We would love to hear your thoughts about our site and services, please take our survey here.
It's 100% coming back. Who spends £150k on shares they won't be able to sell?
EHOG subscribed for these shares following agreement with creditors and would not have if they weren't certain that these shares would be listed again.
Taking a bit longer than I thought, but certain it will be back.
I hold 100m shares at an average of 0.001, looking forward to it's return and hopefully a massive spike. Just depends on how many shorts were trapped when they suspended. Given that little or no notice was given, hopefully loads!
For immediate release
ICONIC LABS PLC - IN ADMINISTRATION
Settlement of Disputes and Company Voluntary Arrangement
The Joint Administrators provide the following update on the administration, settlement of disputes and convening of a General Meeting:
DISPUTES WITH D SEFTON & GREENCASTLE MEDIA
A Settlement Agreement has been entered into between the Company, Greencastle Media, Arch Capital Partners LLP, Mr D Sefton and the European High Growth Opportunities Securitization Fund. As a result, all litigation proceedings have been dismissed, and all claims, counter claims, including defamation claims, among the parties, have been waived or will be waived upon the CVA being approved.
A separate announcement has been issued relating to the retraction of claims made against David Sefton and the former directors of Iconic Labs PLC.
COMPANY VOLUNTRAY ARRANGEMENT PROPOSALS
Company Voluntary Arrangement ("CVA") Proposals have been finalised and are being sent out to all creditors and shareholders, together with Notices of Meetings of creditors and shareholders to consider the CVA which to be held on 22 September 2022, at 10.30 am and 2.00pm respectively. The General Meeting of Shareholders will include a Resolution to approve the CVA will be held at the offices of KWM Europe LLP, 9th Floor, 24 Monument Street, London, EC3R 8AJ. The meeting of shareholders will, if the CVA is passed, consider, in addition to a resolution to approve the CVA, resolutions to authorise the directors of the Company to allot shares and to disapply statutory pre-emption rights. These resolutions relating to the issuance of shares by the Company will be crucial to the Company's ability to raise future finance, including from the European High Growth Opportunities Securitization Fund as part of the "future funding" as described below.
A Form of Proxy must be completed, signed and received by Company's registrar, SLC Registrars, in accordance with the shareholders' circular.
FUTURE FUNDING
Subject to the CVA being approved and other resolutions being passed by shareholders at the General Meeting, the European High Growth Opportunities Securitization Fund have agreed to provide funding for the CVA and general working capital purposes, under existing and new facilities, subject to certain conditions precedent.
RE-LISTING OF SHARES
If the CVA is approved, the Board will enter into discussions with the Financial Conduct Authority with a view to the Company's suspension of shares being lifted. The Company's annual accounts for the year ended 30 June 2021 have been prepared and once audited will be published along with interim accounts to 31 December 2021.
ADMINISTRATION
If the CVA is approved, it is anticipated that the Administration will be brought to an end as soon as is practically possible.
30 August 2022
Late reported trades have the original time stamped
156k buy @58p at 16.43
Can anyone help? I hold US ADR's as opposed to the UK Ord. Would I still get the Accustem shares? 2 Accustem for every ADR?
I hold in my ISA, will they go into my ISA?
I'm holding 2.5m, not selling any til after news
These are from Riverfort £1.5m CLN. This should mean they are almost completely out.
Great to see prior to LOI news
Are u not @ListerDaniel4 on twitter? IF not....I humbly apologise
Cos he's a prat, one day he's tweeting he has a source who told him spd were going to offer 6.5p CONFIRMED, very next day he's saying sell
LENDERS IN FOR A MUCH BIGGER HAIRCUT UNDER PRE-PACK
PenMin sold CRA to ALO, and at the same time bought 60% of ALO. What does all this mean? Anyone savvy enough to decipher this?
https://www.competitionauthority.co.bw/sites/default/files/Merger%20Notice%20No%2020%202017%20-%20Alecto%20%20Minerals%20and%20Cradle%20Arc%20Investments%20and%20Penmin%20Botswana.pdf
It wouldn't be £3m. Half that is CLN available in tranches for drawdown. But, my calcs are as follows; 1.5m existing + 0.645m to Lyca. Total Issued shares is 2.155m. Cash £1.3m = £0.60 ish/ share
Anyone disagree/concur?
I hold 10m/5k