Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
LTIP Awards in May '21
"The vesting criteria are based on absolute share price performance over a three-year period and specific performance targets related to carbon emissions from operations over the same period. For the awards to vest in full, a 100% increase in average share price must be maintained for at least a six-month period together with a significant decrease in carbon emissions per barrel of oil equivalent produced."
Surely they won't need to wait 3 years for a doubling of the sp !
With all the money that is flowing in to the company's coffers, is it a possibility that a special dividend may be forthcoming?
Presumably the sp was a lot lower when negotiations took place to get this placing off the ground.
Worth adding at this price with all that is to come.
It is hard to believe that the sp is still at a level it was over 2 years ago !
Distil plc (AIM: DIS), is pleased to announce the appointment of Michael Keiller as an independent Non-executive Director with effect from 1 July 2021.
Strong CV.
how / who is keeping the sp being restrained within this fairly tight range !
In consideration therefore the Farminee will bear 60% of the costs of the first well up to US$15.5 million and thereafter (if applicable) each of the Company and the Farminee will bear 50% of the costs both of that well and any future costs relating to other work which may be agreed to be undertaken
The Farminee will also pay President on completion of the agreement the sum of US$4m in consideration of the Company agreeing to enter into its performance obligations under the Agreement
Fat Malcy's comment -
"As I have said a couple of times recently there is a transformation underway at Sound and as well as a significant reduction in ongoing costs. They now have Afriquira Gaz as a partner (they are a £1bn market cap company) and that future is mapped out now all about delivery as well as the facilities situation. I thought that the deal with the bondholders was a specifically immense achievement which bodes well for the future."
No one seems to mention the tax situation, has ot gone away?
"Anyone who can’t see an issue with this needs their head read. 25p is the fair reasonable value of this share. I wonder why?"
25p does not appear 'reasonable' when considering the information the company has revealed since the last successful placing at 31p.
That's the market for you.
Jade and Topaz projects in China have been substantially de-risked and are estimated to have among the best geological chance of success (GCoS) of any prospects in the world, according to stockbroker Cenkos
Mitch Flegg, Serica's CEO stated: "we continue to actively pursue M&A opportunities that can broaden our asset base and add further value for our stakeholders. I look forward to updating shareholders on our progress during the rest of the year"