Member Info for Chimpus

They just responded to my email!

" As you will be aware, we are constrained by the Takeover Code in what we are allowed to discuss at this time, and in particular Rule 20.1 provides that information and opinions about parties to an offer must be made equally available to all offeree company shareholders and persons with information rights as nearly as possible at the same time and in the same manner.

However, I can confirm that the Company is aware of its obligations both under the Takeover Code and UK MAR and is actively engaging with its advisers in relation to its disclosure obligations as these arise.

SolGold

Email sent.

I think that perhaps that boat be called "Lack of Dignity" in view of how Shanta's board dealt with this takeover! (With apologies to Deacon Blue) ;)

I plan to pay off some mortgage with my proceeds too.

Enjoy the boat :)

Very small consolation I know, but the 0.15p divi arrived in my HL accounts today.

It's just yet more miscommunication/ erroneous information. I find it quite appalling.

I have asked HL for further information;

Who is conducting the investigation they mentioned. Is it just an internal HL probe, an outside party or regulatory body?

I have also asked just who is their "proxy voting provider" that gave them the wrong information ?

Seriously, this just goes from bad to worse! I have just received this message from HL, further to the one received earlier on...

Dear .....

I am writing to highlight an error with part of the communication you were sent on 11/04/2024.

In that correspondence, we wrote: “We had written confirmation from Shanta Gold that votes would not be carried over”. This was incorrect. Shanta Gold have at no point issued any communication to HL stating previous votes would be cancelled.

This miscommunication from HL was caused by information provided, in error, by our proxy voting provider, not Shanta Gold themselves.

To clarify the situation, any votes that have been placed by clients since the online voting facility was made available on 26/01/2024 will be retained and submitted.

Kind regards,

Corporate Actions

Following the outcome of the last vote, I wrote to HL regarding my concerns over the poor communication and misdirection from Shanta over the whole process. This is their response below:

Dear ......

Thank you for your message regarding Shanta Gold.

We can confirm that there is an ongoing investigation. We had written confirmation from Shanta Gold that votes would not be carried over so we relayed this to clients very shortly after the initial communication. We were then contacted by Shanta Gold, and we were advised that votes would actually carry over so we also relayed this as quickly as possible to clients.

I believe further confusion arose from there being a secondary meeting open for online voting. We have an in depth investigation into how this all arose, the miscommunication, how we can ensure this sort of situation does not arise again in the future.

We apologise for any inconveniences and confusion caused.

We will be happy to support with any information we are able to provide subject to any restrictions we may have upon us due to the investigation.

Please also accept our apologies for the delay in response.

I hope this has been of assistance. If you have any other questions, please get back to me.

Kindest regards

Corporate Actions

Hargreaves Lansdown

Shafted.

I'd have expected the Shanta board to have had an RNS all set and ready to go in the event of a successful vote in favour, celebrating their victory.

The silence is almost deafening

Today, as I understand it.

Should the bid fail, with the recent rise in gold price I can't see the SP falling back much, if at all. This whole debacle has been suppressing the price, so perhaps it will go up, rather than fall?

There are also some reports due in the near future, that should show some good results.

Same on HL, but no email from them informing holders of yet another action to vote on.

What an utter dogs dinner.

I've not looked through every one of the 8.5 EPT forms, but this does appear to be the only recent one issued by Berenberg/Saturn that has the transaction listed as a short position?

...and if anyone else wants to email Shanta directly asking them what the hell is going on... fill your boots!

info@shantagoldltd.com

Aimregulation@londonstockexchange.com

court.reception@gov.gg

Absolutely. Why indeed?

I find the lack of communication from the company (and from some brokers, looking at you HL) quite disturbing. That is certainly no way for a company to conduct corporate actions.

To me, the fact that no one on here appears to have a clear idea what is going on just highlights the high level of confusion.

To my thinking, surely the company is duty bound to release an RNS informing shareholders that there has been a significant and material change involving the takeover bid and that their original voting preferences as made in the first vote are now void and that shareholders have to vote AGAIN to express their preference.

Where is that RNS informing us of this vitally important information?

As was mentioned on here earlier today, their most recent RNS, the board recommended that shareholders do nothing..!

I have written to the Court too. Not sure how much of an impact it will have, but the lack of communication from Shanta over such an important vote seems very poor indeed and may have a significant impact on the outcome of the vote.

Your previous votes no longer count.

Just to confirm what Sunshine69 wrote earlier, the HL website requires shareholders to vote again. My previous NO vote had gone and my holding was listed as "No instruction given" so I had to vote again.

As Sunshine69 advised, go to "Home >My accounts & dealing" home page on the right via "Shareholder meetings" and vote again if you want to register your votes.

*** YOU NEED TO VOTE AGAIN by 22 MARCH if you want your votes to count! ***