Member Info for John2015

Calamari I agree the RBS 20/01 says the scheme document to detail a the arrangements for a vote on the firm offer will be issued within 28days i.e. by 17/02/20 and it is expected to take effect ( the vote will have happened and the sale of all SXX shares would take place by 28 March ) if 75% of the shareholders vote for the offer.
So we have 3 deadlines
The Scheme document issued by 17/02
a vote whenever the Scheme document says it will be
and if 75% of shareholders vote for the offer on that date, completion by 28th March.
I have asked Hargreaves Lansdown, my brokers, to explain arrangements for voting by proxy (via them) to me and received a reply saying they will do so. As soon as I have that reply I will share it here.

I take it this is the firm offer - was there an RNS if so I missed it in the hundreds issued ! So Mar 28th is the new deadline not mAR28TH IS THR NEW DEADLINE ?SHOULD READ I take it this is the firm offer - was there an RNS if so I missed it in the hundreds issued ! So Mar 28th is the new deadline not Feb 5th ?

I take it this is the firm offer - was there an RNS if so I missed it in the hundreds issued ! So Mar 28th is the new deadline not mAR28TH IS THR NEW DEADLINE ?
Timetable
? It is intended that the Acquisition will be effected by means of a scheme of arrangement of
Sirius under Part 26 of the Companies Act, further details of which are contained in the full
text of this announcement (and will be included in the Scheme Document). Anglo American
and Bidco reserve the right to implement the Acquisition by way of a Takeover Offer, subject
to the Panel’s consent and the terms of the Co-operation Agreement.
? The Acquisition shall be put to Sirius Shareholders at the Court Meeting and at the General
Meeting. In order to become Effective, the Scheme must be approved by a majority in
number of the Sirius Shareholders voting at the Court Meeting, either in person or by proxy,
representing at least 75 per cent. in value of the Sirius Shares voted. In addition, a special
resolution implementing the Scheme must be passed by Sirius Shareholders representing at
least 75 per cent. of votes cast at the General Meeting.
? The Acquisition is subject to further conditions and terms set out in Appendix I to this
announcement, including the receipt of the relevant clearances from the competition and
regulatory authorities.
? Bidco and Sirius intend to work together (to the extent legally permissible) to engage
constructively with relevant stakeholders.
? It is expected that the Scheme Document, containing further information about the
Acquisition and notices of the Court Meeting and the General Meeting, shall be sent to Sirius
Shareholders within 28 days of this announcement and it is expected that the Scheme will
become Effective by 31 March 2020.

In accordance with Rule 2.6(a) of the Code, Anglo American is now required, by not later than 5.00 pm (London time) on 5 February 2020, the date 28 days after today's announcement, to either announce a firm intention to make an offer for Sirius in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Sirius, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
SO HAS A FIRM OFFER BEEN MADE ?

How are the 28 days calculated - is it working days OR CALENDAR DAYS ?

The 100,000 I bought cost me 1.05 but as they are with HL are valued at the bid 0.95 - had hoped for a late tick up back to 1.00
but the MM's make Ebeneezer Scrooge look like a philanthropist !

05/02/20 is day 28 ?

A formal offer from AAL after the close ?

Another 100,000 shares to drop my ave to 2.73.
Here's hoping the PSA is sorted soon and the licence drops. This is some of whats left of the money I had in SXX so a return here would be very welcome !

So I'm hoping he has a better idea than we do of what is coming and when !

fj I'm staying I think this will come good. My average is just under 3p as I started buying Feb 2017, so a bit if a way to go to break even but I do believe there's more to come if we just get the licence we're all waiting for.
GLA LTH

To resemble the apocryphal lady of the nights apparel.
A traders dream ? Not really with the stupid spreads, although there is sometimes the opportunity to make some return ( I've never bothered ) .
Just get on with it - the company along with others unfortunate enough to be caught up in Tanzanias PSA Reviews, is starting to look like a joke and a liability.

I'll wait - impatiently, but I'll wait.

SXX and AAL offer
Dear Mr John2015

Thank you for your email.

We are currently awaiting the official Scheme of Arrangement document to be issued regarding this potential takeover.

Until the official document has been published we will not able to speculate on the proposal.

Once the document has been issued we will write to our clients outlining the details of the scheme, our clients options and how to submit your instruction with us.

We are yet to be informed as to when this document will be published.

Please rest assured that will be in contact in due course once we have been provided the official details of the scheme.

If you have any other questions, please do let me know.

Kind regards,

Tom Redmayne
Active Savings & Investment Helpdesk Consultant
Hargreaves Lansdown

and in an attempt to provide a music related diversion “How long has this been going on” Ace 1974 springs to mind.
Any other offers ?

Good morning all ( those of you that are left ).
Lets hope we get some detail , dates/locations of votes etc, maybe some more from ShareSoc and even , you never know some news from SXX on alternative offers, why they were rejected and perhaps even a last minute counter offer.
Its not over until its over. GLA.

Northern February 2020 ?

Almost 40m Shares ?

Seems to me and many others that there are/may be some issues to answer.
Strategic Review not complete ? Information not revealed ?
Approaches from consortiums not disclosed ? Deal with AAL discussed during one or more open offers ?
Taking the company private while saying finances would be all debt or a debt/equity mix or strategic partner (PARTNER NOT OWNER).
Who knows what else, may not have been revealed ?
Given the current circumstances and the many investors with heavy losses it seems to me these are all very very pertinent and reasonable questions to establish all is above board and fair or identify and deal with any issues discovered .

£45 on top of our losses is a tiny fraction extra to pay for the opportunity to join a group which collectively has a much greater chance if getting some answers than any if us individually.
Absolutely well worth it IMO. Not expecting anything quickly or any money back out of my loss but very happy to see the issues fully explored and take the chance to hold those responsible to account.