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I rang Barclays yesterday to confirm my no vote again. I suspect this needs to be done if you want to make certain that your previous instructions will be re submitted by your brokers. Not sure that their systems hold instructions indefinitely, or monitor corporate action progress in a way that allows them to act on your initial requests where terms and wording of votes change.
10% uplift - is that enough??
Last night I I used the online account service for Halifax Sharedealing and voted against again
I have voted against ( again) through HL. Only being asked to vote for or against the scheme without any info on what the scheme is.A new scheme,same as the old scheme?Who knows.
Just seems like there’s a lot of scheming going on.
this is a veritable **** show. like others i have now seen that hl have the upcoming meeting on their list of shareholders' meetings and that "no instruction has been given". but what are we voting for? the same offer as before, which is crazy. bod are either useless, clueless idiots or exceeding clever and assuming that we're getting tired and can be tricked into not voting again. they may be right. but what is going on is not transparent and all hell will break loose if, by default, the resolution to sell for less than the current sp gets passed.
i have now voted again and just pray that everyone else does too.
...and if anyone else wants to email Shanta directly asking them what the hell is going on... fill your boots!
info@shantagoldltd.com
Aimregulation@londonstockexchange.com
court.reception@gov.gg
Many thanks Harrogate4
I will amend slightly (so as not to trigger any potential spam filters?) and send to the AIM Regulator and Guernsey Courts.
If someone could repost the two email addresses please I'd be grateful.
Thanks again.
On ii my vote now says expires 25/3/2024 - not much use for a meeting on 28th.
Exactly correct.
It's only a slight typing error (2008), H4, so perhaps you won't want to bother sending an amended letter -
"Fraud (Bailiwick of Guernsey) Law, 2009"
https://www.guernseylegalresources.gg/laws/guernsey-bailiwick/c/crime-and-criminal-justice/others/fraud-bailiwick-of-guernsey-law-2009/
MattyBoy1965 ------------Dear Sirs,
I am a Share Holder in Shanta Gold Ltd and, in common with most Shareholders, would like to express my dismay at the inept way that the above RCA voting procedures have been handled by Shanta Gold.
Since the RCA was imposed in late December 2023, Shareholders have had almost zero communication from the Shanta BOD or the Nominated Advisor. On 29th February 2024 Shanta RNS’d a Confirmation of Adjournment note recommending that Shareholders should “Take no action at this time” regarding voting. Most Shareholders had already voted to reject the RCA proposals because they recognized it for what it clearly was, ie an attempt to buy the Company on the cheap. The 13.5 pence per share offer from Shanta is considered to be derisory by nearly all Shareholders who have now learned at this late stage (from their brokers) that the first vote didn’t count and they will have to vote again.
The whole thing is a complete and utter shambles and a disgrace.
I am inviting the Court to carefully consider whether any of the above shenanigans constitute Fraud as defined in the Fraud (Bailiwick of Guernsey) Law 2008. On the face of it, Section 4(1)(a) which deals with abuse of position by the company in which they are expected to safeguard or not act against the financial interests of others ( Shareholders for example) would seem to be relevant here. In addition under Section 4(2) the company may be regarded to have abused its position through an act of omission rather than an act ( such as not properly communicating with Shareholders regarding voting procedures).
Shanta shareholders also have many other concerns regarding Shanta Gold’s compliance with AIM Rules particularly Rules 10, 11 and 26 and these will be put to Aim Regulation at the London Stock Exchange as I realise such matters may be outside of the purview of the Guernsey Court.
Thank you in anticipation of your consideration of these matters which are of great concern to Shanta Gold shareholders.
Cannot believe I am being asked to vote again on this debacle. 68,266 votes NO once again.
It feels like the moment I noticed some drawers in the hall were open and then noticed the conservatory window was wide open.
I just checked my HL account and my voting status has reverted to "No instruction given". No new emails alerting me to my original "No" vote now being made void!! I have now voted again. 120,000 shares "No".
Kat-079
A good point. I think what we are seeing is a disconnect between the brokers and Shanta/Saturn. My guess would be that Saturn is still fighting it out with the new investors on a deal and, as yet, has nothing to say. In the meantime, however, with the adjourned deadline fast approaching the brokers have to get their administrative processes going and send out reminders.
I have re-registered 1.325m NO votes via Hargreaves Lansdown
"Why are they saying 'take no action' when we are clearly being asked to vote again?"
From the company that told us POG has peaked, employs a broker that cuts its valuation by over 55% overnight and is doing this TO for the benefit of stakeholders as opposed to share-holders, I think we can safely ignore any voting advice that comes from the Shanta BOD. No doubt they have legally covered their a$$es with all the legal guidance they have bought.
Absolutely. Why indeed?
Why are they saying 'take no action' when we are clearly being asked to vote again?
The most recent RNS states:
"It is expected that the adjourned Meetings will be reconvened and held on 28 March 2024. A further announcement detailing the timetable in relation to the adjourned Meetings will follow in due course. The Independent Shanta Directors recommend that Shanta Shareholders take no action at this time."
So the adjurned meeting date is not confirmed as yet and there has been no revised timetable. Surely there must be a statutory notifcation period for the confirmed date?
NoelShempsky ---- I think the best answer to this is "not completely but as near as dammit"
It's similar to comparing UK Law to law in the Irish republic where they often just copy the UK legislation and maybe alter the position of a comma or two, stick a Harp at the top to represent Ireland and call it Irish law.
I have just sent an email off to my broker X-O Dealing to re-register my vote. In my case this is not a simple click on a web-site. The onus is on me to inform my brokers what is going on, how to proceed, and then pay them the appropriate fees. I wonder how many PI will be caught out by this?
The $h1tty Patels and our craven BOD lapdogs are certainly trying hard to steal the company.
I've asked my family members to also email the Court. We've all voted against, again. It's really underhand behaviour.
I need to point out that I looked only at Section 4. The rest of it might not be the same as the UK law.