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Further correspondence received from HL this morning.
''Dear Mr XXXX
Thank you for your message,
Shanta Gold have issued us new communications detailing their AGM and ongoing takeover as a result we have forwarded these details onto yourself. This will invalidated your previous voting instructions due to the fact it constitutes as a new voting instruction.
The reason we cannot apply your vote retrospectively is due to any potential changes in each of the updates we are provided from Shanta.
I hope this has been of assistance. If you have any further questions, please reply by secure message from your HL account or send us an email. Please note that attachments we send will only be available to view on our website and not on the HL App.
Warm regards,
Alexander Wilson,
Hargreaves Lansdown''
The following is of concern:
'Shanta Gold have issued us new communications' and 'This will invalidated your previous voting instructions due to the fact it constitutes as a new voting instruction'.
Somewhat negates their RNS'd Claim that further voting is not necessary as previously cast votes will still be valid does it not?!
I'm currently awaiting a call back to discuss this further with my contact the Takeover Panel (but what good it will do I do not know?)
This whole process has been a utter sh* t-show from start to finish (and 100% intentionally in my opinion!!!) 😡
I'm with HSD and have not reached any update on the voting situation and not offered another chance to confirm my vote.
All my votes have been re-set to as though I have not voted.
I've re-voted all our votes again on HL and ii. Thinking logically, whilst there has clearly been a successful attempt to withhold information from private investors, this voting fiasco cannot be due to anything the company is doing. It appears that several (all?) broker platforms are affected. To me, this says more about deeply concerning issues with electronic voting.
By the way, some brokers are stating that the voting cut-off is 6pm today, others the much earlier 2pm. What are others here seeing? I'll check again later today.
Re-tweeted.
Bluebird. I had that exact same message on my ii voting page
"On the plus side I'm impressed by the entertainment value you get from owning shanta shares".
lol. Nice one blueband. Brought a smile on my face before I turn in for the night.
seems to me there’s probably 2 trading updates good to drop on thursday am. one - if the vote was successful, and another that will drop if the premadonnas don’t get their own ways. a bunch of ********s and lowlife thieves
Also had an email come through from HL at16:50 this evening to register votes yet again by 14:00 tomorrow!
The egm and court meeting had footnotes once you opened them,something about job no.140039 needing to be inactivated due to actual meeting processing under job no.136206. This was under the egm.
I haven't a clue what they are on about!.
You do become very suspicious about this sort of stuff.
On the plus side I'm impressed by the entertainment value you get from owning shanta shares.
I am still voting no and will see this through to the end. Thanks to everyone sending e mails to various governing bodies,I have also. Sent a 'whats going on!!!' to HL this evening as well.
@BarryAddison on X
I've just posted the gist of the below post (minus the emotional final section) on X. Anybody is welcome to retweet to try and get to as many as possible on the basis that there could be many shareholders on X who keep away from forums.
All shareholders received an RNS stating that there was no need to vote again in respect of the resolutions to be tabled at the three 4th April meetings if we had already voted and did not wish to change our votes.
No further RNS has been issued to change that statement. Nominee holders have been receiving various and differing messages from HL, II, AJ Bell and the like about whether or not we need to vote again. Worse, some of us have only heard today that we needed to vote again when the deadline is tomorrow. Even worse, on HL, when we looked at our votes it said that we had voted but, when we opened them up, we found that no vote had been recorded.
At 14.44 this evening HL re-confirmed that we had to vote again. It is obvious that many shareholders will not see or know that.
IMO, and I'm no lawyer, I fully agree that the absence of an additional RNS to supersede the original voting instruction MUST render all three meetings invalid and, if they go ahead and are passed, the resolutions will equally be invalid.
BOD, NOMAD, other advisers, the regulators and the courts should all hang their heads in shame. IMO this is a shambles to beat all others on AIM.
I can't believe how difficult this process is becoming. Suspect that there is a panic on now, that the vote may not go through. Perhaps there is overleveraging at play. I really hope that enough people have the courage of their conviction, to vote against this deal.
The late notice from HL contradicts Saturn’s RNS of 19th March and ought to render the vote null and void.
Not holding my breath for a reply to my third email to the Court…
Https://www.mining.com/perseus-extends-orecorp-takeover-bid-to-april/
Perseus wants OreCorp too; so they Pay more than Silvercorp.
SilverCorp refuses to pay more and step down the course. But they are interested in Kenian Gold and Shanta could be a good chance.
Fresh from 4.44pm:
Following our previous correspondence sent earlier today, please note that any voting instruction that was submitted for the previous meeting is no longer valid and will not be submitted at the new meeting. Please follow the steps below before 6pm on Wednesday 27 March 2024 to submit a new vote on the increased offer at the meeting on 4 April 2024.
