The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
01/04/2016 - 8:00am NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM Following a Reverse Takeover on AIM the under-mentioned securities have been cancelled from 01/04/2016 - 8:00am TOTALLY PLC ORDINARY SHARES OF 10P EACH, FULLY PAID (BYM1JJ0)(GB00BYM1JJ00) Is this a delist
AIM Securities in Issue The number of shares in issue is 43,470,461. The percentage of shares not in public hands is 66.97%. The following lists all holdings of 3% or larger. Shareholder Shares Percentage Intersouth Partners VI, L.P. 8,238,108 18.95% Bost-Jackson, LLC 4,650,207 10.70% Harbert Venture Partners 3,691,223 8.49% Legal & General Inv Mgmt Ltd 3,500,000 8.05% Blackrock Inv Mgmt (UK) Limited 2,142,857 4.93% River and Mercantile Asset Mgmt Ltd 2,142,857 4.93% Unicorn AIM VCT 2,142,857 4.93% MASA Life Sciences Ventures, LP 1,853,879 4.26% http://www.maxcyte.com/news/investors-content.php
I'm in:-P
Following the issue of the Tranche 7 Shares, Ellwood has a total beneficial interest in 55,591,119 Ordinary Shares, equivalent to 29.95% of the Company's total issued share capital.
Following the issue of the Tranche 7 Shares, Ellwood has a total beneficial interest in 55,591,119 Ordinary Shares, equivalent to 29.95% of the Company's total issued share capital.
Ellwood has entered into an orderly market agreement whereby until 31 March 2016, it will only sell Ordinary Shares following consultation with the Company's broker and always so as to ensure an orderly market in the Company's shares. Under Rule 9 of the UK Takeover Code ("Rule 9"), where any person acquires, whether by a series of transactions over a period of time or not, an interest (as defined in the Takeover Code) in shares which (taken together with shares in which he is already interested and in which persons acting in concert with him are interested) carry 30 per cent. or more of the voting rights of a company that is subject to the Takeover Code, that person is normally required by the Takeover Panel to make a general offer to all the remaining shareholders to acquire their shares. Following the issue of the Tranche 6 Shares, Ellwood has a total beneficial interest in 54,012,172 Ordinary Shares, equivalent to 29.35% of the Company's total issued share capital. Further, Ellwood holds 186,273,684 warrants to subscribe for new Ordinary Shares, exercisable at 0.5p per Ordinary Share ("Warrants").
TPG Creative Capital : Turnarounds: we transform firms through heavy involvement from our deal professionals and operational experts. Examples include J.Crew, Graphic Packaging, Burger King, Grohe and Myer.
sorry, I missed the link that went with it. https://tpg.com/philosophy
Mon, 21 Mar 2016 11:16:00 GMT Tricor plc ("Tricor" or the "Company") Board Changes The board of directors of Tricor (the "Board") is pleased to announce the appointment of Mr. Bien Kiat Tan and Mr. Lai Fatt Loo as non-executive directors of the Company. As announced on 31 March 2015, Tricor entered into a working capital facility agreement with (the "Agreement") with Ellwood International Limited ("Ellwood"). As part of the Agreement, Ellwood was entitled to appoint up to two nominee directors to the board of the Company at any time when Ellwood holds more than 20% of the issued share capital of the Company. Ellwood now has a total beneficial interest in 55,591,119 Ordinary Shares, equivalent to 29.95% of the Company's total issued share capital. Ellwood, which is 100% owned by Mr Bien Kiat Tan, has appointed both Mr Tan and Mr Loo to the Board. Appointment of Mr Bien Kiat Tan Mr. Tan has a strong financial background, including strategy consulting and private equity. He was the Managing Director of TPG Capital, which is a leading buyout fund in Asia and one of the leading private equity firms globally with assets under management of over US$70 billion. He founded and is currently the Managing Director of Titan Capital and Ellwood. Mr. Tan was educated in the United States at Columbia University where he received his MS and MBA and the United Kingdom at the University of Birmingham. Bien Kiat Tan, aged 60, is, or has been within the last five years, a director or partner of the following entities: Current directorships and partnerships: Directorships and partnerships held in the previous 5 years: Tan Chwee Boon (Private) Limited Titan Capital Private Limited Samson Industries Private Limited Archer International Investment Private Limited Bader Overseas Singapore Private Limited Oil Trade & Marketing (OTM) Private Limited Syntellix Asia Private Limited Ban Teck Seng Private Limited Huiyin Household Appliances Holding Co Ltd Darrington Holdings Private Limited International Brand Partners Private Limited Body Wellness Holdings Private Limited Tan Kay Guan (Private) Limited Oracle Creative Media Private Limited Appointment of Mr Lai Fatt Loo Mr Loo is a member of Association of Chartered Certified Accountants and he was awarded an accounting degree by Oxf Tricor Discussion on Interactive Investor Re: Board of Director changes Mon, 21 Mar 2016 11:47:00 GMT Ellwood, which is 100% owned by Mr Bien Kiat Tan, has appointed both Mr Tan and Mr Loo to the Board. Mr Bien Kiat Tan, founder and Managing Director of TPG Capital He was the Managing Director of TPG Capital, which is a leading buyout fund in Asia and one of the leading private equity firms globally with assets under management of over US$70 billion. He founded and is currently the Managing Director of Titan Capital and Ellwood.
