Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
This is all very boring lets see what happens and then we can get in to "I told you so" scenario
I emailed them and they wanted to charge £20 so I decided my 25k shares was not worth the cost
Tried getting Jarvis IM to advise how to register my vote and had the following reply:
Good afternoon
Please be advised clients wishing to vote on a holding under our nominee may do so either by providing their voting instructions to be submitted on their behalf or by requesting a Letter of Representation to attend and vote in person. Kindly note a fee of GBP20+VAT applied for either proxy service and we must in receipt of instructions not later than 1 week prior to the meeting please.
If you would like to proceed please confirm by return email, from a registered email address, with details of the vote to be placed and your account number confirmed within the instruction.
Many thanks
Kind regards
Alex Hutchings
This is for the completion of the sale as proposed: What does Long-stop date mean? In a SPA/APA, the date by which the conditions must be satisfied (or waived) for completion to take place, so as to impose ultimate certainty as to completion of the transaction.
Also get your retweets in!!!
Done with Pleasure and hope he squirms
Hi
You can add my 24k shares to the no vote...If Prax successful then HUR will become a "not for profit" company probably selling oil to Prax at a $20 p/b discount. DCU wont be paid and a separate deal to retain CA and the likes as advisors or otherwise so they get the DCU by other means. Any subsequent purchase could follow the same pattern.
Hi All,
I there a case for calling an EGM. IF so what could be raised? I dont know if Iam right but I think you only need 10%?
Please correct me if wrong but DCU's only relate to purchase HUR make and not Praxis.
Surely any future purchases will be made by Praxis and so we would be unlikely to see the 17.5%
"The Deferred Consideration Units shall also, in aggregate, confer an entitlement to receive 17.5 per cent. of all future Net Revenues earned by the Hurricane Group, including from both the Lancaster Field and from any acquisition made by Hurricane, from 1 March 2023 until 31 December 2026, capped at a total of 6.48 pence per Deferred Consideration Unit (£129.1 million in aggregate). "
Worth a quick read as this should be add as part of the sale clauses:
https://www.gannons.co.uk/insights/deferred-consideration-on-business-sales/
Right to appoint an administrator or a receiver – the seller should ensure that in the event of non-payment of the deferred consideration that it can appoint an administrator or a receiver over the business. An administrator will basically sell the business to the highest bidder. A receiver will run the business to see if enough assets and/or cash can be salvaged to pay off the deferred consideration outstanding. The seller should retain the right to choose between administration or receivership as what is best will depend upon the facts at the time.
But has the reduction of capital process till Jan hindered the due diligence process. I would have been wondering about the impact on the perspective buyers view if or if not the capital was returned or the permutations either way. Also having been involved in the due diligence process then if there are multiple parties interested then the existing staff still have to supply the data requested by those interested parties and this could extend the time lines. There are not that many staff probably in the finance/data side of the business with in depth knowledge and they also have to do their day jobs as well. But hey ho what do I know. DYOR
I know it is a rough statement but if you google due diligence then it is between 6 and 12 weeks so don't expect anything yet
I agree and hopefully bid rejected....after this the SP will probably drop 10% as SH bail out. I need 14p to break even so hoping that the proposed dividend comes to fruition and the share price recovers following the board reorganisation.
I'am lucky as I only have 25k shares and so it wont break the bank.
Worth a good read https://www.mondaq.com/uk/shareholders/857790/why-reduce-your-share-capital
Thanks Sense - Email sent
Hi Sense
Please can you email me with the full body of your email and the correct forwarding details(+cc's) colinejarvis@yahoo.co.uk
Hi Sense
Do we know when the outstanding charge against HUR will be satisfied with companies house as it is still showing as outstanding Charge code 0524 5689 0005?
Has the U.S picked up on this (apologies if link already posted)?
https://simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares/news/hurricane-energy-lonhur-delivers-shareholders-solid-155-retu
To a wonderful Monarch R.I.P.
Or windfall tax