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27 February 2017 AFRICAN POTASH LIMITED ("African Potash" or the "Company") Fundraising and Directors' Dealings Further to the announcement made on 6 February 2017, African Potash, is pleased to announce a further subscription to raise £26,550 before expenses (the "Subscription"). Pursuant to the Subscription, the Company will issue 59,000,000 new ordinary shares of no par value (the "Subscription Shares") to raise £26,550 (before expenses) at a price of 0.045 pence per new ordinary share. The proceeds from the Subscription will be used for working capital purposes and to further support and develop the Company's fertilizer trading business. In addition, three of the directors of the Company's (Peter Hain, Mark Simmonds and Simon Dorling) have elected to take their current fees in shares. Accordingly, the Company has also agreed to issue a total of 118,888,888 new ordinary shares of no par value to these board members (the "Fee Shares"). The interests of the directors in the Company's ordinary share capital following the issue of the Fee Shares, are set out below: Following issue of Fee Shares Director Number of Fee Shares Number of Shares Held % of issued Share Capital Chris Cleverly 0 6,000,000 0.36% Simon Dorling 40,000,000 42,075,000 2.54% Peter Hain 38,888,888 38,888,888 2.35% Mark Simmonds 40,000,000 40,000,000 2.42% The Subscription Shares and the Fee Shares which will, on issue, amount to 10.75% of the enlarged issued share capital of the Company immediately after the Fundraising, will be issued on or around 27 February 2017. The Subscription Shares and the Fee Shares will rank pari passu with the existing ordinary shares. Following the issue of the Subscription Shares and the Fee Shares, in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company will have 1,654,510,732 ordinary shares of no par value in issue each with voting rights. The Company does not hold any shares in treasury. The above figure of 1,654,510,732 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
last holdings notice for Gatemore Capital Management LL was increase of 500,00, another similar ammount just popped up
22/nov/16 proposal for a new distribution centre in the West Midlands
Maybe bad rsn now so mates can buy low before good news announced?? 22 November 2016 The Company's planning appeal and revised application to develop a new central hub in the West Midlands remains under consideration by the local authority and DX now expects a decision by mid-February. A further update on this will be provided in due course.
As a result, the entitlement of the Capital Shares is zero
The IPO Pre-Subscription Offer consists of the issue of short-term notes that convert to shares and options of Arria NLG Limited upon listing on NZX in consideration of a minimum investment per investor of the New Zealand dollar equivalent of US $500,000. The Pre-Subscription offer was set at NZ $1.00 per Offer Bundle ("Bundle"). 57p
M&G High Income Investment Trust PLC : Dividend Declaration Wed, 18th Jan 2017 M&G High Income Investment Trust P.L.C. Dividend Announcement M&G High Income Investment Trust P.L.C. announces that at a meeting of the Board of Directors held today, it was resolved to declare a second interim dividend of 1.55p (2016: 1.60p) per Income Share, in respect of the four month period ended 31 December 2016. The dividend will be paid on 24 February 2017 to Income Shareholders on the register at the close of business on 27 January 2017. The ex-dividend date will be 26 January 2017. The dividend will also be payable to holders of Income & Growth Units and Package Units
could drop be due to easytherm fiasco. A total of 2,231,708 new Ordinary Shares have been allotted to the vendors of Easytherm and the holder of the outstanding loan (the "Consideration Shares"). The Consideration Shares are subject to a 12 month lock-in deed whereby the holders have undertaken not to sell, charge or grant any interests over any Consideration Shares held by them and a further 12 month orderly market agreement whereby the holders have undertaken to make any disposal through the Company's brokers. Application has been made for the Consideration Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8 a.m. on 26 November 2015.
I calculate these guys have more cash (25/30%) than at IPO Jan 15 two years ago, clean shell, buys showing as sells. We had RMB 62.7 million (about £7 million) in cash on the books as of the end of the interim period, and recently contracted to sell our two existing assets, both at premiums to their purchase prices, back to their founders. Consideration for the smaller one, JXT, should be fully paid by the end of the calendar year, while the larger, Victory, is being paid in 12 equal monthly instalments. Thus, by year-end we should have a significant war chest of cash in the bank for further investments in 2017. As notified on 30 September 2016, we disposed of our two investments: Victory and JXT. These disposals triggered paragraph 5.6 (sub-paragraph 2) of the AIM Note for Investing Companies, and as such we became treated as an AIM Rule 15 cash shell. In accordance with AIM Rule 15, we have 12 months from 30 September 2016, i.e. approximately 9 months from today, to implement our current investing policy or make an acquisition which would which would be a reverse takeover under the AIM Rules. NAV per share as at 30 June 2016 stood at RMB 8.53 (vs RMB 8.42 at 31 December 2015) ie £1 Grand still had cash in the bank of RMB 62.7 million as of the end of the interim period. As of early December, proceeds from the sales of our Victory and JXT investments have been coming in on time, and cash has grown to an (unaudited) figure of RMB 103.6 million.
late 5pm rsn maybe due to time differences in US "might" mean perhaps more trading when they wake up another
Could it be USA time difference that caused the late rsn yesterday??? Today, the U.S. Supreme Court announced that it had denied the Government of Belize's petition for certiorari, rendering the May 2015 judgment in favor of Caribbean Investment Holdings final and not subject to further judicial review. This victory clears the way for Caribbean Investment Holdings to collect on the judgment against GOB. That judgment, including interest, is currently worth approximately U.S.$ 27.5 million.
CARIBBEAN INVESTMENT HOLDINGS LIMITED ANNOUNCES WIN IN U.S. JUDICIAL ACTION Belize City, Belize, January 9, 2017 -- Caribbean Investment Holdings Limited (London - AIM: CIHL; Bermuda - CIHL) Caribbean Investment Holdings Limited (formally known as BCB Holdings Limited) and The Belize Bank Limited (collectively, "Caribbean Investment Holdings") have achieved a win in a lengthy process to achieve judicial recognition in the United States of an international arbitration award rendered in London, England in August 2009 against the Government of Belize ("GOB"). Caribbean Investment Holdings commenced proceedings in Washington, D.C. to enforce the London Court of International Arbitration ("LCIA") award in July 2014. The U.S. District Court granted enforcement of the award in favor of Caribbean Investment Holdings and rejected all of GOB's challenges to the LCIA award in a decision dated June 24, 2015 and issued a judgment dated July 1, 2015. GOB appealed that decision to the U.S. Court of Appeals for D. C. Circuit. In a decision dated May 13, 2016, the D.C. Circuit affirmed the judgment in favor of Caribbean Investment Holdings and rejected all of GOB's arguments on appeal. GOB then sought review by the United States Supreme Court. Today, the U.S. Supreme Court announced that it had denied the Government of Belize's petition for certiorari, rendering the May 2015 judgment in favor of Caribbean Investment Holdings final and not subject to further judicial review. This victory clears the way for Caribbean Investment Holdings to collect on the judgment against GOB. That judgment, including interest, is currently worth approximately U.S.$ 27.5 million.
Responsibilities of an Issuer; 27. An issuer must retain an ISDX Corporate Adviser at all times. I saw this in the ISDX rules but I don’t understand; what’s the difference between a Nomad and Corporate Adviser?