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Denny, based on what has happened to date, the messaging from RM, the vacancies and the PDMR share purchase statement, this is what I surmise.
I would also expect more TR-1's before that date based on the late trade data we have been seeing recently (people selling shares off cheaply)
This is an exert from the FSA regulation on trading...
Directors who want to deal in their company’s shares must first get consent from their chairman or from another director appointed for the purpose. The same rule applies to the company secretary. If the chairman wants to deal, he should seek permission from the chief executive, and vice versa. Other PDMRs must apply to the company secretary or a director designated for the purpose. In each case, consent should not be given during a close period or when inside information exists, even if the person wanting to deal has no knowledge of it.
In any event, directors and other PDMRs should not deal in their company’s shares on considerations of a short-term nature. An investment of less than one year’s duration will be considered short-term, and consent to deal should always be refused in such a case.
Based on the above one would have to surmise that RM and others did not have the results on 28th January when the PDMR purchase was made (it could be as little as 1+ day later)...
This is AIM and you are looking at LSE predictions of buys and sells based on the SP at a given time (not accurate). I was looking at another share earlier LSE was showing 185p as the SP when the buy was 191p and the Sell 194p
Reading between the lines, Synairgen will post P3 results before or on the 28th February. After the Director/PDMR declaration it was never going to be before 14th Feb as to close for comfort.
The EU roles via Ashfield also indicate that Synairgen will be pushing for Emergency use in Europe as well as the USA, which greatly expands their market.
With the UK looking to drop testing and just get on with covid, it is highly likely that they will also buy SNG001 as this will mitigate deaths.
Polygon have a significant holding in Synairgen and the takeover code discusses both 10% and 30% shareholdings as follows;
When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an offeror (i.e. a bidder) in the offer period and the previous 12 months, the offer must include a cash alternative for all shareholders of that class at the highest price paid by the offeror in that period. Further, if an offeror acquires for cash any interest in shares during the offer period, a cash alternative must be made available at that price at least.
Hold onto your shares and lets hope there is no offer from Polygon before we get the P3 results!
Hi Trinity (reminds me of the matrix), a good write up summarising the current position.
Furthermore we all know Synairgen have the results and the job advertising is part of the process.
I am staying in with my 100k+ shares...
The cost to global economies and possibility of another variant means SNG will be most welcome if the numbers are anything like the P2 results.
You have to remember that there are communities living in fear of covid and last time I look thousands of people are still dying on a daily basis from covid.
Governments around the world will snap up SNG, the question will be can they produce enough to meet demand...
Results before the end of the month. Synairgen will are not like Merck, claiming 80-90% for then to come back with a laughable 30% (and that is if you manage to take in an allotted period of time).
No need to panic, just fill your boots while prices so low...