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Royalty payments continue to grow strongly. Licensing activity remains a key focus, as CAP-XX negotiates new agreements and tackles intellectual property infringements. The Company expects to announce further progress in these respects shortly.
The way the above RNS has been presented, it is difficult to pinpoint it which context the word shortly is written. It could relate to the whole sentence or just to property infringements.
If the trading in moni shares ceases tomorrow I would expect the same for monif when the Nasdaq opens about 2pm our time, but I'm just assuming that will happen.
Next Steps and Expected Timetable The hearing of the petition to the Court to sanction the Scheme is expected to take place on 31 August 2017. Subject to the Court sanctioning the Scheme and the satisfaction or, if capable of being waived, the waiver of certain other outstanding Conditions, it is expected that the last day for dealings in Monitise Shares on AIM will be 31 August 2017, that dealings in the Monitise Shares will be suspended with effect from 7:30 a.m. on 1 September 2017 and that the Scheme will become effective on the Effective Date of 1 September 2017. Cancellation of admission of Monitise Shares to trading on AIM and re-registration If the Scheme becomes effective on 1 September 2017, it is intended that dealings in Monitise Shares on AIM will be suspended at 7:30 am on the Effective Date of 1 September 2017. It is further intended that an application will be made to the London Stock Exchange for the cancellation of the admission of Monitise Shares to trading on AIM, such cancellation to be effective at 7:00 am on 4 September 2017, the Business Day after the Effective Date. On the Effective Date, share certificates in respect of Monitise Shares will cease to be valid and should be destroyed. In addition, entitlements to Monitise Shares held within the CREST system will be cancelled on the Effective Date. It is also intended that, following the Effective Date and after the admission of its shares to trading on AIM has been cancelled, Monitise will be re-registered as a private limited company pursuant to the relevant provisions of the 2006 Act.rom RNS -
Money will automatically go into your nominee share dealing account. When the company announced that the takeover had gone through, they stated they expected the share-holders should receive the payout within 2 weeks