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Also looking forward to this being over with and turning my back on AIM forever. I have, though, just called Barclays to cast my 104,000 "no" votes again, which they confirmed was prudent so as not to risk my previous votes not being carried over.
I'm at the stage where I am looking forward to it being over tbh. The opportunity cost of continuing to hold Shanta shares over the past three months has been quite considerable. Here's hoping we can achieve a satisfactory outcome but I'm ready to move on.
Lucky I read this board I had no idea there was another vote to reject.
2 days until we find out if we get shafted, hope everyone's limbered up ready
What other underhand cards they are going to try and deal. the sooner this fails the sooner their position becomes untenable
Crystalvoyager ---------"falls short of the LSE Code of contact for AIM listed companies"
Presume you mean Code of conduct?
Let’s make sure to read the terms each time they put this to the vote. I fear one of these days they will turn the question on it’s head to something like;
‘Do you wish to vote against Bidco’s proposed takeover?’
It’s possible to make a complaint to the London Stock Exchange.Its on their website at the bottom under whistleblowing. Link here mailto:aimregulation@lseg.com. I am sure the recent actions of the Patels etc falls short of the LSE Code of contact for AIM listed companies
I have just voted "NO" with my 1,2m shares for the 4th time. HEY ERIC, HOW ABOUT COMING OUT FROM UNDER YOUR ROCK AND GIVING US SOME DRILLING UPDATES SO WE CAN SEE HOW BADLY YOU'RE TRYING TO SCREW US.
Thank you for the heads-up. I thought that surely I had no need to vote again, that I was up-to-date, but no, there are indeed more votes required. This feels manipulated. I wish there were some form of public censure and redress as there is little likelihood that PIs have come back and checked their platforms and voted again.
Same as Mattyboy, seem Hl on my account also report,...
''SHANTA GOLD LTD 27/03/2024 Ordinary General Meeting No instruction given''
so 4th vote for me too. But HL DO NOT send their "you have a private message" notification, left to the customer to find.
So not sure if it's HL's flaky systems or SHG . Either way guess I'll be checking and voting each day hence forth to may sure !!
Yes, ii sent me three emails overnight - 3 different SHG votes, EGM, OGM, CMM.
Having looked this morning at your posts, i have just logged in to interactive and sure enough i too have another voting slip pop in. what the hell is going on. anyway needless to say they have got another big fat no from me. surely if this all collapses they have to leave, or be sacked...absolutely scandalous
Email to sfo
I should like to bring to your attention what look like very shady dealings by a Mauritian company attempting to take over an AIM London listed company on the (exceedingly) cheap.
I am told that communications to the Court in Jersey presiding over the voting on the matter are routinely ignored and, after all, they are merely counting votes on the scheme and not judging the merits of it. However it is surprising if they are not concerned about what looks like manipulation of those votes.
I trust that you would be interested in looking further into the matter and would be pleased to provide further detail of what appears to be questionable behaviour by the bidding company along with insider(s) in the company.
PS I am not going to bother with Action Fraud as I recently raised a clear cut case with them but withholding the most obvious piece of evidence (the bank account details) and have not even had a request to provide those.
I for one have had enough of this sh8t!!!! 😡😡🤬🤬
I've emailed Tom Grace at the Takeover Panel again tonight as I cannot believe that this behaviour isn't in breach of the Takeover Code somewhere ?!?!?
As before, I will report back once I get a response.
we’re all mugs really. the share price has been suppressed for so long,now we know why.for years liberum had a target price of 35p,now we’ve all piled in the’re asking us to accept a takeover bid of 13.5 p then ******* us around with the voting when not getting their way.i won’t be investing in aim companies again if this sort of behavior is deemed acceptable
The Ordinary General meeting must have popped up yesterday. It is obvious that adequate notice has not been given. Somebody has screwed up big time and the BOD/advisers must be held accountable.
Just checked my HL Account to find this!!!!
''SHANTA GOLD LTD 27/03/2024 Ordinary General Meeting No instruction given''
What the actual F8CK!!!??! 😡🤬😡
That's the 4th bloody vote now!!!! 😡🤬😡
Hope it helps you voting no as I think this is way to low an offer imho ,20p more like to start
Mimbrit -----------
Suggest you copy your e mail to the Serious fraud office ( government) at:
public.enquiries@sfo.gov.uk
Also the police fraud department operates as Action Fraud and can be contacted on
0300 123 2040.
My experience is that all e mails to the Guernsey Court are routinely ignored.
This entire voting procedure is a complete disgrace beyond a joke.
Thank you for your post. I checked and lo and behokd another request of vote has popped up in my hl account in between the first i voted and the second i voted only the 21st..really strange as it wasn't there when I voted last time ..
Email to the court
Further to my email of 18th March, many private investors are confused by a new vote on an EGM of Shanta Gold.
The company stated quite clearly by RNS that our original votes would stand yet brokers (many without notice to their clients) have made 3 or 4 different votes available stating with each new one that our vote has NOT been registered.
As many private investors (who account for 21% or more of the shares in the company) will not have had notice of the latest (different) vote, there is the potential for a distortion of the numbers voting against the inadequately increased offer by Saturn. It's also a little cynical of the company to extend the short voting period when that extension largely comprises a major public holiday.
My personal opinion is that the vote should be postponed to a later date and that shareholders should be made fully aware that their original and/or later voting intentions will both be counted; this will also provide time for the company, which has hitherto been silent, to announce important pending news and results which evidently would impact the share price artificially frozen by the pending offer.
Same on HL, but no email from them informing holders of yet another action to vote on.
What an utter dogs dinner.
Yet another new vote request is showing up in my email today from IG: "TO GIVE AUTHORITY TO THE DIRECTORS OF THE COMPANY TO TAKE ALL SUCH ACTION FOR CARRYING THE SCHEME INTO EFFECT AND TO AMEND THE ARTICLES OF INCORPORATION." The deadline is the 27th March - only giving people 4 days and hoping they're distracted by the weekend seems pretty nefarious.
I'm holding for sure.