy at 8.30am .
When I next logged on at 10.35am I saw the order placed GTC on 29th April had executed .
Also saw FT100 down 3.22% at 10.45pm.
Quite a drop !!
RNS from Bico 7am update on acceptances now 14%
Yes i Think So.
National Express refuses to raise offer for peer Stagecoach.
So 105p other offer it is then .
Seems Bidco now have shares and offers of shares totalling about 30% of SGC
What percentage do they need to make the sale go through ? Thought it needs to be much higher than this
I would prefer not to sell mine
Also sold, little chance of any further action.
Good luck, wish my limit would get hit!