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Avia Health Infrmtcs Holding in Company RNS Number : 3319P Avia Health Informatics PLC 30 September 2013  Avia Health Informatics Plc ("Avia" or "the Company") Significant shareholder notification The Company was informed today that, following sales of ordinary shares earlier this year, Mr Desmond J. Owen, no longer has a notifiable interest in the issued ordinary share capital of the Company. 30 September 2013
I'm not the only one who thinks this is a great buying opportunity Buys outweighing sells roughly 2/1
Access Intelligence Trading Update RNS Number : 1726P Access Intelligence PLC 30 September 2013  FOR RELEASE 7.00AM 30 SEPTEMBER 2013 ACCESS INTELLIGENCE PLC ("Access Intelligence" or "the Group") TRADING STATEMENT Access Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for the full life cycle management of a company's governance, risk and compliance, is today providing the following update on its current trading and anticipated results for the year ending 30 November 2013. The Group is expected to report revenue of approximately £8.4m for the current financial year which represents revenue growth of 5% compared to the prior year but which is lower than current market expectations. The lower revenue, principally the result of weaker trading in one of the Group's divisions, is expected to result in the EBITDA for the year being lower than market expectations but ahead of the previous year. Despite the significant investment in the York Development Centre on product innovation that is expected to drive growth for 2014 and beyond, cash flows remain robust with the year-end cash expected to be approximately £1.2m. We expect to release the final results for the year ended 30 November 2013 in March 2014.
PI's only hold around 25% Wonder what the fund managers etc below think of all this and what they'll push for Major Shareholders Stake % Desmond Bloom 7.38 Michael Bennett 7.38 Robert Crouch 7.38 Desmond Owen 5.85 Octopus Investments Nominees Ltd 5.10 MFM Techinvest Technology Fund 4.98 Medicinfo BV 4.01 Redmayne Bentley 3.14 Vychan Properties Limited 3.07 Nigel Kilminster 3.07 Terry Tyrell 3.02 Prof Jeremy Dale 10.91 Maven Capital Partners UK LLP 10.22 Total 75.51
I would tend to agree
Avia Health Infrmtcs Proposed CVA, Disposal and Placing RNS Number : 8831O Avia Health Informatics PLC 25 September 2013  25 September 2013 Avia Health Informatics PLC ("AHI" or the "Company") Publication of Circular & Notice of General Meeting The Company announces that it expects to publish today a circular to Shareholders (the "Circular") convening a general meeting to be held at 11:00 a.m. on 16 October 2013 at the offices of Peterhouse Corporate Finance Limited, 31 Lombard Street EC3V 9BQ, to consider the Proposals detailed in this announcement, including a proposed Disposal of Plain Healthcare, a Company Voluntary Arrangement and a placing of new Ordinary Shares. The Circular will be available on the Company's website at www.ahi-plc.com. A summary of the material parts of the letter from the Chairman of AHI contained within the Circular is set out below.
AIControlPoint AI ControlPoint Incident Monitoring and Management Software Date of Investment 2009 More Info »AIMediaComms AI MediaComms (previously Solcara Media Division and Ether-Ray) Media relations management and marketing communications software Date of Investment Solcara - November 2008, Ether-ray – June 2009 More Info » AI Talent Compliance Training and Learning Management Software Solutions Date of Investment: March 2010 More Info » AI Procurement Esourcing and contract management solutions. Date of Investment: June 2006 More Info » AI TrackRecord Compliance and Business Performance Solutions for the Financial Services. Date of Investment: October 2006 More Info » AI Cloud Managed services, data management and security solutions. Date of Investment: July 2005
Access Intelligence targets small to middle market software companies with good growth potential in selected niche sectors that want to create and release value within their businesses focusing on: Compliance software for: The PR and Media market Procurement Financial Services, Legal and other regulated industries Our Board of Directors, newly formed in late 2008, offers a blend of corporate finance, operational and IT skills well balanced for this Group’s strategy. The Board is headed by Michael Jackson, formerly Chairman of Sage Group Plc, who has a track record of success in the software sector.
The Quality of investors Share Information at 5th December 2012 Total shares in issue: 227,604,029 Number of Shares % Fund managers Elderstreet Investments Ltd 33,005,000 14.5 Octopus Investments Ltd 23,113,000 10.15 Unicorn Asset Management 21,400,200 9.40 Maven Capital Partners 7,367,574 3.24 Hargreave Hale and Co 7,243,056 3.18 TD Direct Investing 6,672,922 2.93 Directors Michael Jackson, Chairman 22,363,636 9.82 Jeremy Hamer, Non-exec 6,527,487 2.87 Joanna Arnold, COO 5,000,000 2.20 David Lowe, Non-exec 4,597,475 2.02 Kole Doot, CFO 1,800,000 0.79 Henrik Bang, Non exec 301,500 0.13 Shareholders above 3% David Alderson* 9,065,641 3.98 * Denotes director or employee of subsidiary company
As to who gets it for the nominal sum
too late....
