Member Info for kmack46

Thanks for that. If it does work out at £0.01p. Then I cant see a mass exodus of share holders selling to get out after the 40/1 dilution.

Has any one got a fair idea as to the relist share price? Especially after the shares in issue will be divided by 40 to 1??

WOW a 40 to 1 consolidation will prove a huge loss to a lot of us if it only floats at £0.01p p/s.

Wishful thinking

Hi YingTong
Thanks for that. Just when I had the chance to read it I was saying to myself hang on an RNS means Regulated News Service and when I could not find it as part of the RNS list I started to think someone was p[lay silly beggers.

Hello Ying this must be the first time I have to disagree with you. The link clearly states an RNS number.

https://www.investegate.co.uk/nu-oil-and-gas-plc/rns/intention-to-float/202110190700074376P/

Why is the RNS not showing up on LSE?

And can you enlighten us please as to what your informant has divulged

Do you have any vested interest in this company

I think we are going to be pleasantly surprised

Hi l disagree the amount should be £0.00027 not that it makes much difference. But when our new figures show £0.01 it really depends on how much you have in your ISA l don't think the small share price will effect your ISA unless you hold million of the old NUOG shares

Hope all this gobbly gook makes sense to some one LOL

Under Action Outstanding >

Stock
NU-OIL AND GAS PLC ORD GBP0.000001
Event Type
De-Listing
Description
Delisting
Effective date: 5th May 2021
Market affected: Alternative Investment Market (AIM)

Nu-Oil & Gas plc has cancelled its listing of Ordinary shares from trading on AIM. This became effective on 5th May 2021 at 07:00am.

Please be informed that it is the intention of the board to re-admit the company?s shares to trading as a Standard Listing on the Main Market of the London Stock Exchange (LSE) upon completion of their proposed acquisition of Guardian Maritime Ltd and Guardian Barrier IP Ltd.

ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered a qualifying investment.

SIPP, Pension Trading Account, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products.

Just had a message to visit my account with ii and go to the corporate action section this is what it says under the corporate action Type: Delisting. >
De-Listing
This is where a company withdraws its listing on an exchange. This may result in the company becoming a privately traded company or that your shares will be moved to an alternative market where trading is still supported.
In the events detail section >
CORPORATE ACTION NOTICE Important information about your stock
6 May 2021
A corporate action is taking place in relation to NU-OIL AND GAS PLC (stock code B29T960), which you currently hold in your portfolio.
What is happening?
Delisting
Effective date: 5th May 2021
Market affected: Alternative Investment Market (AIM)
Nu-Oil & Gas plc has cancelled its listing of Ordinary shares from trading on AIM. This became effective on 5th May 2021 at 07:00am.
Please be informed that it is the intention of the board to re-admit the company’s shares to trading as a Standard Listing on the Main Market of the London Stock Exchange (LSE) upon completion of their proposed acquisition of Guardian Maritime Ltd and Guardian Barrier IP Ltd.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered a qualifying investment.
SIPP, Pension Trading Account, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products.
Special Notes
Limit Order: If you have placed a Limit Order or Stop Order in respect of a financial instrument that has been affected by a corporate action we may, but are not required to, cancel the pending order.
Book Costs: We cannot guarantee that book costs will be updated in line with rules for all jurisdictions. You are encouraged to review and adjust your book costs after the corporate action has taken place in accordance with your personal circumstances prior to making any investment decisions.
032TD01_RUN13115_TDW_GV_ONLY/000134/000134/SG601//i
Reinvestments: If you have elected for Dividend Reinvestments, your preferences may be lost as a result of a Corporate Action; if this occurs you will need to update your preferences in order to continue using the Dividend Reinvestment Service. You can do this Online or over the Telephone.
Further information
• This information is provided to assist you with this corporate action. It's compiled from sources we believe to be reliable. Further information may be available on the Company’s website and/or within the Official Documentation to assist you in making any investment decision.
• There may be tax consequences as a result of the corporate action. As we're unable to offer tax advice, you may wish to consult a suitably qualified adviser before making any investment decision.
• Market conditions may affect the value of any offer, therefore you may wish to consult a suitably qualified adviser before making any decision.
• Find out more ab

Wish they would bring back the thumbs down I think it is pretty one-sided to just have an approval thumbs up only.

Hi I have had no response from ii as yet. But it does make sense if the announcement/confirmation is not made the shares are worthless until the RTO is announced and the shares are floated on the main LSE.

Can but dream LOL. But yes I would be happy with £0.01p p/s as most seem to think.

Hi I have sent a secure message to ii for clarification. I'll update when I get a reply.
Here is hoping for £0.03p p/s with very little dilution.

Hi I never thought about this. I take it that my shares held with ii will automatically be changed from NUOG to Guardian shares???

Nope there it is it's just my internet connection