Haha. Tinkler.
Tinkled. Not Hoskings.
We only know the immediate reporting. We don't know his, and perhaps others, full intentions. With the divesture dependent only on Flybe and Connect, and the Credit Card payments dependent on the divestiture agreement, it is time limited, and Hoskings ( it appears ) is so far only suggesting support if the deal fails in a 'highly conditional' way. In short, I have no idea what they're at. I agree, I think legal action is required to stop the deal, unless somehow the conditions are not met. But both parties can agree to waive the conditions subject to bank/credit car approval.
An injunction to thwart the deal carries risk, as if further damage is caused to the company, or Connect, then there will be a liability on a failed full hearing to bear the cost plus.
http://www.cityam.com/272618/former-stobart-boss-andrew-tinkler-makes-capital-injection
https://www.sharesoc.org/investor-academy/advanced-topics/nominee-accounts/
For info, nothing new but mentions shareholder rights campaign.
https://www.sharesoc.org/blog/nominee-accounts/voting-your-shares-its-important/
£614k at 93p at 1630. Possibly one relates to another. I don't know. It's all too much.
Fairly major I should think!
Maybe a RNS either way. Whatever, shares starting again.
Crikey. £465k now at 93p.
And again. Loads changing hands.
Anyway, Castleton Australia looks to be going in right direction. They said when they bought Kinetic they anticipated it would be earnings enhancing this financial year.
We're doing alright. Big delayed, red one there - but we gone up since then, so if a sell somebody picked them up.
I think CEDRM might also be a building block in Australia, as it was in the UK.
And the Agile mobile solution comes free end of March, saving £600k a year, in accordance with the licensing agreement with the now defunct 365 Agile. As stated by RNS, there will now be no final 'extra' payment to finalise the licence agreement.
Goes from strength to strength.
4th. January ( I missed this one )
Since the acquisition of Kinetic Information Systems Pty Ltd back in late December 2017, Castleton Australia have grown from strength to strength. Kinetic already had an established reputation for delivering quality software and services, and with the Community Housing sector representing significant growth, we are now able the use the capabilities of the Group to serve existing and new customers better.
Project news
Based in the capital, Canberra Housing Company have commenced an implementation project of both our Housing and Agile solutions. Canberra join a number of other implementations scheduled for go live in 2019 including Community Housing Ltd and Housing Plus. This comes off the back of a busy end to 2018, which saw the team assisting Link Housing with its stock transfer project and undertaking a re-implementation of Compass Housing’s Housing solution. Furthermore, the Castleton Agile solution looks set to transform Community Housing in 2019! Six customers in January alone are set to integrate the mobile solution.
Staff
Russell Budgeon returns to the fold and taking up the reins as Product & Delivery Director. Russell brings with him a wealth of software implementation and housing experience and will be instrumental in leading the operations team and is it continues to grow. The new year also welcomes new roles within the company, including a Technical Consultant, who will play a pivotal role in the deployment of Agile.
Sydney office
Castleton Australia recently re-located to new offices, based North of Sydney. Our office has already played host to a number of meetings and demonstrations with our customers, partners and prospect customers.
The company, so far as I can see, has complied with the relevant sections of the Companies Act in respect of electronic notices of meetings, including the transfer of listing. So what is being sought is a 'breach of contract' resolution?
Yes. The 'if' is in the text.
Response to Hosking Partners LLP
Wed, 30th Jan 2019 15:05
RNS Number : 5807O
Flybe Group PLC
30 January 2019
FLYBE GROUP PLC
("Flybe" or the "Company")
30 January 2019
Response to Hosking Partners LLP
Further to the announcement on 28 January 2019, Flybe Group plc ("Flybe" or the "Company") has today responded to the correspondence received from Hosking Partners LLP referred to in that announcement.
Flybe has informed Hosking Partners LLP ("Hosking") that the documentation as received is not a valid request under section 303 of the Companies Act 2006 because such a request must be made by a member of the Company. Flybe has therefore invited Hosking to procure that a valid request under section 303 is submitted.
Flybe has also informed Hosking that the resolution to direct the directors to appoint Mr Kohn to conduct an investigation would, if proposed, be ineffective as the Company's Articles of Association do not confer on members the necessary powers. However, Flybe have also confirmed to Hosking, that, if appointed, a new director of the Company would enjoy the usual rights to information and freedoms of action enjoyed by all directors.
The Board reaffirms that it has acted at all times in the interests of its shareholders and all its stakeholders through an extremely difficult and challenging period.
Enquiries:
Maitland/AMO
(Public Relations Adviser to Flybe)
Andy Donald
+44(0)20 7379 5151
LEI Number: 5493005SC6523Y8KJF24
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RSPGMGFMKGFGLZM
Regardless of the background, the board are very clear.
The sale to Connect Airways of Flybe's trading subsidiaries is expected to complete by the longstop date of 22 February 2019. This will not require shareholder approval.
If the sale of the operating businesses is completed, Flybe Group plc will then be a non-trading entity with neither subsidiaries nor other material assets.
Once the sale completes, the Scheme vote will relate purely as to whether to approve an offer of 1p per Flybe Group plc share, payable direct to shareholders by Connect Airways.