Member Info for JimiHendrix

Sharebel, that route would likely result in the loss of current rollout and adoption contracts/agreements (eg. Scotland and UK adoption, NICE guidance and more) as well as the departure of key employees. There won't be much of a company left for him to run, baring in mind he has little experience in this industry.

I do believe he is increasing his stake though, to gain more influence as a private investor and will help to structure some kind of financing without diluting his and others existing holdings.

Also I think there's no chance he'd be selling in tyo any rise, he's stated before the size of his investment at much higher prices than we have currently and how strongly he believes in the products.

From my understanding there can be a "whitewash" waiver but it has to be voted in...

Rule 9 “whitewash” is a Takeover Panel-approved waiver that lets a person (or concert party) cross or increase through the 30% control threshold without triggering a mandatory takeover offer, but only in very specific circumstances and only if independent shareholders approve it on a poll vote after receiving an approved circular with independent advice.

I think he's increasing to 25% + one share, as a minimum as this gives him the "blocking stake" a hard veto on any special resolutions.

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25% + one share (the “blocking stake”)

Hard block on special resolutions (which need 75% to pass). Special resolutions include AIM de-listing, changes to articles, disapplication of pre-emption rights, certain capital actions. On AIM, de-listing requires 75% approval (Rule 41).

Why do it? If he wants veto power over any delisting, re-registration, or other specials, over 25% is the magic number.

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29.9% (max influence without a bid)

Rule 9 tripwire at 30%: The UK Takeover Code requires a mandatory cash offer if a person (alone or with a concert party) acquires over 30% of voting rights; any increase between 30–50% also triggers it.

Why do it? 29.9% is often the sweet spot for maximum leverage (board seats, strategy influence) without triggering a mandatory bid—provided he’s not deemed to be acting in concert with others. (Concert-party holdings are aggregated for the 30% test.)

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30%

Must make a mandatory offer (Rule 9) at no less than the highest price paid in the prior 12 months (1.3p ish?) This is a serious commitment.

Why do it? Only if he genuinely intends to take control (and fund an offer).

I remember that, Onetimepost! It must have been 5-10 years ago now.

Something positive seems to be happening, the share price has just shot up. Likely either a large buy has been filled in the background or news leaked.

Many people don’t know how to vote, some platforms do not make it very clear how to actually do it and don’t even send out a corporate action email, so many holders will not have even known about it.

By the voting account, looks like David swayed the outcome here, as Padlock has pointed out.

60% of the voters, not 60% of private investors.

Would have thought the initial 400m Allenby clients would have been persuaded to vote YES but it seems most didn’t vote at all.

Amers, did you ask David's representative for any information about his intentions?

On the contrary, I’m hoping we hear from David as soon as possible—even a quick confirmation that he’s signed the NDA would help. Given the level of support he’s received, which has put our own holdings and the company’s future at risk, an update from him would be greatly appreciated. Thanks.

Amers, would you be able to tell us what time the meeting started? I know it was listed as 9am but it seems unusual that the RNS came out a couple of hours later especially as it sounds like it was a very short meeting.

DN has possibly invested a £million or more in Genedrive through partaking in fundraises over the years and buying on the open market. There is no way imo he will have voted NO if it puts his investment in serious risk. I expect even if the worst scenario happened he would be able to pick up the pieces himself. It'll be very interesting to see how his plans unfold over the coming days.

Rather than buying £1.8m shares I would have thought loaning the company the £1.8m under specific terms including salary cuts etc would be better – bridging the gap until CYP2C19 receives national commissioning. Shareprice will fly on any news of a loan.

Who are these quotes from? It's not clear.

Hi Amers, welcome back! Were there any interesting discussions or insights from it you can share?

Next news could be DN requesting a GM to vote him onto the board.

With his c.15% holding he already has enough to requisition a GM (5% needed), then to appoint himself (or a nominee) as a director he’d need an ordinary-resolution majority (over 50% of votes cast). Should be achievable given the support we've witnessed.

I expect David will help by introducing/sourcing alternative funding that prioritises existing holders, though not personally funding it. Either way I think it'll be a positive outcome.

Choochie, you're not tempted to take an immediate 50% profit then?

It’s shocking really, the company announced back in March “the board continues to assess longer term financing options”

If Genedrive had raised, say, £3 m in March 2025 at 1.5 p, they would have needed to issue roughly 200 m new shares.

• By waiting until September 2025 at 0.20 p, they must issue around 1.5 billion shares for the same cash — roughly 7.5 × more dilution.

• Hence, existing shareholders’ collective ownership dropped from a potential ~76 % post-March raise to ~30 % post-September raise (simplified, ignoring warrants).

The company will already know the result and I would imagine if it is NO they will put together a plan and announce this tomorrow. I doubt very much it will be winding up the company.

Gino mentioned there were other finance options but none of them were definite hence why they went with the huge dilution option. Do it’s very possible one of those preferable options is now on the table (likely less discount on a placing) and or something connected to DN.

I think the share price will rise if it’s NO and drop if it’s YES (just because of the huge number of new shares proposed at 0.2).