Member Info for Martion

If the shares are delisted and the company goes private, any shareholder who held thier shares electronically will be issued with some form of paper replacement certificate for thier remaining shares by the company. Acertec have stated that within a short timescale that they will set up a simple in house system to buy and sell shares. I have no idea how you monitor the share price although this may be via thier web site? I am no expert but am holding on to mine (I think!), hoping they sucessfully refinance thier debt later in the year.

Galaxy, I am not sure whether 1 or 2 from your last post is the correct position on this. I have e mailed Equiniti today with clear instruction on how I wish them to vote on my behalf along the following lines: "Please can you make the following vote on mybehalf concerning the proposed delising from the AIM and re-registration as a private limited company, using the CREST electronic voting system. I hold XXXXXXX? shares in the company in my Equiniti investment account. number ????.........." Special Resolution 1. Vote ????? ....... the resolution. Special Resolution 2. Vote ????? ...... the resolution. Ordinary Resolution3. Vote ????? ......the resolution. Votes need to be cast by 2pm on 20th June. I will let you know if & when I get a response!

I was simply concerned following the words sent to me from Acertec "The nominee is also the legal holder of the shares and therefore retains the voting rights in the shares". I agree that under normal circumstances the broker whould almost certainly not bother to vote, however this issue has a direct effect on thier business (if Acertec go private, they loose all of thier business from this stock), therefore it it the one circumstance they may make an exception and vote? The same with the other brokers? I will contact Equiniti and try to find out where I stand.

I for one do not currently make a living buying & selling shares and am no expert. I would however like to get much more involved in dealing, as I need to make a dent in my mortgage somehow! I have a mixed portfoli with some safe companies in recovery like Taylor Wimpey and others like ACER & ICX which are high risk. Good Luck

http://www.shareview.co.uk/Products/Pages/InvestmentAccount.aspx Galaxy - link to my broker to cut & paste into your browser. Equiniti - Shareview. My worry is most private investors hold thier shares electronically these days in a nominee account. How many share holders simply know nothing about the proposed delisting and will not get to vote because the nominee retains the voting rights in the shares and chooses not to send out the circular and voting form to the real shareholder. The broker/nominee is going to vote to keep the shares listed, becuase if they vote for delising, they lose all their future trade dealing with this stock!

Having not received any delisting information or voting form from the company, I contacted them to ask why I have not received anything. This was the response I received today. "Thank you for your email regarding the proposed delisting of Acertec's shares. If you purchased your shares through a share dealing account rather than in your own name then that notice will have gone to the nominee who holds the shares on your behalf. The nominee is also the legal holder of the shares and therefore retains the voting rights in the shares". Does this mean that as I hold my shares electronically in an Equiniti Investment Account, that I do not get a vote in the proposal. I would have thought there will be many others in the same position and this will effect the outcome? I would not have known about the delisting propsal other than from this LSE board.

You need to search for group Acertec Plc and not for acertec@yahoogroups.com. I have joined the group and thank surdy for setting it up.

Thanks for your post. I also think there is 7p potential in these shares following delisting. The company must already be holding preliminary discussions with its creditors based on the proposed way forward and already have reasonable confidence of sucess. I agree there will be wild swings in SP during final week of trading and some good buying opportunities. I will be holding and possibly topping up further. Holding on.....

I have also decided to stay in this for the long haul. If ACER are able to renegotiate thier lending later this year and deliver savings, then there could be significant gains to be made from these levels so I will be holding. As always a risk. Good luck!

The future value of our investments surley depends on the sucessful renegotiation of the groups credit facilities with its lenders, reduction in costs & a turn around in the car market which will come with time. Are ACER more likely to succeed with thier lending negotiations with the group delisted? If negotiations are sucessful and with an improving economy, these shares will surely look cheap at todays prices whether held privately of listed on the AIM. I will be holding either way but am still unsure whether delisting is best or not to help this process?

I have not received any documents relating to the proposed de-listing. Is it available electronically? It is not on company web site. I just dont have enough information to know how to respond to Galaxy's post.

2:1 buys this morning but still do not really understand the implications of both the company statement yesterday (see post of 17:01) and the impact on share value of taking the company private. Still holding

On 26 May 2009, Acertec announced the proposed cancellation of the trading of its shares on AIM and re-registration as a private company. Further to this, the Company announces that a circular containing a notice of General Meeting to be held on 22 June 2009 is being posted to the Company's shareholders today and will be available shortly on the Company's website: www.acertec.com. Acertec also announces that the Board has completed a review of the Company's net asset position and has concluded that the value of the Company's net assets is now less than half of its called up share capital. As part of their ongoing review of the Group's continuing operations and financial position, the Directors are required to make a judgement as to whether it is probable that any deferred tax assets will be recoverable. Based upon the latest forecasts, the Directors are of the view that this is not the case in respect of the majority of the Company's deferred tax assets and, accordingly, such assets will be de-recognised. The Company was also carrying goodwill of £3.4 million at 31 December 2008 in respect of its loss making UK automotive business. On this basis, the Directors have concluded that the value of the Company's net assets is now less than half of its called up share capital. In such circumstances, the Directors are obliged under section 142 of the Companies Act 1985 to convene a general meeting to consider whether any, and if so what, steps should be taken t

Good idea but problem is never having had experience of holding a share which de-list, I am unsure of the impact either way on my investment. Only hold 31,000 @ 0.0318p but like the idea of a unified approach based on what is best for my investment and others. Any advice gratefully received. Certainly holding for now.

Surley someone buying 750,000 shares @ 7p £52.5K on Wednesday knows something we are all missing? This must be a hold for a bid price above 7p or is there a massive gain to be made once the shares are de-listed?

Why was the publication delayed for a trade of £52.5K buy @ 7p today at 09:08 and yet only showing now on the list of trades at the top of the list after the close?