I found this posted on that site today. NOVA offers Tricor warrants for sale at 4.9p each LINK Warrants over 34,000,000 ordinary shares in the share capital of Tricor Plc were acquired on 27 February 2014 for a total consideration of £2,000,000. Following the acquisition of the Warrants, Nova will hold a total of 43,000,000 warrants in Tricor, all of which are exercisable at 0.5p by 31 December 2017. 10. AVAILABLE-FOR-SALE FINANCIAL ASSET Share price at year end 7.6p Exercise price 0.5p Expected warrant life in years 3 Risk free interest rate 1% Expected volatility 185% Expected dividend yield 0% Fair value of option 4.9p - 31 December 2014 This means the warrants can be exercised at 0.50p and they will sell them for 4.9p at a fair value price as at 31 December 2014 But as you can see the share price is now half of the warrants exercise price, which also means they will not be able to sell them for 4.9p let alone 0.50p So 43,000,000 warrants times 0.50p = 21,500,000p divided by 100 = £215,000 which is the value at the exercisable price of 0.50p for 43,000,000 shares not including costs. They paid Closing cost for 2014 £2,606,787 2013 £700,299 They lost Closing unrealised (loss) 2014 £2,397,748 2013 £93,512 Closing valuation 2014 £209,039 2013 £606,787 This shows NOVA as warrant holders of TRICor lost money on the warrants and why they wont exercise them and pay more to buy the shares.
Why is there a couple of sells for 2p, does'nt it cost about £9,95 to do a trade, what is the motive behind that,any Idea Aymesco1?
Hi Aymesco1 thanks for your advice,but I wont be investing in much just at the moment til I learn a bit more. Here is one link to something that was posted,also the only motive I had was to answer the question which asked Any further Tricor thoughts? http://investorsoiree.co.uk/tricor There are quite a few on there but I will post the first one for you incase the link does not work. Sat, 05 Mar 2016 10:40:00 GMT I f you look at the amount of warrants for shares that were issued that some people on here kept referring too in past debates that expire in 2017. They were a big problem as, if they were to be converted to shares,that would cause massive share dilution. Before they decide to convert their warrants into shares, they have to look at the amount of money it is going to cost them, and then decide if it is a viable investment to do so. So the idea of the game is to make sure it is not a viable investment for the warrant holders to exercise their right to convert their warrants in to shares. This seems to be the way it is, and has been heading because the warrant holders have a huge hold over the company until they expire in 2017, so in that respect any bad news is good news for share holders until then. (in theory) This can be understood more when you research about PIK loans. Tricor claim they are working to get back on track with the iron separation plants, but again the above explanation would mean that they are not in any rush to fix that issue, IMO Other investments-well I think the same will apply for now, I think they will be doing just enough to keep ticking over till the expiry date. As for the cash shell question-why would they do that when they have a business plan set up all ready waiting to go. This is how I see things, others may have a different perspective, but the maths were all done about all this In info I posted around April 2014 I think Read PIK loans on wiki to get the theory of the game play. and to play it safe- DYOR Hope that helps as this is not mine it is just something I found. P.S Just out of interest,why have you put strong buy on your post,was that a mistake!
Hi, Im quite new at all this,but I have seen this one mentioned a few times on the shares game and thought I would have a look, there seems to be a lot of good information about this one on other chat sites coming up on a google search, with reference to it being at a good price now and warrants not being changed in to shares or something, it all sounds quite good,but I dont know enough about these things yet to comment, or to buy any shares at the moment, hope that helps.
Is this going to be suspended or delisted soon,or both in that order