Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Certainly looks ominous at the moment. No update from TNT on twitter or company website, no change currently showing re winding up petition either.
Suspect it won't be long before the outcome is known though. Heads or tails....
I see the news is yet to be published... Good job theres another 8 hours of Monday to go I guess
I see the news is yet to be published... Good job theres another 8 hours of Monday to go I guess
Thanks for that, encouraging signs. Hopefully the 19th Jan MBF launch is going ahead.
Has anyone yet found a broker willing to allow transfers of TNT stock into them?
Previous rns announcement suggested a target date for mbf of 19 Jan. However, as we all know only too well, tnt and target dates.... Nuff said but keep the faith
As annoying and stressful as it is, I think we can only sit and wait for some sort of announcement on the Matches Bargaining Facility.
The company must know that many PI's are left with seemingly illiquid share holdings. So long as the MBF materialises I think those of us with shares in standard trading accounts should be ok and I'd expect either Tintra or JPJenkins, who they are working with to establish the MBF, to provide information to shareholders regarding process and next steps. If we have now news on things by end of January I'll be concerned but fingers crossed for much sooner than that
CTSFO... Read my post outlining the Halifax position. I'd hardly say selling via the MBF will be easy in that situation. I and all other Halifax customers (alongside all the other brokers taking the same stance as Halifax) are going to have to wait for their shares to be transferred from their ISA then into standard trading accounts with their current broker.
Then we are going to have to find a new broker willing to engage in the MBF process and transfer holdings across to them before then seeing what the MBF will offer for stock. This is far from easy. Hopefully IF the MBF materialises then information on the jenkins website will include a list of brokers that will be participating in the MBF process, otherwise just finding a broker to transfer ones existing holding is going to be a time consuming ball ache.
Received this info from Halifax:
Proposed Cancellation of Listing on the Alternative Investment Market (AIM).
Important Information & Other Key Dates:
Tintra Plc (Tintra) is proposing to cancel the admission to trading of its Ordinary shares on the AIM.
The Cancellation received shareholder approval at the General Meeting of the Company held on 4th January 2024 and is expected to become effective on 8th January 2024.
The Tintra shares were suspended from trading on the AIM on 6th December 2023, therefore you are no longer able to trade in your Tintra shares.
The Directors intend to create and maintain a matched bargain settlement facility via J P Jenkins. The intention is to set the price at 150p pence per Ordinary share, there is no guarantee that there will be a buyer at this price. Once the matched bargain facility has been arranged, further details will be made available to shareholders on the Company's website at www.jpjenkins.com.
Regrettably, we are unable to facilitate trades using the Company's matched bargain facility. Should you wish to use the Company's facility following the delisting, please refer to the Tintra website or contact Tintra for further information on the process.
Please be aware that you may be required to transfer your shares to a Broker that participates in Matched Bargain facilities.
If the Cancellation becomes effective, the Tintra shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your Tintra shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you.
Should you retain your holding of Tintra, we will notify you on receipt of any further information from the Company.
Should you wish to find more information about the Cancellation, please visit the Tintra website, www.tintra.com
Aren't they already in a nominee account operated by jarvis then or do you have your own share certificates? I thought all holdings with the big brokers were held by them in their nominee account and then each private investor essentially has a number of shares in the nominee account allocated to them as per their individual trading transactions?
Has anyone with a tnt holding with halifax had any communications with them regarding what happens to tnt shares held with them?
I'm yet to hear anything and nor are there any corporate actions flagged on my account. Going to give them a call in the morning to see what the hell is happening or needs to happen to get them sold via the matched bargain facility if it happens.
The lack of detailed comms on this from broker and tnt is pants.
Onemoretime is that in relation to tintra shares held in a sipp?
My TNT holding is in a Halifax ISA, when I opened the Halifax share dealing account they created both an ISA trading account and a standard non ISA one. I'm assuming given info in this thread that Halifax will have to move my TNT shares out of the ISA account and into my non ISA one.
Question is how is that done when shares are suspended, is it a simple administrative thing done by Halifax in this case rather than a situation where the shares have to be sold from the isa and rebought to sit in the non isa bit?
Halifax have yet to send any info on corporate actions etc relating to my tnt holding. Guessing they're waiting to see what happens next week.
Like others I want to take the £1.50 offer and then run for the hills...
Bunsen, sorry for late reply. I thought it noteworthy given the still as yet unresolved issue of the CLN. Its my understanding that the dispute is with Fintech, the same party as is behind LRB35.
I wonder now who was behind the nomad resignation, was it a nomad own decision or have they been influenced by the current board or LRB35? Who knows. This is now such a mess for everyone involved, the company, LRB35, existing holders, Fintech and even brokers who hold shares on nominee basis on behalf of PI's.
Will be fascinating to see what unfolds in the days and weeks ahead even before the 4th January meeting imo.
Is there a date by which the tender offer has to be confirmed?
Interesting to see that LRB35 includes CFP Fintech LLC...
https://find-and-update.company-information.service.gov.uk/company/15108447/officers
Additionally, the more shares they can buy on the market sub £1.50 the less they will need to buy at £1.50 so it's not surprising to see deramping to give them a hand...
This company is about the future. I'd hazard a guess that long term investors won't mind at all whether it is listed or not. The move to delist is for the benefit of private equity and indeed it has been widely discussed on here already how usually this sort of company at this stage in its growth journey is normally in the hands of private equity rather than publicly listed.
So looks like the £1.50 offer remains albeit slightly different mechanism with existing shareholders able to choos whether they sell their shares or keep them in a delisted company structure m
Given the previous extension to takeover talks expires on 5th November we should get a further update on Monday.
So what will it be? Takeover offer submitted, another extension or offer withdrawn?
Makes for good reading 😜
If they don't I'm assuming trading will be suspended again?