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Well if the sector is so out fashion and 49.9% is not a service, then please explain why Everyday loans are advertising on mainstream TV with rates of 99,9%. with FCA approval?
I think they are happy down south in Bournemouth. HA HA HA
hotmess you need to buy an additional 19 shares for every 1 you own, So your 151k holding means you need to buy 2,869.000 new shares. based on the 19-1 and the need to raise £70m this will cost you around £22100.
Jimmy56 try reading page 5 of the judgement item 13.
Our court listing for Monday.
Mr Justice Trower 10:30am The Rolls Building, court 30 Sanction hearing CR-2022-000612 All Scheme Ltd: Amigo Holdings Plc.
The majority of that letter was in the rns dated 7th march. So unlikely to affect the sp any time soon, things are looking better for amigo tho.
They only suspended the SP just b4 Sanctioning hearing last time. Not at the Convening hearing.
9 not 19 soz
19× existing shares is over 9 billion new shares so to raise 70 million share price would have to drop to 0.0078p to need to issue 19 billion new shares
if my calcs are correct.
Looks like gary is not expecting any share price increase if he will need to issue 19 new for every existing share to raise £70mil
They should use some of the funds they have to reduce our Mode average.
It happens every month, around the same date.
Take off 80% and 12 becomes 2.4. So i hope it's not going to be that bad, will just have to wait and see no one knows so no point in us all trying to guess an outcome.
Don't know if it has been there as long as the phone line message, but it also say:
To all of our customers - we would like to assure you that we are still in the process of finding a solution to move forward with a new Scheme.
on the Amigo website
Are you all really this STUPID? they are not selling down, its a change in the number of shares now in issue that has lowered there holding percentage, maybe you should have read the RNS properly before spouting botal tollocks.
Have a nice day.
The Market will be CLOSED
Volume to low for BB & JPM to be bailing along with MIC
The Placing and Admission (not taking account of the potential dilutionary effect of the New Options, the
NED Options, the Vested Options and the Warrants) will result in the Existing Ordinary Shares held
immediately prior to Admission being diluted so as to constitute 65.64 per cent. of the Enlarged Share
Capital. Therefore, Existing OCT Shareholders who do not participate in the Placing will suffer a dilution in
their percentage shareholding of Ordinary Shares of approximately 34.36 per cent.
Not liking the bit in the brackets, can find around 200 million warrants and options that can be exercised but not an exercise price for them
This part explains the drop in price:
Investors have conditionally subscribed for Placing Shares at the Placing Price, representing 34.36 per
cent. of the Enlarged Share Capital. The Placing and Admission (excluding the potential impact of
any exercise of warrants or options) will result in the existing Ordinary Shares held immediately prior
to Admission being diluted so as to constitute 65.64 per cent. of the Enlarged Share Capital.
From the prospectus: The Placing is for 330 million new Ordinary Shares (“Placing Shares”). The Placing Shares are being
issued at £0.05 per share (“Placing Price”).
The Placing is subject to the satisfaction of conditions contained in the Placing Agreement.