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Metalgeo, by 'help you' I mean Computershare will be able to tell you who 'holds' your shares as nominee. If it is HL then HL should comply with the Open Offer and Subscription. Also keep contacting HL until you get someone who says yes. Go higher.
Metalgeo, email Aiden (look on the EGR site) or contact Computershare, or do both. Computershare will be able to help you. Perhaps phoning them is quicker, instead of email.
Well done ii, shame on Hargreaves, they just could not be bothered to allow their clients to participate, that is the only reason, first excuse was because it was overseas which it is not, EGR is UK registered, then they said it was because EGR is private.
Hi, The Open Offer and Subscription Offer choices are now on the ii site. Go into Portfolio, Corporate Actions and click on 'Response Required' and again, 'Response Required', enter the amounts you want and send.
Good Luck Everybody.
Message from HL - not able to participate in off market open offer as is overseas
Hi, I have now read the paperwork and there are certain errors. There is no Form of Proxy, Application Form or return envelope attached, which clearly means we have to go through a broker to apply for the shares. Payment is apparently by cheque to Computershare. No, it will be digitally through our brokers.
Yes, I noted that directors are not taking up their share offer, and that the document says shares from the Open Offer or Subscription will not come onto the market. That's a disclaimer. Investing further at this time is a risk - a punt, as they say. It's not a short term purchase. Only invest what you can afford to lose.
Still of course waiting for ii to come back to me.
DYOR
ATB:)
I phoned Hl today - the corporate action team will get back to me on Monday. Also, will report back on here.
Disappointed that DH is not taking up any of his open offer entitlement at 1.5p - though he is participating in the sub for 10k worth.
Does make me think the ipo price will not be a lot higher than the 1.5p.
I have messaged ii, asking them to put the necessary Open Offer and Subscription forms on their Corporate Action page on their site, and to come back to me asap.
I'll stay on top of it and let you know what they say/do.
ATB:)
Details on the open offer now published..
https://www.errisgoldresources.com/news
Will give HL a call Today or Mon to see if they have any news on open offer. Not sure if we can participate if our brokers are unable to process the applications - will prohibit a lot of shares holders from taking up open offer if this is the case.
Sounds like new shareholders coming in board and seem to remember this being mentioned on here previously. Wonder who?
Assuming c80m shares in issue post raise then EGR will have a £1.2m valuation at a price of 1.5p. Probably have to raise more funds at IPO but hopefully at a higher price!
Doorstop123, call them. I find the staff of H&L very helpful. Takes a while to get through over the phone, due to Cov. Only spoke to them yesterday to clarify something with them.
No idea if open offers can be taken up through brokers such as HL??
My EGR shares appeared in HL accounts today but no messages from them re open offer.
Hello all. Am I right in saying the offers to invest further will be sent to our personal home addresses and not through our share holdings accounts?
Thanks!
Ref EGR, No idea on relist price. But, from the informal chats I’ve had with aiden, the CEO, it wouldn’t surprise me to see an ipo anywhere in the range of 2-5p. Though with the increasing cobdidence they’re getting around significant mineralisation up there, I’m expecting EGR when it does relist to be enormously popular.....
I’m hoping to take up my full entitlement if i can....
Also interesting is their comments about wanting to build a portfolio including Western Europe.....
L.
Hello All, sorry for infringing on Zinnwald's thread. There's no relisting date mentioned in the Investor Presentation Doc.
Hope everybody's staying safe,
ATB:)
Any idea what price EGR are hoping to re-list at?
21st jan rather
Open offer and subscription documents should be up on website later today
Offer will run until 21st feb too....
Shares going to be offered at 1.5p per share
L