I also propose to appoint Nick Kennedy, who supports my strategic vision for the business, as interim Chief Executive. Nick has agreed to hold the role only until we find a full time replacement. It is my intention that this process will be led by the new independent Chairman. I would hope that a new CEO could be found within three months. It is for these reasons that I and my supporters believe it is in the best interests of all shareholders to vote against the resolutions. I am grateful, honoured and humbled by the support that my colleagues (many of them shareholders) have shown. I am also aware that a number of shareholders have already voted against the Resolutions and I am very grateful for the indications of support received from those I have spoken to and welcome the opportunity to speak to all shareholders should they wish to contact me. Yours sincerely, Peter Kennedy
"John began his career as a private client stockbroker at NCL (Smith & Williamson). He then spent time in Hong Kong raising money for Asian funds and companies. He returned to the UK in 2005 and joined the corporate broking team at Seymour Pierce, where his primary function was raising money for international companies and the development of the investor base. He works with Hedge Funds, Family Offices, Private Asset managers and traditional institutional investors" Hawkwood also stated on 29 July 2013 in their response to my statement that "John Grant is being proposed to become Bglobal's Chairman to carry out the specific task of carrying out a strategic review of the Company, which may or may not result in some or all of its businesses being sold", so I can only surmise that his appointment is a precursor to a fire sale of the Bglobal assets. Any move to do this would clearly be strongly opposed by myself; a number of other shareholders; and many customers and key employees. I own shares representing a total of 23.66% of the Company's entire issued share capital. Following my conversations with a number of major shareholders; staff; customers; and other stakeholders I have been asked to outline my plans for the Board, should the resolutions be defeated. I am proposing that if the resolutions are defeated and I am thereby given a continuing mandate to play an active role in the development of the business, I will immediately recommend the removal of Tim Jackson-Smith, CEO and James Newman, Non-executive director from the Board. I would take these steps because a number of the management team are clearly at odds with the board and order needs to be restored. I have already appointed independent advisers (at no cost to the Company) and they have reviewed a number of candidates for the Non-Executive Chairman role. I am delighted to say that John W. Polatch has agreed that (subject to the resolutions being defeated) he is willing to take on the role. I would then immediately step down as Executive Chairman. John W. Polatch, aged 68 has extensive corporate experience at ICL Fujitsu, a leading Japanese information and communication technology company with approximately £1 billion UK turnover and some 4,000 employees. During his tenure, he held various senior positions including Global Group Director of customer satisfaction, service management and projects in which he managed 200 major Global programmes. He was also UK Managing Director and in that role undertook a number of major departmental strategic reviews. As a proposed candidate for Non-Executive - Chairman, he would strengthen the existing board with his particular insight into how global software companies are run as well as his proven track record of project management experience and maintaining positive client relationships. I also propose to appoint Nick Kennedy, who supports my strategic vision for the business, as interim
Bglobal PLC Statement by Peter Kennedy RNS Number : 1507L Bglobal PLC 07 August 2013  STATEMENT BY PETER KENNEDY FOUNDER AND EXECUTIVE CHAIRMAN BGLOBAL PLC ("Bglobal" or the "Company") Shareholders urged to vote against all resolutions at General Meeting · Senior managers within the business; staff and customers support Peter Kennedy's strategy · Proposal of Board Changes if resolutions are defeated · Proposal to convene a General Meeting to remove Tim Jackson-Smith and James Newman from current board · Proposal to appoint new Independent non-executive Chairman, with Peter Kennedy moving to non-executive Director · Proposal to appoint new Interim Chief Executive · Substantial support for Peter Kennedy among employees, major customers and many shareholders · Hawkwood Capital proposals to lead to significant destruction of shareholder value Dear Shareholder, I am writing to you today to urge you to vote against all resolutions put to you at the forthcoming General Meeting. I have now spoken with a number of the Company's institutional shareholders; senior managers within the business; staff; customers; and other stakeholders. I have listened to their feedback and to concerns regarding the past performance of the Company, much of which I agree with. Shareholders with whom I have spoken are supportive of my strategy for growth and have indicated that they will be voting against all the resolutions proposed at the General Meeting. Importantly, senior management and employees at the operating companies within Bglobal are also supportive of my strategy and have expressed grave concerns about the Board changes proposed in the resolutions. Senior managers within the business have indicated their full