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Got a letter today from X-O saying iconic labs have recently announced a Corporate Event
The company announced that Anthony Batty and Hugh Jesseman have been appointed joint administrator
Please not that this event is mandatory and the shares will be removed from portfolios in due course
Anybody any idea what it's about ?
Thanks
e-mail sent requesting an investigation.....
I have just over 30 million shares purchased via X-O ....please can somebody tell me how to vote by proxy...where do i get the proxy form from ?
Thanks in advance
Apologies..... Wasn't my intention to duplicate...??
EHGO Statement on Iconic Labs
June 07, 2021 04:45 AM Eastern Daylight Time
LUXEMBOURG--(BUSINESS WIRE)--European High Growth Opportunities Securitization Fund (“EHGO”), an institutional investment fund based in Luxembourg, has issued a statement in relation to the announcement that administrators have been appointed to Iconic Labs Plc (“Iconic”).
In the statement, EHGO said: “EHGO has been an important financial supporter of Iconic. We have provided significant funding for Iconic previously and were in discussions with the company to provide substantial new financing arrangements involving a facility of up to £50 million.
“We have tremendous faith in the vision for the company set out by the new CEO Brad Taylor to be a cutting-edge media, data, information, internet, security and technology company. We believe the business is a highly viable one with an exciting future, and have faith that Brad is doing everything he can to get Iconic on track to sustainable growth. We intend to support the new board’s vision with substantial new financing.
“EHGO has reached out to the administrator with the offer to immediately pay the debt of Iconic which is owed to Iconic’s secured creditor on behalf of Iconic in exchange for a promissory note from Iconic provided that Iconic is taken out of administration swiftly. The necessary funds are being transferred to EHGO’s counsel’s account by EHGO with instructions for immediate release to the secured creditor upon (i) confirmation that Iconic has executed a promissory note for the amount lent; and (ii) the receipt of an undertaking from the administrator that it shall take Iconic out of administration as soon as the secured creditor is paid. In EHGO’s view the amounts are not large, and it would be in all shareholders’ and the other Iconic’s creditors’ interests that the administration be ended swiftly.
“In addition, we note that the General Meeting scheduled for 15 June 2021 is important for Iconic in terms of allowing shareholders to pass various resolutions that would give the company a secure financial future. In EHGO’s view, such General Meeting is a crucial step towards helping to ensure that all creditors are repaid and that Brad Taylor and his team have the financial means to implement their robust plans for Iconic. We therefore trust that the administrators will give due consideration to this meeting proceeding and otherwise act in accordance with their statutory obligations.”
for a person not really in the know.....why can't i sell ?
Down 8% ... Any clues ?
Agreed and still don't understand !...
Question from a novice....
What if any is the significance of single digit trades ?.. I have no clue. I am invested in GGP ....
What's the outlook for this share
That's a huge sell at the end of the day. How come the SP made up ground ?
Sorry if it appears a silly question but don't really understand how it all works !
Here's to a good week for us all....
Sorry
Iconic labs
10 Sep 2019
Resolutions
Re-change of name 10/07/2019
Resolution of adoption of Articles of Association
The above got e-mailed from companies house...
Any idea what it means ?
Thanks
Very slow start to the day here.....
Huge delayed sell and buy.... For a newcomer could someone explain this and could it effect the SP tomorrow... ?
Any idea for the big drop this afternoon ?
To a relative newcomer can any body explain all the 1 trades today please ?