Member Info for Barry5

Good news indeed. Those amateurs at Trinity now need to cave in and do what they signed up to do.

Thanks Steve. Hopefully, I'll only be selling when DEST accept a huge takeover bid! Until then I'll just keep dreaming.

Amateur hour in the Trinity Board Room. Those Norton Rose letters are tough, including

Irrevocable Undertaking means inter alia "not to accept, agree to or give any undertaking in respect of, any offer, scheme of arrangement, merger". What were BOD and their advisors thinking. Plainly they weren’t!!!

"Please maintain, preserve and stop any destruction of all communications and documents (including electronic

communications and documents) arising out of or in connection with i) the Touchstone Offer and/or ii) Lease

Operators Scheme and ensure that no such communications and/or documents are altered, lost, destroyed or

disposed of. or other business combination made or proposed to be made in respect of your Trinity shares by any

person other than Touchstone." Do TXP think this has been going on?

BOD and major shareholders gave Irrevocable Undertakings and, on that basis, documentation was drawn up and approaches made to the various authorities. Unbelievable.

TXP have instructed Norton Rose to send "you've been naughty boys/girls " letters to Trinity directors/shareholders who, despite having given irrecoverable undertakings to vote in favour of our acquisition, nevertheless indicated that they would vote in favour of the other lot. Very tough letters indeed and looking like amateur hour in the Trinity boardroom.

Rooster, your broker should be in touch with you to tell you that your shares have moved . Brokers may act differently. I'm with HL and I'm hoping my holding will still appear in my normal share account, albeit probably at nil value. I'm also hoping that HL will facilitate any buy/sell instruction because if not, I don't see how we would be able to sell them since we don't have any share certificates.

Rooster, You ought to be able to still sell today before the company goes private tomorrow. There are buyers around, probably BOD members mainly. But, obviously, the SP is rock bottom.

Alternatively, you can hold and become a shareholder in a private company which will be offering a matched bargain service for buyers/sellers through the JP Jenkins facility. If something really big/good happens you will then receive a slice of the pie.

The shares will be moved out of your ISA and, I assume will be transferred to a normal share account. If you sell after tomorrow any sale proceeds or dividends will be subject to CGT or income tax so the ISA protection will be lost.

Hope that helps.

Looks to me like we hold all the aces. Looks like we're treating Trinity like a Headmaster treats naughty boys.

Whouse, I think the fiance analogy isn't quite right as I expect as to dispense with Trinity's management when/if we ever took control.

I own some TXP shares. IMO I don't think TXP will change the terms of their deal. Many shareholders believe that we should not have bid for Trinity in the first place as our BOD have not got any where near getting value out of own assets and that the Trinity deal will be a distraction from that. If Trinity accept the new offer we anticipate that our SP to rise. Obviously, AIMO of course. But interesting development and we'll see how it all plays. GLA

Your hope confirmed McMuff

A short video is what is needed so that investors can see what this is all about

Very sensible comment leematt. Everything will one day get back to normal. The only thing that I disagree with is Russia being accepted back into the fold. I think there will be trade with Russia (as there still is despite the sanctions) but he will always be considered as a war criminal and, therefore, will never set foot in the West again so no more visits to Buckingham Palace and 10 Downing Street.

I agree totally with what you say about Ukraine. It has always been 50/50 split between Russian backers to the East and Western leaning, yes on the West. US interference in 2014 and NATO expansion was always going to lead to either an uprising or invasion. There should have been peace when it was on the table 2 years ago. Maybe we would have had our sale by now then. GLA

BOD should have nipped this in the bud last week.

Well that was a fun few days.

I haven't posted on here for some time now as there was nothing to say and nobody knows anything apart from pure speculation and wild guesses. It was very tempting to sell at over 7p but I've been here since 2019 and will hold to the end, hopefully not a bitter one. GLA.

Sensible comments Chris. I don't disagree. It is a mess and Shishir must take responsibility for getting the company into this state. But I guess we are where we are. I certainly couldn't fault any shreholders who feels that the time is right for change but the question is what is the best way to effect that and is it already too late. We could really do with the VAT repayments coming through smartish.

I listened to the webcast. I thought it was rather shambolic and amateurish but I feel their passion and desire to turn things round so my feeling is that, at this stage, we need to give BOD a chance to pull it off. Changing the board at the bequest of annoyed family members is not IMO the way to get value out of TGR so I have voted against all the motions put forward through the HL shareholder meetings tag. GLA

Thanks Chris for sharing your extremely comprehensive notes of your meeting with GMS management for us all to read on LinkedIn. I've only been invested here for 6 months but have been gradually increasing my position since then. I like the GMS investment case which IMO still has legs in it and the positives of the (hopefully successful) refinancing of the bullet payment next June and then, if all goes well, the prospect of a dividend in 2025/26. What's not to like as long as it doesn't run out of steam.

GLA

The CFO will be gone following the "evolution" of the Board. A beefed up Finance department will be a necessity and I'm sure that the search for his replacement is currently ongoing. Expect a big hitter with significant bio science experience.

Both calculations in the RNS are wrong with the same type of error. So the same mistake was made twice which means it isn't a simple calculator error. Probably a formula error on a spreadsheet but even simple calculations should be double and triple checked when informing the market. Maybe he did it deliberately knowing he's getting the elbow next week!!!

I'm out now. Prepared to take a small hit on the SP as really can't be bothered to wait around for all the regulatory procedures and permissions to complete and I'm not interested in hearing form this BOD or their advisers ever again. We have been shafted. There can be no doubt that the AGAINST figure was significantly understated because of the confusion over the voting but I guess we will never know. I'm probably going to scale down the risk in my future holdings, especially on smaller AIM companies as that cesspit seems to be getting ever worse. But, hey, I did make some money so not the end of the world. GLA and may see some of you again on other forums.