Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Leed is pleased to announce that Civex Group Holdings Pty Ltd (“Civex Group Holdings”) has entered into a Heads of Agreement with a Western Australian contractor to acquire all the assets of Civex Group Holdings. Leed directly and indirectly (through its shareholding in Battalion International Limited) owns approximately 33% of Civex Group Holdings. As part of the agreement, the owners of Civex Group Holdings will retain a royalty on all sales of panels sold in the future. Final details of the sale and royalty agreement are not yet completed but it is anticipated that a Sale and Purchase Agreement will be signed early in the New Year. The Directors of Leed have come to the conclusion that this is the best possible outcome for this investment as market conditions have precluded Civex from making sufficient headway without the backing of a more substantial partner. The Board is currently reviewing options as to what it may do with the proceeds of the sale of Civex Group Holdings and looks forward to updating shareholders shortly on progress of the sale and future investment opportunities.
Potential probably.
New non-exec Director
I honestly do think this will hit 5p again pretty soon, assuming the deal gets done as outlined.
Been at 20p before so you never know.
All good news - gives MT & his group some time to get everything they need to be in place for the 17th.
Thanks for your opinion.
It very much looks like that is how it is going to play out - IMO it is hopefully good news for BOS.
The company issued an RNS Announcement 18th December 2017 (UK time). In addition to its earlier announcements in November 2017. None of which have demonstrated any support to the value of the Company other than all Directors neglectful discharge of their duties as Directors. The Directors have on numerous occasions advised Innovation that it will call a meeting with all Directors attending. After seven weeks, not one meeting has been arranged. It not too late for the Chairman and the Board to act to maximize the value for Shareholders. A 1/10 pence placement that the Board accepted or a speculative disruptive deal or Administration investigation serves only their self-interest of blaming others and attempt to avoid the very real personal liability and compensation to the Company that exists. What would have been more helpful to all Shareholders and the very people they are hurting, is a Letter from the Chairman announced instead of the Corporate Update. Here is an example of a Chairman Letter that would serve all interests and preserve shareholder value. Again, its not too late Mr Chairman! Dear Shareholders, As Chairman, I am responsible for the strategy of the Company and leadership of the Board. The Board of Directors are listening to you. We have sought your input and assessed a number of qualified options to permit the Company to grow and prosper. We have held positive discussions with Innovation and I am pleased to advise that all commercial issues have been resolved. Furthermore, received support from the current NOMAD to assist in the transition to appoint a replacement NOMAD to assist the Company maintain its AIM listing. Therefore, today I have directed my fellow Directors to act in the best interest of all Shareholders and implement the following restructure to maintain our going concern (i.e. Audit), AIM listing and importantly some payment to creditors before Christmas. 1. Placement to existing Shareholders a. The Board directs its Broker to raise £750,000 at £0.0125 pence per Share, representing a discount to the Board estimate of fair value. b. Attach 1 Warrant to every 2 new Issue Shares at £0.025 pence and expiry 31 December 2018, to raise a further £750,000. 2. Accept a commercial loan from Innovation and significant shareholders a. Providing up to £300,000 to clear outstanding employee entitlements, contractors and creditors. 3. Appoint a business broker to sell the 40% equity investment in Call Design a. Provide further funds to develop the Company suite of software and reduce the potential of any further dilution to Shareholders. b. At this stage, the Board cannot assess the net proceeds from the sale and best estimate is a three to six-month sale process. 4. Appoint new Directors a. The Board has received a number of recommendations from the significant shareholders, and whilst the Boa
How does going into Admin help MT?
hopefully get an update very soon, i am feeling quite positive about LDP in 2018.
Not much we shareholders can do now apart from sit and wait and hope for the best i suppose.
BoD - bunch of d*cks.
Another negative corporate update from the BoD...........
Very interesting read. AGM should be a very interesting meeting.
RNS 30th Nov 2017.
Strong leadership and good communication is what is needed to keep BOS running from now on.
Received a reply from MT, it has just reinforced by opinion that he is definitely the best person to move BOS forward in the future. DYOR.
My estimate on shareholder feedback, AGM poll is ~37.5m shares have already voted against both directors up for re-election and representing over 46% of BOS. There is ~81m eligible votes.
I agree