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Onek.. volumes on here don't mean anything regarding this proposal. This will be decided in the dark. But appreciate the emoji s
🤣you think they may have accumulated 29.9% of the share issue in the past few weeks ðŸ¤You’ve seen the volumes here over the past few months right🤔
Aidan- Thanks. Unfortunately as you intimate, that still leaves us up in the air.
Is it possible that the potential offerer may have accumulated the number of shares they wanted anyway over the last few weeks, and would no longer need to make an offer?
In which case we could still be in a viable listed proposition, which when the situation is clarified becomes attractive once again.
For those asking questions - they are all answered in the last RNS - but to save you reading the two bits that matter are:
(1) Tintra Shareholders should note there is no certainty at this stage that any tender offer will be made. Accordingly, shareholders are advised to take no action at this time.
(2) As is customary under Rule 2.8 ... within the next six months following the date of this announcement
Nothing * = Rather
Hi P - I am with ii, and have only received one email from them re the Nov EGM.
The whole affair is nothing confusing and galling.
Hi All, I am with interactive investor, I haven't received any email yet about the offer. I just want to get out and use cash for something else. Anyone using interactive investor received an email regarding the offer?
Thanks G
Does anyone know if there is any kind of confirmed timetable for action regarding the tender offer, or in fact on anything ?
There is a lack of confidence, given the prolonged wait. We are more than deserving of more concrete information. Come on RS like seriously!
When the RNS came out I said I suspected that the market would not respond too well - seems I was right - the issues are (I think) that (a) we don't know when the offer will come and (b) there is no guarantee that if you want to take up the offer you will be able to do it with your entire holding. So people run the risk of being locked into an untradeable share. That said, once the offer is actually made, I half wonder if the price MAY go above the offer price as people who DO want to be part of the company take the only chance they will have at low level to buy in.
That may well be it lol
Steemy .. maybe the answer is that we are both invested in QBT :-)
I was wondering the same. I had an email today from my broker (AJ Bell) with an update about the possible tender and de-list from AIM. They seemed pretty clear in what they said.
"Under the proposed terms of the offer, you will be given the choice to tender your shares to LRB 35 Limited at a price of GBP1.50 in exchange for each share held."
Seems like a no brainer to me, but then so did investing thinking we would be at $11 a share due to the HNWI.
Why the share price is not higher. Is it the risk of getting trapped in a private company for an indefinite time ?
Even then there is 50/50 chance you might be able to exit at the tender offer which i assume will be £1.50
It surprised me there is not more demand. I have been picking up a quantity over the last few days adding to my total, and it is obvious how tight the market iis.
Can anyone help me here.
Can’t sell sipp will have to pay the tax which I don’t want to do
Could sell SIPP and buy in normal account beforehand
For me will have to take the tender offer as my shares are held in my Sipp and will not allow me to hold unlisted shares , which is a shame would have love to hold on to them as I do see good value long term.
I’m so not into all this waiting around. I predict it’ll be undersubscribed too
I think it’s just a mechanism to get unlisted and only PIs will subscribe. Not sure on PI ownership. Gut feel massively undersubscribed.
Anyone any ideas
1. If the tender will be over subscribed .
2, how long will it be to re-list again
Additionally, the more shares they can buy on the market sub £1.50 the less they will need to buy at £1.50 so it's not surprising to see deramping to give them a hand...
This company is about the future. I'd hazard a guess that long term investors won't mind at all whether it is listed or not. The move to delist is for the benefit of private equity and indeed it has been widely discussed on here already how usually this sort of company at this stage in its growth journey is normally in the hands of private equity rather than publicly listed.
The bait has been cast. Now a 6 month wait to be told it’s all off. Don’t believe for one minute all the large holders will not want the freedom to deal on the open market. This is when the power of the majority holders will come into play.Bwtfdik
GLA LTH talk again in 6 months.
Taken off AIM and so private company is your choice. Its a removal of choice to the average PI, Shearer could have raised on AIM but no he obvious doesn't like the responsibilities of being a listed company.
The Board considers that Tintra would be better able to raise the capital it needs to develop the business as a private company. As such the Board of Tintra intends to convene a general meeting of Tintra shareholders in order to obtain the requisite approval to effect a cancellation of the Company's ordinary shares to trading on AIM, in accordance with Rule 41 of the AIM Rules for companies (the "Cancellation"). A further announcement will be made when a circular to shareholders is published in connection with the Cancellation, it is expected that this will be during November.