Member Info for FS16

Thanks spikephoto, useful form my perspective.

Can someone please help as to what is it that we the existing shareholder of DSS are supposed to do vis-a-vis ATC board? What will happen to our shares, are we supposed to do anything before March 25 to have our shares activated? Thanks

Message on the DSS Shareholders: Further update: March 28th 2018 We are pleased to advise that at the GM meeting held on March 26th all resolutions were passed. As such we are now in the process of completing a subscription to raise up to �1.4 million at a price of 0.3p per share which will value the company at �4.2 million, after the money, assuming full subscription. Should you have an interest in participating in the offer for subscription please do not hesitate to contact us. We have also commenced preparation of the required documentation to apply for a listing on the Standard section of the Full List. Does this mean that the shares that we hold will automatically be included in the subscription once we have contacted DSS?

Ok, just heard back from Peter Shea - "Please see the Daniel Stewart website under DSS shareholders for an update." The update on DSS shareholders is as follows: "Dear Shareholder, Following on from the delisting of Daniel Stewart Securities (DSS) from AiM and In order to safeguard the business of its subsidiary, Daniel Stewart & Co, Daniel Stewart Securities had to arrange funding to re-establish the necessary regulatory capital. Such regulatory capital is required to be provided in the form of permanent equity. It was also apparent that, in order for the business of Daniel Stewart & Co to continue after re-establishing it’s regulatory capital, it would need further funding to finance ongoing losses until stabilisation could be completed. Again such funding would be required to be in the form of permanent capital. We have now received approval from the FCA for such funds as have been provided to be converted into equity of Daniel Stewart & Co. The resultant position is that Daniel Stewart Securities now owns approximately 10% of Daniel Stewart & Co. The situation is such that Daniel Stewart Securities is effectively a cash shell and we will now begin the process of trying to establish some value for shareholders utilising the shell. We believe that we should try to establish a public market for the trading of the shares at the earliest opportunity and as such we will examine the possibility of listing Daniel Stewart Securities on the Standard section of the full list as a cash shell. Should we achieve this we will then seek a suitable business to reverse into it. You should all be aware that a listing on the LSE has a cost and a minimum cash available requirement. At present Daniel Stewart Securities does not have sufficient resources to undertake such a listing."

I have also just emailed Peter Shea and Co. Had emailed them sometime back as well but no response, so am not expecting anything this time as well. Any suggestions on how to legally pursue them; perhaps through the financial ombudsman?

I don't recall any discussion around a Shareholder Action Group, but sounds like a good idea GrumpyScouser!

Thanks Guesstimation. But with RT holding 9% (?) DAN shares and other big share holders as well, the company may not go into administration otherwise it will nullify their shares as well, and the big players that they are, they must be looking at ways to protect their investments.

What is the value of shares that some of us still hold with Dan? Will they become valid if/when Dan is listed again somewhere and starts trading, and at what value, and therefore still have a worth for as long as Dan as a company exists. Or are they useless as whenever Dan starts trading again they will issue new shares and the old shares will have zero value? Any suggestions/ideas?

Not too sure Spikeyk but may be a few things that the legal experts could find useful. For instance the company failing to publish its annual report and accounts leading to suspension on October 1 (RNS October 1) RNS October 23 - ".....the Company continues to work on the funding package to allow it to publish its FY 2015 Accounts and resume trading on AIM. The Company is making progress on the funding package and expects to announce its conclusion shortly" - But this never happened RNS December 21 - "The Company will seek to identify a replacement Nomad, however, if no replacement Nomad can be found within the given time frame, the Board will explore options to either join another market, and/or to put in place a matched bargain facility to enable Shareholders to trade." But nothing to date on either another market, or a matched bargain facility. RNS Januay 15 - "However, should the shares of the Company become delisted from AiM the Board will examine alternative mechanism's to facilitate trading in the Company's shares , including a potential future relisting. Full details would be circulated as soon as possible.". However, nothing since January 15 (amost 4 months) on any alternative mechanisms. A legal experts may find something relevant from the above and other RNSs for a possible litigation on the grounds of the company misleading its share holders by continuously building false hopes.

Thanks Spikeyj. For those of us who held shares with Dan until the end have no choice but to wait and see when (if) they get back on trading, but for now the shares have zero value. Is legal action at all an option in such cases?

But isn't Terry still holding on to his shares in Dan? The last RNS before delisting on January 19/20 said that his share portion has been increased to 9% or something. So if Terry is still holding, as well as some other share holders should there not be more hope that Dan will get back in business at some point?

RNS of 15th January stated: "......However, should the shares of the Company become delisted from AiM the Board will examine alternative mechanism's to facilitate trading in the Company's shares , including a potential future relisting". Should there not be some hope that our shares will be available for trading upon relisting of the company. Also, if the investment was a total waste, why would Rob Terry increase his shares according to January 19 and 20 RNSs just when the company was all set to be delisted!

Hi. Can anyone please guide me here. I had purchased Dan shares through HSBC. Got a letter from them last week that due to delisting I cannot retain them in my HSBC investment account, I would need to either transfer the shares to another broker or in my name. If I transfer the shares in my name HSBC will issue me a certificate accordingly. My question is that how will I trade them again once they are in my name, whenever Dan is re-listed, whether at AIM or any other market. Thanks.