Member Info for Beamer21

Ivan Teh should have bought the outstanding shares which would have been the honourable thing to do He has indeed been underhand in his back door approach to seize control of the company I am trying to separate my emotions here to help ensure I get the best outcome from this travesty of moral injustice

I have chosen to hold for the simple reason that FXI's growth strategy is paying off and for Ivan Teh to truly monetise FXI for his own personal gain he will need to list on another exchange or be subject to a takeover I am not prepared to accept pittance for my holding I would rather sit on it and hold for a better outcome

I have requested confirmation from Stifel, however, my understanding is your holding remains intact within the private company but it becomes more difficult to trade If FXI move to another exchange or are subject to a takeover at a premium you will still benefit In the interim FXI are proposing a matched bargain facility to trade shares once delisting occurs

Scam companies are not real companies. Regardless of this poor behaviour they have a good growth strategy in place Top tier institutional investors are invested too With American based advisors on board I think it's likely they will head to the Nasdaq in the future unless they are bought out before.

Whilst I'm far from happy with the underhand behaviour demonstrated by the FXI board they are not a scam company I've got friends at Dell EMC that work in collaboration with FXI

back

£30k for the time being

There is an RNS stating that both the chairman and Peel Hunt have resigned as a direct result of the proposed delisting announcement

It's interesting that the circular has not yet been uploaded electronically to the FXI website Suspension is a definite possibility I've got a fair bit invested here too - even if you choose to sell you will not lose everything as your shareholding remains intact however it will be within a private company which means it cannot be traded as easily as now hence money is tied up Fusionex will almost definitely head to another exchange in the future or will be subject to a takeover either way will facilitate the opportunity to trade or cash up hopefully with a profit K&L Gates have been advising Fusionex on this matter and it might be worth contacting them - 1 new change, London, EC4M 9AF Martin Lane (Martin.lane@klgates.com) and Paul Tellow appear to be the key contact partners within K&L's AIM advisory practice which I assume is the division advising Fusionex

possibility tomorrow if Stifel resign too

advisers and brokers not agreeing with Ivan Tehs strategy - why were these two holders of more than 5% not disclosed before? The joint broker and public relations adviser to Fusionex have both quit in protest at a backdoor attempt by its Malaysian founder to seize control of the technology company. Peel Hunt and Buchanan resigned over a plot by Ivan Teh, who is also Fusionex’s chief executive, to cancel the company’s listing on the Alternative Investment Market, leaving minority shareholders in the lurch. Fusionex waited until after the market had closed on Friday to disclose the scheme. Mr Teh owns 41 per cent of the £71 million group but is said to be backed by a senior Fusionex employee, Chen Keat Ming, the holder of a further 13 per cent. Another 5 per cent is held by Quek Tuck Loong, an investor since its flotation in December 2012. Mr Teh needs 75 per cent support at a shareholder meeting in Malaysia on June 15 to drive the delisting through, a move that would leave minority investors with hard-to-sell shares in a Malaysian-controlled unquoted company. Given the typical turnout at shareholders meetings, Mr Teh may be able to count on enough backers already. Fusionex told its two brokers of its plans on Wednesday night, leading to a row with Peel Hunt, which promptly quit. Its name was absent from Friday’s announcement, which was issued by the nominated adviser Stifel, the other joint-broker. Peel Hunt has been a broker to Fusionex only since September. Stifel came on board in February. Buchanan PR also quit and insisted that its name did not appear on the statement. Peel Hunt and Buchanan declined to comment. It is thought that John Croft, the company’s non-executive chairman, is unhappy at Mr Teh’s plans, though neither could be reached for comment. The biggest non-Malaysian investors are Credit Suisse, with 3.6 per cent, the West Yorkshire Pension Fund, with 2.8 per cent, and the National Farmers’ Union, the holder of 1.5 per cent. Credit Suisse declined to comment, while the NFU said that it “monitors all of our investments”. Baillie Gifford, a smaller shareholder, also had no comment. Fusionex’s statement said it was delisting as the directors believed that for the past 15 months “the performance of the company’s share price has been disappointing”, down from about 350p to 129p, below the 150p at which it joined Aim. It attributed that to a “lack of liquidity”, something exacerbated by the “political uncertainty in Europe”.

to both the FXI board and KL Gates, the UK based lawyers who are advising FXI on this matter I'm thinking that their nomad advised a different strategy Still think that Ivan Teh may need to salvage his reputation and come up with an alternative strategy - this behaviour will not reflect well on his ability to engage with institutions in the future Will check to see if the circular has been uploaded to the FXI site as promised Sadly it seems that this scenario will provide an opportunity to short FXI

There may be a reason that the documents are not currently available - could FXI do an about turn as major shareholders including the NFU demonstrate their anger? We can live in hope!

I'm afraid I have absolutely no idea Hoping that FXI will post the electronic documents etc tomorrow allowing us another non trading day in which to consider their proposal with more facts at hand

Cannot seem to see the availability of any of the 'Documents' that are supposed to be available on the FXI site pending receipt of hard copies which most won't receive as most pi's hold in nominee accounts Looked on TD Direct and nothing available there to the moment either Intrigued to see how this move is for the benefit of shareholders and the company as a whole

I too have a fair bit invested here - still believe it's a good company with a strong growth strategy, however, I am rather miffed that Ivan Teh has not not done the honourable thing and paid shareholders off in order to take FXI private - this move will potentially backfire on his credibility with future investors If you don't sell all is not lost as you will retain your shareholding, however, it becomes more complicated to trade In order for Teh to make considerable money he needs either another listing on an exchange like the Nasdaq or to be a takeover target - I believe current shareholders will still benefit from these possible scenarios but money could be tied up for some time whilst waiting Standard Life, credit Suisse will not be happy It's an unusual situation as most companies delisting are heading for bankruptcy whereas FXI are on a strong growth trajectory hence the reason I initially invested I've written to Buchanan and Peel Hunt and will happily share any info received

company going from strength to strength

doesn't look as though it'll stand a chance today

Well done to all those that held out and made a profit

APPOINTMENT OF CFO CPPGroup plc (CPP or the Group), the international assistance business, is pleased to announce that Oliver Laird has agreed to join the Group as Chief Financial Officer and a Director of the Group, with effect from 5 June 2017, subject to regulatory approval. A Fellow of the Institute of Management Accountants, Oliver has more than 10 years' experience in senior finance roles in regulated financial services businesses, most recently as CFO of First Direct Bank. He is also a Non-Executive Board Member of The British Council and a Non-Executive Trustee of the Leeds University Union. Chairman, Sir Richard Lapthorne, commented: "On behalf of the Board I would like to welcome Oliver to CPP as we continue to build a sustainable future for the Group. Oliver has a wealth of experience in finance; I am delighted that he has agreed to join CPP and I look forward to his contribution." CEO, Jason Walsh, added: "I very much look forward to working with Oliver as we progress with the development of a truly global business. Oliver joins at an exciting time for the Group as we lay the foundations to position our business for future growth, as demonstrated in our recent financial results."