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Oh, blimey - Osborne has just raised interest in 2m shares
I see the board are buying up as many as they can so they have the majority vote.
I have already instructed HL to vote FOR the listed proposals. I will also fill out the proxy form to cover all bases.
Where can we find the form of proxy?
Karelian Diamond Resources plc (“Karelian”) (AIM: KDR), the diamond exploration company focussed on Finland, is pleased to announce that Professor Richard Conroy, Chairman of the Company, has capitalised loans amounting to €71,429 (equivalent to c.£65,000) into 1,625,000 new ordinary shares of nominal value €0.00025 each (“Ordinary Shares”) in the capital of the Company (the “Capitalisation”).The Capitalisation has been undertaken at a price of 4 pence per Ordinary Share (the “Capitalisation Price”), which represents a premium of approximately 27 percent to the closing mid-market price on Monday 2 September 2019 of 3.15 pence per Ordinary Share.
The remaining outstanding debt owing to Professor Conroy is now €86,208 and the Company and Professor Richard Conroy have entered into an agreement to formalise the terms of the outstanding debt. The debt will continue to be non-interest bearing and does not have a repayment date. Under the agreement that has been entered into it has been agreed with the Company and Professor Conroy that the outstanding debt of €86,208 shall be capable of being capitalised into new ordinary shares in the Company with the price of any capitalisation to be the mid-market price on the date of capitalisation or the Company can decide to repay the outstanding debt should the Company have sufficient funds to do so.
An application has been made for the new Ordinary Shares issued under the Capitalisation to be admitted to trading on AIM with effect from 9 September 2019 (“Admission”).Following Admission, Professor Richard Conroy will have an interest in 8,413,912 Ordinary Shares, representing approximately 21.8 percent of the Company’s issued Ordinary Shares and total voting rights. The interest of Professor Conroy comprises 7,181,311 Ordinary Shares held in his own name and 1,232,601 Ordinary Shares held by Conroy PLC, a company in which Professor Conroy holds a controlling interest.
Professor Richard Conroy’s participation in the Capitalisation and the entering into of a new agreement in respect of the outstanding debt are related party transactions under the AIM Rules for Companies. The board of directors of the Company, other than Professor Conroy, consider, having consulted with Allenby Capital Limited, the Company's nominated adviser, that the terms of the Capitalisation and the new agreement entered into are fair and reasonable insofar as the Company’s shareholders are concerned.
Following the Capitalisation, and for the purposes of the Disclosure Guidance and Transparency Rules, the Company's total issued share capital on Admission will consist of 38,614,178 Ordinary Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.
They didn't file their end of year accounts on time, so companies house automatically started the strike off procedure. Compulsory strike-off action has been suspended at the request of Xplorer PLC.
How and when will I receive this payment?
If approved, the resulting cash proceeds are expected on or shortly after 17 September 2018. The proceeds will be received in GBP and will be credited to your Account upon receipt. The exchange rate that will be used to convert the proceeds from Canadian Dollars into Pounds Sterling will be the rate established by Computershare Trust Company of Canada on the date of the conversion.
Should you have any queries regarding this Plan of Arrangement please do not hesitate to contact us on 0117 900 9000. Please note we can provide factual assistance but cannot provide advice about any action you should take.
How has the offer price been calculated?
The Consideration represents a 62% premium to the closing price of the Company Shares on the Toronto Stock Exchange on 20 June 2018, the date immediately prior to the announcement of the Arrangement Agreement, and a 49% premium based on the 30 trading-day volume weighted average trading price of the Company Shares, calculated as of such date.
When can I trade my Shares until?
Dalradian Resources Inc Shares can be traded until close of business on 7 September 2018. If you have a holding after this time and the Plan becomes effective you will receive CAD1.47 per Dalradian Resources Inc Share.
he Boards of Dalradian Resources Inc and Orion Mine Finance Fund II LP have reached agreement on the terms of a recommended cash acquisition, by Orion Mine Finance II LP, of Dalradian Resources Inc. As a holder of Dalradian Resources Inc held within your Hargreaves Lansdown Vantage Fund & Share Account you have been offered the following:
For each Dalradian Resources Inc Share: CAD1.47 in cash.
If the Plan of Arrangement is approved at the Meeting to be held on 31 August 2018, and becomes conditional upon the receipt of the Final Order from the Court and approval of the Toronto Stock Exchange amongst other conditions, it will become effective on 7 September 2018 with Dalradian Resources Inc Shareholders as at the close of business on 6 September 2018 automatically receiving CAD1.47 in cash in place of each Share held.
https://yle.fi/uutiset/osasto/news/municipality_approves_terrafame_uranium_extraction/10093740
Hi chaps, you know all of the email addresses would have been changed to @ahtium.com
Both DALR and Buchans shares are now in my HL account. The Buchans shares aren't live yet.
http://m.londonstockexchange.com/exchange/mobile/news/detail/13276772.html
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SULA/13262278.html
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MIO/13246040.html