Member Info for cszjrh01

These were the AGM resolutions from a couple of weeks ago so not new news.

The next acquisition anticipated later in the year will be part funded at least by a shares issue.

Will be the usual situation that if the acquisition is fairly or bargain priced there is no dilution as the size of the company grows accordingly. The previous acquisitions were bargain priced so I don’t see any real danger here.

Others mileage may differ.

Yeah, that's pretty much it. Numbers I saw were:

QSH: 188m

Existing ALGW holders: 46.77m

Total shareholding 234.77m.

Post consolidation. The "old ALGW" forms 20% of the combined value of the new company, 80% being the acquired Quaker State Holdings LLC.

Looking at the companies house site the Group Accounts up to 31/3/2025 have been audited and issued to them. Expecting an announcement from the company soon.

HTH:

“The Accounts for 2026 will then be prepared and once published we will be able to relist hopefully by Q3 this year”

Hi Fred,

IR have sent an update email out to the shareholders on their list. Ask for a copy via ir@algwplc.com.

From memory the audited accounts are to be filed by the end of the month so assuming that happens that should pretty much be the last piece of the puzzle in place before the relisting can go ahead.

Last I heard there were several other acquisitions in progress so they may wait until those are all completed before relisting but let’s see what they say in the next update.

Fingers crossed the revised valuations they’ve been talking about come to pass in which case you won’t have to take a loss. Time will tell though.

To be honest if I’d bought any shares in PREM I’d be crying too.

Nice update from the IR team this morning, anyone not of their radar should email them for the details.

Acquisition was completed effective 1/11 with Ryan Silverman (CEO of the operating group acquired, joining the ALGW Board. Group assets now over $1b with several further acquisition targets progressing aiming to complete H1 2026.

Guess it’s one of those situations where there isn’t much they can say until it’s all signed off otherwise it would be a pointless “Still working on it” update.

Hopefully not long to wait now.

Https://www.londonstockexchange.com/news-article/market-news/appointment-of-new-auditor/17267529

Shares held within a SIPP just stay there and you can trade them again when the company relists.

No not heard anything but equally I haven’t asked recently.

Based on previous I’m expecting completion in the next month.

I see the 10:1 consolidation has happened as planned.

Robdance - think these are the links:

2nd April: https://www.engageinvestor.com/event/09fe0b065436

4th June:

https://www.engageinvestor.com/event/11baf25b289d

Does sound like good progress is being made. Shareholders are starting to be contacted by their Brokers re: the Consolidation saying it will be completed by the 27th. I also hear the acquisition is well advanced and should complete in the next 2 months barring any last minute issues.

Like you say I'm sure they'll be a few more twists and turns in the road before the re-listing but it does sound like so far, so good.

Agreed. You should definitely stick to PREM.

Https://www.londonstockexchange.com/news-article/market-news/result-of-general-meeting/17165519

TBH with the information already in the public domain plus what was in the latest RNS it’s not too hard to determine the identity of the target.

$200m acquisition. Nice.

https://www.londonstockexchange.com/news-article/market-news/notice-of-gm/17138454