RE: Storm Harbour29 Oct 2020 22:48
Micky1
From the call option RNS dated the 25th sept
Statement regarding the call option purchased by Orchestra Group
With reference to the announcement of 24th September, "Director PDMR / Shareholding", relating to the purchase of a call option for consideration by Orchestra Group, the Company has been informed by Mr Zamboni, for clarification purposes, that the instrument is an arms-length arrangement with a regulated institutional entity which is not a related party of Orchestra Group.
Following the announcement of 10th September pursuant to the confidentiality agreements signed with its Partners and Client companies, the Company looks forwards to updating shareholders further on its business operations and their related financial impacts in the coming days.
Note where it says -Zamboni, for clarification purposes, that the instrument is an arms-length arrangement with a regulated institutional entity which is not a related party of Orchestra ( so a third party, not PFG)
it has to do with the 10th September RNS
This in particular
By virtue of the huge underserved market and the unique - proven - inventory monetisation service, the strategic Partners above
Also
The Company will provide full details of this institution's financial support, and its identity, following completion of the contractual arrangements and the advancement of the contract referred to the business streams above.
So they are not being named because of the contracts.... not the bank as I assumed...
So who are they exactly taking out....