Member Info for HK85

I was expecting MA to release to the press that he is in advanced negotiations with the BOD re one of the options given to him but instead he’s threatening legal actions, I’m pretty sure if no certain that the BOD had already legal opinion before releasing their RNS re the possibility of SH being wiped out. It’s about time that we as SH accept the fact that we have lost and it’s game over. It was a costly lesson for me and a learning curve that the moment my losses exceeded 50% I should cut my losses and call it a day

Alwayswinning his big mistake was trying to acquire DEB on the cheap and up till now this is his agenda, he’s yet to realise that game is over “put up or shut up, get involved in the rights issue or participate in the subordinated loan” it’s as simple as that

Sports Direct has protested that it has not been provided with sufficient financial information or time, and said the urgency was at odds with statements earlier in the year that Debenhams would need to refinance within 12 months.

Whether you’re a shareholder or have a short position, SPD have a point here besides the finance restructuring with the lenders have started in January and they came to a conclusion towards the end of March so the least the BOD should have done was giving MA the same timeframe

He should have participated in the subordinated loan and save his stake instead of all of this tantrum!! Too much ego

Despite receiving the email today at 13:15 they date it as the 30/03!!!

Dear Sir

Thank you for expressing your views regarding Sports Direct International plc’s (Sports Direct) request for support for Mike Ashley (the current CEO of Sports Direct, the owner of House of Fraser) to become CEO of Debenhams plc (Debenhams). Your communication is noted.
Unfortunately you have not given us any means of identifying you as a shareholder so it would be helpful if you could confirm the number of Debenhams shares you hold and the nominee through which you hold them.

The Debenhams board continues to work hard to preserve value and optionality for our shareholders, including by ensuring that our refinancing arrangements announced on 29 March provided routes for Sports Direct to participate in a comprehensive solution to the group’s funding requirements. We are continuing to explore options with Sports Direct and will provide a further update on this in due course.

Yours sincerely
For and on behalf of
Debenhams plc


Paul Eardley
Company Secretary


30 March 2019


The Directors
Debenhams plc
10 Brock Street
Regent's Place
London
NW1 3FG

I’ve received this email today and despite the fact I had attached a proved of my shareholding this is what i get from them!!!

Warik I’m good mate. I know what you mean but he’s just stating his views. No I still hold my position in DEB 10 or 15k salvaged won’t make me richer. Every party has gone silent let’s see what Monday will unwrap.

Warik how are you bud? Daniel could be right or wrong only time will tell but I personally have respect for his knowledge.

Daniel are you still considered the bad guy on here only because you’re sharing your views!!

Scully even if MA bids 1p the bod are obliged to pass it on to the SH for voting, after all they can’t just say your bid is rejected because it doesn’t serve the interest of our SH whom they want to wipe in the first place

I’m out tomorrow at whatever price I get, i stuck around after deb latest rns on the hope that MA would participate in the subordinated loan and instead he’s asked for SH to fill a form supporting his appointment as ceo. What a joker!!

Themuir I’m not trying to put you off but this is old news as of now no bid, I think the bid was only to try and stall the bod which obviously didn’t work. He’s left with 2 options either underwrite new issues or participate in the subordinated loan and I think the latter don’t serve MA best interest as he wants to be ceo in return and the bod and lenders highly object itb

Deepestblue it was a very bad decision for me i was attracted by how cheap the SP was at the time and didn’t do much of due diligence and I’m paying the price now

Deepestblue he is waiting for MA to bid, MA is actually bidding but in other companies

Not my place but my advice to you mate sell asap a lot of drama is circling around this share. I would have sold and salvaged a bit but 83k invested with a current value of 12k fuck my life

Scully what’s your average atm

I hope so but highly doubt it I should have fucking sold at 3.70

Scully make up your mind buddy you’ve said sub 1p and now 5+ which one is it

Themuir I hope you’re right but I’m starting to feel there’s no light at the end of the tunnel. A few months back we were insulting MA on how he’s dragging the share down with his attack on deb and now he became our saviour.

Coldspy I know such things take time but when deb announced their first rns on the 22/03 and mentioned the possibility of SH being wiped out SPD came back within minutes and offered to buy MDN to avoid SH being wiped out. It’s been 4 days since deb latest rns and nothing from MA