support for the operational strategy that I have outlined for the Group as a whole. This seems to be in direct contradiction to Hawkwood's statement on 29 July that "John [Grant] believes he will be able to have a good working relationship with the Independent Directors and looks forward to working with them and the rest of the management team to effect what the Independent Directors have termed "the necessary change"." As well as supporting my strategic plan, many shareholders and employees share my concerns about Hawkwood's proposal that John Heathcoat Grant is appointed as Chairman of your Company. No details of Mr. Grant's experience and qualifications to be Chairman of your Company have so far been provided by Hawkwood. Therefore we can only go from the summary of his background provided on the Hawkwood website. I quote this in its entirety so that shareholders can make their own decision: "John began his career as a private client stockbroker at NCL (Smith & Williamson). He then spent time in Hong Kong raising money for Asian funds and companies. He returned to the U
# of Trades 30 Vol Sold 271,997 Vol Bought 553,048
sells 2/1
John believes he will be able to have a good working relationship with the Independent Directors and looks forward to working with them and the rest of the management team to effect what the Independent Directors have termed "the necessary change". We have taken this important course of action to represent the interests of independent shareholders and to protect our collective interests by putting the Company back on track, thereby realising a share price that reflects the value inherent to the business. Martin Evans, a former Director of the Company, has given an irrevocable undertaking to vote the 11.57% of the Company's issued share capital, which he holds, in favour of our Resolutions. We are aware that a number of shareholders have also voted in favour of the Resolutions already and Hawkwood Capital are very grateful for the indications of support received from the major shareholders it has spoken to (other than Peter Kennedy) and welcome the opportunity to speak to all shareholders in due course. Other shareholders ARE URGED TO VOTE IN FAVOUR OF ALL THE RESOLUTIONS AT THEIR EARLIEST CONVENIENCE. The General Meeting will take place at Eversheds LLP, Eversheds House, 70 Great Bridgewater Street, Manchester, M1 5ES at noon on Thursday, 15 August 2013. John Grant will be in attendance and is very willing to meet other shareholders and understand their concerns. He can also be contacted at: Tel: +44 (0) 203 195 6500 john.grant@hawkwoodllp.com
Bglobal PLC Response from Hawkwood Capital LLP RNS Number : 3069K Bglobal PLC 29 July 2013  Date: 29 July 2013 On behalf of: BGLOBAL PLC ("Bglobal" or the "Company" or the "Group") Embargoed until: 0700hrs BGLOBAL PLC ("Bglobal", the "Company" or the "Group") Response from Hawkwood Capital LLP to Peter Kennedy's Statement The Company announced on 3 July 2013 that it had received a notice from Hawkwood Capital's nominee requisitioning Bglobal's board of directors to call a general meeting of shareholders for the purpose of considering a number of resolutions, including the removal of Peter Kennedy, Executive Chairman, as a director of the Company, the appointment of John Grant as a director and Chairman of the Company and mandating the directors to conduct a comprehensive strategic review. The Company issued a circular to shareholders on 16 July 2013 convening the general meeting and words and phrases defined in that circular shall bear the same meaning when used in this document. Hawkwood Capital is disappointed that it has been forced to take this very public action. The Independent Directors have agreed to support all of our resolutions, including the resolution to remove Peter Kennedy. Our decision to requisition a meeting and table the resolutions has been taken very much as a last resort. The Independent Directors recognise that a change is needed within the Company both in culture and style of leadership. We are therefore surprised that Peter Kennedy has not resigned as he clearly does not have the confidence of the majority of his Board. Bglobal has remained a significant under performer for some time. Its results announcement on 23 July 2013 only served to emphasise the current shortcomings. We believe Peter Kennedy continues to pursue opportunities that have been in the pipeline for a considerable period of time without much evidence of progress. The Company's resources have been utilised annually to chase new initiatives, which have yet to demonstrate sustainable revenue and profitability. John Grant is being proposed to become Bglobal's Chairman to carry out the specific task of carrying out a strategic review of the Company, which may or may not result in some or all of its business being sold. He has no preconceived ideas entering into the process, but has the clear objective of seeking to maximise the value of the Company for all shareholders. Contrary to the supposition in Peter Kennedy's statement of 22 July 2013, we do not seek short term value for our shares, we seek true value. Friday's closing share price of 3.88p, is a long way from that. If the result of the strategic review is that there is a clear path to improved profitability and performance, that will be the path we support. John believes he will be able to have a good working relationship with the Independent Directors and looks forward to working with t
forgive my ignorance but who is Martin Evans?