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I have recently received this information from my broker SaxoTrader
**update 19 september 2022**
Following declaration of a national bank holiday on 19 sept 2022 to mark the state funeral of her majesty
queen elizabeth ii, to comply with the requirement of the listing rules, the company has issued a revised
timetable
**end of update**
Trading period of rights: 12-09-2022 to 23-09-2022
New securities dealing date: 27-09-2022
Rights issue on the basis of 4 new ordinary shares for each share held to raise approximately gbp575.8 million
at gbp1.03 per share.
“kindly note that the trading of rights will only be supported up to clients deadline date”
Regards
Until quite recently I used to regularly drop into this previously excellent BB for informed commentary on how the company is progressing and in obtaining a better understanding of the technology involved, to supplement my own research. Apart from comments from members I know and have followed for many years, I now find little of merit to read here. It was back in 2006 when AFC was being established that I was convinced that alkaline fuel cells would become one of the principal technologies of the future to address the demand for sustainable green energy, and I began accumulating a substantial holding in the company. My belief in fuel cells and the company have not waivered since then, except for a slight, nervous period during the days the company was under the helm of a certain Tim Yeo as non-executive chairman. It is now 10 years since Adam Bond joined the board, and personally I still have full confidence in him and the board to take us forward into this nascent, multi-billion dollar industry.
For many years, this has been the first AGM that I have been unable to attend, thanks to advancing age and some covid symptoms, which was very disappointing, as I was very keen to inspect the 10kW "Power Tower" System and the Power Tower EV on display. But thanks to Alt-muddle uploading the excellent AGM Presentation, apart from missing the opportunity to talk with the new board members and the few investors who did attend, I probably have all the information I need to know. I will make every effort to attend the promised investor day later in the year to look at the recent development at Dunsfold and keep up with progress towards commercialisation. Well done to the AFC board and staff for the achievements made during this transformative year.
"Anne, To be truthful I never saw the real future of AFC to be in charging cars, rather in replacing onsite diesel generators. I can't really imagine purchasing an EV at these prices and will be happy to continue to drive my 2006 MX5 until I go. 25 November 2020"
Daz, My brokerage account provides me with a Closed Positons summary for any dates so that I can monitor gains (and losses) throughout the tax year. My final CGT calculations will take about an hour and enable me to balance CGT and desired profits. Concern about CGT calculations would never outweigh my decision when to take a profit, even though I'm still selling shares I bought a 3.5p and being taxed heavily on them. Fortunately most of my AFC shares are in ISAs and never touched.
I used to look on this BB most days for news and useful discussion on AFC to add to my own knowledge and research. Unfortunately it now has very little to offer me on these matters with the arrival of certain new members. I ce
We have discussed AIM IHT porfolios previously, which are not as straightforward as they seem at first. About 280 companies currently qualify for the purposes of IHT planning and Business Relief, but they can become disqualified if they dual list, merge or are taken over , etc.. If you hold just a few AIM companies that you can watch closely there should be no problem, but I have about 30 in mine that require constant monitoring, updating and switching, which I am happy for a professional to manage for me.
Aimmillionaire, I can share some of your nervousness with that amount of holding over 12 years. For myself, I am too old noeto wait until £5 and have no shame to be taking some profits before then to help out supporting my children.
Mixing in very good company
https://www.avl.com/company