Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Liam not Noel
still coming in
period has begun then!
2.9 ANNOUNCEMENT OF NUMBERS OF RELEVANT SECURITIES IN ISSUE
When an offer period begins, the offeree company must announce, as soon as possible and in any case by 7.15 am on the next business day, details of all classes of relevant securities issued by the company, together with the numbers of such securities in issue. An offeror or publicly identified potential offeror must also announce the same details relating to its relevant securities as soon as possible and in any case by 7.15 am on the business day following any announcement identifying it as an offeror or potential offeror, unless it has stated that its offer is likely to be solely in cash.
Any such announcement should include, where relevant, the International Securities Identification Number (“ISIN”) for each relevant security.
If the information included in an announcement made under this Rule changes during the offer period, a revised announcement must be made as soon as possible.
going crazy
the mobile app has been acting up for me
They have converted more LB28
who's been knocking him?
LB28 yes mate he taken control your right and its all through Nuuco and the notes he has the option over.
the Company has had initial discussions with Nuuco which had made an informal approach to the Company.
LB28 Mate please read what I've copied and pasted as they are facts from RNS' and the prospectus.
He is a significant option and will obviously be taking that option up.
WideCells Group PLC, announces that, following the issuance of the Prospectus on 22 February 2019, Mr. David Sefton, who has a significant financial interest in the Company through the acquisition by Nuuco Media Limited, a company controlled by Mr. Sefton, of an option to acquire up to 29.9% of the Company's issued share capital, has been appointed to the Board as Executive Chairman, to advise on potential future strategies and acquisitions for the Company.
When he takes up the option it will be announced via RNS
RNS Number : 9800Q
WideCells Group PLC
25 February 2019
25 February 2019
WideCells Group PLC ('WideCells' or 'the Company)
Update
WideCells Group PLC, announces that, following the issuance of the Prospectus on 22 February 2019, Mr. David Sefton, who has a significant financial interest in the Company through the acquisition by Nuuco Media Limited, a company controlled by Mr. Sefton, of an option to acquire up to 29.9% of the Company's issued share capital, has been appointed to the Board as Executive Chairman, to advise on potential future strategies and acquisitions for the Company.
He will take this up when they've done making a killing
LB28 Please do some research. He hasn't got anything to convert yet!
He has an option for laon notes. an OPTION...
The Company is aware that the Investor has granted a third party, Nuuco Media Limited (Nuuco), a company controlled by Mr David Sefton, an option over the Notes which have already been issued to the Investor and which remain unconverted as at 21 February 2019 (being the latest practicable date prior to the publication of this document), comprising Notes of an aggregate nominal value of £585,000 (Option).
Will make their move for the company when the investors have made their money and leave some notes for Sefto/Nuuco to get his 30%
When that happens that's when things will get interesting.
Its all about getting money in the bank now and the notes out the way then its Nuuco time!
This will be a media company by the looks of it.
The deals Sefton will be doing are to do with media not Stem Cells
The Option grants Nuuco the right to acquire the outstanding Notes and, following that acquisition, Nuuco would be in a position to convert those Notes into Ordinary Shares in accordance with the terms of the Financing Agreement. Such conversion could give Nuuco a substantial, but less than 30%, shareholding in the Company. Should Nuuco (or persons acting in concert with it) acquire further shares or interests in shares (whether in the market or otherwise) taking their aggregate interests above 30%, Nuuco and any persons acting in concert with it would, absent of dispensation to do so being granted by the Panel on Takeover and Mergers and the passing of a whitewash resolution by independent shareholders, be required to make a mandatory cash offer for the Ordinary Shares in the Company not already owned by Nuuco and those acting in concert with it.
Notwithstanding Nuuco would hold less than 30% of the Ordinary Shares (assuming that neither it nor any persons acting in concert with it acquire further shares or interests in shares taking their aggregate interests above 30%), given the size of the potential shareholding that could exist as a result of the exercise of the Option and the subsequent conversion of the Notes, the Company has had initial discussions with Nuuco which had made an informal approach to the Company. No detailed terms have been discussed between the Company and Nuuco, and no agreement has been reached as to any future changes to the Company’s business. However, the Company understands that Nuuco would consider:
• procuring the provision of further capital to the Company;
• establishing a new media platform business which is unrelated to the current business of the Group and which could complement the Wideacademy business; and
• reorganising the existing WideCells business into a separate subsidiary of the Company, which may be partly owned by the existing management of the Company in the future.
No he hasn't not yet. It is an option...
The Company is aware that the Investor has granted a third party, Nuuco Media Limited (Nuuco), a company controlled by Mr David Sefton, an option over the Notes which have already been issued to the Investor and which remain unconverted as at 21 February 2019 (being the latest practicable date prior to the publication of this document), comprising Notes of an aggregate nominal value of £585,000 (Option).
doesn't want to end the funding as that is where he is going to get his 30% from.
Done some digging and its all there in black and white.
This is going to be taken over by Nuuco when the investors have made their money which isn't far away.
Widecells will be a subsidiary of Nuuco and the new business
Honestly WOW