Member Info for AK57

The new premier group... the combination of the 3 companies.

One important information is missing from today's announcement is :-
What's the market cap of the group? is it £1B, 2B .... 4B?
Why TD didn't provide the new value of the group?

I read the following as Premier's shareholder will receive minimum of 5% and maximum of 5.45% for the total market cap of the Group.
""\""
Immediately following completion of the Transaction, and assuming full take up by Existing Creditors of the partial cash alternative and assuming no Top-Up Election, the shares in the Combined Group would be held as follows:

§ Harbour and other Chrysaor shareholders: 83.92 per cent (of which Harbour 39.02 per cent)

§ Premier stakeholders: 16.08 per cent (comprising Premier shareholders 5.45 per cent, Existing Creditors 10.63 per cent)

Immediately following completion of the Transaction, and assuming no take up by Existing Creditors of the partial cash alternative, the shares in the Combined Group would be held as follows:

§ Harbour and other Chrysaor shareholders: 77 per cent (of which Harbour 35.80 per cent)

§ Premier's stakeholders: 23 per cent (comprising Premier shareholders 5 per cent, Existing Creditors 18 per cent)
""\""
Any thoughts ?

For now the share price are stable; if POO is between $50-55 then is not good deal. The shareholders can vote NO but until then HAPPY will not see 10p or 5p as he was hopping for.

Thanks HeresHopin,
I'm adding more at this sp. Just bought 20000 shares.
GLA

Does anyone know, how much will be?

Adieu sad and downhearted man!

https://investegate.co.uk/premier-oil-plc--pmo-/rns/proposed-merger-of-premier---chrysaor-holdings-ltd/202010060700192102B/

Wow

news imminent!

https://investegate.co.uk/premier-oil-plc--pmo-/rns/stable-platform-agreement-extended/202010010700066957A/

Agreement extended!

Derampers where are you?
Are you hurting? lol

“”On Friday, hedge fund ARCM (Premier’s biggest creditor), was scheduled to auction the oil company’s debt worth £157 million at 56.51 pence to the pound. The outcome of the sale, however, has not been disclosed so far. “”

https://invezz.com/news/2020/09/25/premier-oil-wants-its-debt-holders-to-extend-a-waiver-beyond-september-30th/

Any news about the outcome of the auction??

Thanks for sharing...
Who’s the source with knowledge of the matter? Is it TD?
Why shareholders don’t know first about these matters?

Happy, You’ve been happy deramping in this bb for longtime now; why are you doing it and for what purpose? Why are you so constantly negative in everything you say?
Please answer me?

am hopping for good news and good luck to holders....

Happy,

You’ve been happy deramping in this bb for longtime now; why are you doing it and for what purpose?
Please answer me?

"AK maybe pmo will let go of TD."
I hope so asp... He must step down or will be pushed?!

“I wonder what a takeover price would be?”

I don’t think TD will let go of Premier Oil.