Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
This sounds more like an attack from a shareholder rather than the debt provider. An inside job?
Also, it states in the RNS "of five of the Company's operating subsidiaries"- MRS website doesn't list five subsideries!
The tone of the RNS suggests that they were taken by surprise. Yet...
1) 'Voluntary Administration' meaning is: A mechanism for achieving these aims is a deed of company arrangement. A voluntary administrator is usually appointed by a company's directors, after they decide that the company is insolvent or likely to become insolvent.
2) Section 436C(1) A person who is entitled to enforce a security interest in the whole, or substantially the whole, of a company’s property may by writing appoint an administrator of the company if the security interest has become, and is still, enforceable.
484 - hit today, a 52 week low. How much lower can this sink....
Statement Regarding Recent Press Speculation and Temporary Suspension of Trading
The Directors of eve Sleep Plc (AIM:EVE), a direct to consumer sleep wellness brand operating in the UK, Ireland and France, have noted the recent press speculation regarding the Company.
The Company confirms that it is in very early stage discussions regarding the potential merger of Simba Ltd, ("Simba") with eve, to be structured by way of the acquisition of Simba by eve (the "Potential Transaction"). There can be no certainty that the Potential Transaction will proceed or certainty as to the terms of the Potential Transaction.
If it proceeds, the Potential Transaction may constitute a reverse takeover under the AIM Rules for Companies and if so would require the publication of an admission document in respect of eve as enlarged by the acquisition and the consent of eve shareholders in a general meeting. A further announcement will be made in due course once the Company and its advisers have analysed whether the Potential Transaction is a reverse takeover pursuant to the AIM Rules for Companies.
The Company is not currently in a position to comply with the requirements of AIM Rule 14 insofar as publication of an admission document and convening of a general meeting are concerned as discussions are at a very early stage and due diligence has not been completed. In accordance with the AIM Rules for Companies, the Company has requested that its securities are immediately and temporarily suspended from trading on AIM until such time as either the Company publishes an admission document, discussions with respect to the Potential Transaction have ceased or it has been concluded that the Potential Transaction is not a reverse takeover. The Company will update shareholders with further information, as appropriate, in due course.
Multiple share purchases for 10,000, 15,000 today. Looks like a slow SP recovery from the drop earlier this week.
Jon Lewis, Chief Executive Officer, said:
"Capita is now in the second year of a multi-year transformation and we remain on track to hit the targets we set in 2018
"Having addressed the balance sheet and made disposals last year, we have continued to strengthen the business in 2019. We are beginning to see the benefits from: strengthening our functions; changing the culture and enhancing governance; improving relationships with our clients; recruiting significant talent to key roles; and investing in people and new client propositions.
"We have made significant progress in a short period of time. There is still much work to do but the foundations we are laying now will put us in a position to succeed and grow. There is huge potential for our business as companies invest more in digital transformation. With Capita’s credentials and client-base, the long-term opportunity for growth is significant."
Financial outlook
Capita's financial outlook remains unchanged.
Capita is in the second year of a multi-year transformation and the successful delivery of this programme remains a key focus area for the Group. We continue to expect profit before tax1 to be between £265m and £295m and net finance costs to be in the region of £40m in 2019, before the adoption of IFRS 162. We expect our net debt to EBITDA ratio to be in the top half of our stated range of 1.0 times to 2.0 times before adoption of IFRS 16.
We are on track to deliver our 2020 targets of £175m cost savings, double-digit operating profit margins1 and at least £200m of sustainable annual free cash flow, before exceptional and restructuring charges, additional pension contributions and the adoption of IFRS 16.
7digital Group Plc (AIM: 7DIG) announces that at today's AGM, the Company will give the following update:
"Having successfully completed the subscription announced on 7 June 2019 and with the newly constituted Board now in place, we are confident that all resolutions put forward today will be passed.
"We can confirm that our second stage financing plans are well underway, and we should be in a position to confirm the fundraising in the near term.
"Upon completion of the fundraising, the Board believes that the Company's funding position should be secured, positioning it well to execute on our stated strategy to lead the Company to profitability."
EAL - Thanks for posting info..
Just Eat: JP Morgan upgrades to neutral with a target price of 800p
Chief Executive, Stephen Blyth commented, "We are disappointed to be below our profit targets for this year, however, critically customer demand for our services remains strong reflected in our continued sales growth which, together with the investments we have made across the business, particularly into information technology makes us confident in the Group's future growth prospects for 2020 and beyond."
Thanks for your reply 1971Bod. I think I'll transfer them to HL....
Hi - Can anyone point me in the right direction regarding the Portage shares I now hold and where I can trade these please?When asking Interactive Investors, this was their response: "There will not be a certificate sent as we do not offer a market for this to be traded on. You can possibly electronically transfer this asset to another provider, however, we would not be able to offer any advice in regards to which broker specifically. I apologise for any inconvenience."Thanks for any advice!Casa
Hi, why is the spread at 6.45% if they want shares? I'm in at 3.7 today...
Thanks
Seems like they are hiring the right type of person....
https://evesleep.workable.com/j/D10518079A?viewed=true
'Following the publication of its annual accounts for the year ended 31 December 2018, 7digital Group plc (AIM: 7DIG) is pleased to announce the appointments of Tamir Koch as Non-Executive Chair and David Lazarus as Non-Executive Director, with immediate effect. As a result of these changes Mark Foster will cease to act as interim Chair and will continue with his role as a Non-Executive Director'.
https://audioboom.com/posts/7311370-executive-chairman-graham-scotton