Saturn Resources Ltd, a wholly owned subsidiary of ETC Holdings Ltd, have made an increased and final offer to buy Shanta Gold for 14.85p in cash per share. The court and general meetings have been adjourned.
Shareholders will vote on the takeover at meetings on 4 April 2024.
If the takeover goes ahead, you’ll get £ 29,700.00 your 200,000 shares.
I got the same.
Dear Mr Addison
Following our previous correspondence sent earlier today, please note that any voting instruction that was submitted for the previous meeting is no longer valid and will not be submitted at the new meeting. Please follow the steps below before 6pm on Wednesday 27 March 2024 to submit a new vote on the increased offer at the meeting on 4 April 2024.
Saturn Resources Ltd, a wholly owned subsidiary of ETC Holdings Ltd, have made an increased and final offer to buy Shanta Gold for 14.85p in cash per share. The court and general meetings have been adjourned.
Shareholders will vote on the takeover at meetings on 4 April 2024.
The words "court and general meetings have been adjourned" are misleading and I assume they relate to the previous meetings but I'm sure some may think they now only need to vote on the Extraordinary meeting.
Just received from HL at 4.44pm
''Your Shanta Gold shares
''Dear Mr XXXXX
Following our previous correspondence sent earlier today, please note that any voting instruction that was submitted for the previous meeting is no longer valid and will not be submitted at the new meeting. Please follow the steps below before 6pm on Wednesday 27 March 2024 to submit a new vote on the increased offer at the meeting on 4 April 2024.
Saturn Resources Ltd, a wholly owned subsidiary of ETC Holdings Ltd, have made an increased and final offer to buy Shanta Gold for 14.85p in cash per share. The court and general meetings have been adjourned.
Shareholders will vote on the takeover at meetings on 4 April 2024.''
So much for the RNS'd statement from Shanta regarding there being no need to recast our votes as previous votes will be valid! 😡😡😡
I don't look on here very often as I have only a few remaining shares.
I was notified by HL today at 0821 that I had until 6p.m. tomorrow to vote.
NO NO NO by me and awaiting email confirmation of all 3 instructions.
All the best, particularly to those long term investors that paid a lot more than the revised offer price.
Concerned by all your posts about the votes disappearing on your different platforms, I messaged support on Charles Stanley Direct, as they don't have anywhere on the site I can check this manually and they assured me the votes still stand.
"Many thanks for your message. I can confirm that you are not required to provide any further instruction for the rescheduled Shanta Gold Resources meeting, and that you votes are still cast as No."
'… what anyone thinks will happen, medium term, if this is not voted through??''
Well I suppose the Patels could use their crooked contacts in the Tanzanian Government to totally f8ck us, but I'd rather that personally than they get their greasy little mitts on our company 'on the cheap'!!
Not long to wait now in any case!?
(Just remember to re-check your Votes have still been counted before the deadline!!!! )
Received this response from HL concerning my enquiry as to why we have had to vote so many times.
Unless I've read this wrong, it appears that the requirement for us to have had to re-vote on numerous occasions has been Shanta led!!??
''Dear XXXX
Thank you for your message,
No, the takeover is happening between two companies which we are not a part of, we need to await updates from the respective companies before we forward them on to shareholder so they know how they are affected.
If Shanta have decided to postpone their AGMs and have also then subsequently requested new votes then that is their prerogative. Ultimately, we required 4 different instructions from yourself due to the fact we receive 4 communications, you need to ensure you are still happy to proceed based on each instruction as there could potentially be slightly different terms described in each of the votes.
I hope this has been of assistance. If you have any further questions, please reply by secure message from your HL account or send us an email. Please note that attachments we send will only be available to view on our website and not on the HL App.
Warm regards,
Alexander Wilson''
Does anyone else read this the same as me or is it just me? 🤔
Just voted for the 3rd time on HL!!!!. NO NO NO. Hopefully for the last time in relation to this particular debarcle.
I actually don't want to think ahead at the moment. My feeling, sadly, is that they'll get it through this time and it would be really tough if it was by a slim margin and we felt diddled because of the voting problems that are obvious to everyone. But Liberum have not responded to my email alerting them to the problems and they're the ones who should be acting in our interests to ensure fair play. Hargreaves haven't come back to me yet on a message marked URGENT so what more can we do at this late stage. If BOD abort the meeting before Easter then we'll know we've won. If not then I will anticipate the worst.
If we do win I think we should convene an EGM and vote the lot of them out.
GLA
… what anyone thinks will happen, medium term, if this is not voted through??
That they are recommending no. Hopefully this will help our cause....