Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Hi, I am taking RI, which is fine, but I additionally asked ii, my broker, to participate in rump placement, and they came back what they not offering rump placement. Can anybody explain why or possibly know why they not offering or rump placement is only for institutions? Many thanks for your answers.
Hi, Can anyone explain please this in simple language?
The Financing Package comprises a number of elements, including a reduction of the Company's share capital (without merging shares), followed by an increase in the share capital of the Company by way of a fully underwritten rights issue (the Rights Issue) as follows:
a reduction of the registered share capital (Grundkapital) of the Company from €1,509,372,235.83 to €590,415,100.00 in order to reduce the pro rata amount of the share capital attributable to each no-par value share from currently approximately €2.56 to precisely €1.00 (the Nominal Share Amount Reduction);
an increase in the registered share capital (Grundkapital) of the Company by €508,978,534.00, divided into 508,978,534 Shares in the capital of the Company with a nominal value notionally allocated to each such share of €1.00, to an aggregate share capital of €1,099,393,634.00 divided into 1,099,393,634 Shares in with a nominal value notionally allocated to each Share in the capital of the Company of €1.00 (the Capital Increase).
In order to effect the Nominal Share Amount Reduction and the Capital Increase, the Shareholders are required to approve the relevant Resolutions relating to the Nominal Share Amount Reduction and the Capital Increase, which will be put to the Shareholders at the General Meeting.
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TUI AG (TUI)
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Monday 14 December, 2020
TUI AG
Publication of Circular containing a Notice of General Meeting, Proposed Reduction of Nominal Value and Capital Increase and Proposed Approval of Convertible Silent Participation
TUI AG (TUI)
TUI AG: Publication of Circular containing a Notice of General Meeting, Proposed Reduction of Nominal Value and Capital Increase and Proposed Approval of Convertible Silent Participation
14-Dec-2020 / 15:56 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TUI AG
Publication of Circular containing a Notice of General Meeting,
Proposed Reduction of Nominal Value and Capital Increase and Proposed Approval of Convertible Silent Participation
14 December 2020
On 2 December 2020 TUI AG (the Company) announced it had agreed a €1.8 billion financing package (the Financing Package) with the German Economic Support Fund (Wirtschaftsstabilisierungsfond) (the WSF), Unifirm Limited, a syndicate of underwriting banks and KfW to enable the Company to improve its liquidity position, repay indebtedness and meet its general capital requirements.
The Company has today published a circular (the Circular) containing a notice of an extraordinary general meeting (the General Meeting) for shareholders to consider, and if thought fit, approve resolutions relating to the Company's share capital a
Phoebus, 12 mln will not get JOG anywhere near 2025 full operational and development! Which pile of cash you referring to? Huge placing will be on its way.
Financial Results
JOG continues to benefit from a straightforward capital structure, with a strong cash position that more than covers our current contracted work programme for the Concept Select phase of the GBA Project. We have no debt and no decommissioning liabilities. Our pre-tax loss for the year amounted to £2.1m as compared to a £2.0m loss in 2018.
Cash at year end was £12.3m, down from £19.8m at the end of 2018, largely due to our share of the costs of drilling the Verbier appraisal well in 2019.
JOG remains fully funded to deliver the Concept Select work we are progressing on our GBA development and we have implemented cost saving initiatives to cut our 2020 budget guidance by more than £3m from £10.6m to £7.5m. The Company has sufficient working capital through to at least the end of 2021, prior to any proceeds from our planned sale of a part interest in our GBA Project, the process for which is expected to be launched later this year. Cost control continues to be monitored closely by our Board.
I think he told in interview they were looking for finance so no update on this, next would be another placing. But no licence no rig contracts, Mongolia short summer season... Does not look anything will happen till next spring.