Member Info for MaryBr190

No old school - snailmail only. Where can I find you on soc media, I can ask my neighbour to look you up?

ok how can we go about that? Meet at the Crown? 29th Feb :)

sellers are back I see.

Stokey
08:04 the sea of red post?
What do you wish to know?

unfortunately have no twitter stokey12

Good to see a positive start in a sea of red.

guess the FCA in me questions everything - as Lord Denning put it - a watchdog not a bloodhound. I prefer to see all the facts presented coherently and not smoke and mirrors.

Was the £5m revenue written off, fully recovered or partically recovered?

Simple to state.

JW over to you.

I agree it is good to hear. Should certainly be a fillup for the next set of accounts.

Not sure about that interpretaion, if so great.

The estimated revenue for Q4 2022 against this project was c£5m, part of which the Company expects to recover on final settlement during H1 2023.

Depends what was previously booked / received against the contract. I assume there were stage payments aleady made along the contract.

How much of the £16m relates to the £5m expected and how much of the £5m, if any of the £5m is now written off as lost revenue?

Assuming that 70% of the contract allowed for only 70% of costs, the margins should be maintained and the news is great.

At least it is settled.

A bit more clarity could easily have been used to relate the 30.12.22 £5m mentioned to additional cash received.

Evanescent, typo apologies, now a robot would not have made the typo danielh, guess that answers your question.

Breaking for danielh and evenascent ...

Here is the MaryBot.

......

https://images.nationalgeographic.org/image/upload/t_edhub_resource_key_image/v1638890052/EducationHub/photos/robots-3d-landing-page.jpg

In a nutshell Sunak has to fudge this....

The deal has to satisfy the Unionist community. It doesn't.
New arrangements must fulfil the guarantee of the Sixth Article of the Act of Union 1800”. They don't. This is not the position of the DUP but all unionist parties. For any change agreement is needed from the whole NI community under the GFA (Belfast Agreement) which the EU say they will uphold.
“The economic union is grounded in Article 6 of the Acts of Union, which guarantees unfettered trade on the same footing between and within all parts of the United Kingdom.
The NIP fundamentally alters the arrangements within the GFA. The recent judicial review of the NI Protocol resulted in striking clarity about the status of Article Six.
The government’s own legal team have argued at various stages of the judicial review that Article Six has been ‘disapplied’ or ‘subjugated’ by the protocol.
The Supreme Court judgement makes stark reading on this point. Paragraph 68 states that “whether the effect of article VI was suspended or modified or subjugated for as long as the protocol was in existence is not of real significance” the NIP does not disapply the Act of Union itself. It goes on to employ the words “subjugation”, “modified” and “suspended” in relation to elements of Article Six.
Current talks will do nothing to address this situation because they are merely about the operation of the protocol and not changing the substance of it.
As Lord Trimble said in 1998, “The Act of Union is the Union”.
It was on the understanding that the Union would be maintained that unionists were encouraged to buy into the structures of the Belfast Agreement.
The NIP and GFA are incompatible.

Will shoot up when least expected.

Strikes wages footfall working from home. All dampeners but will soon resolve.

No panic here, invested to hold until upturn, whenever and expect at some point to sell half and average down sub £1 from here.

Whether we go up first and then down or down first and then up is immaterial.

GL all.

See news is watering it down as "improvements".

More fudge than Thorntons.

From my sources it seems fudged. Agreement not endorsed yet by DUP but being presented with a whiff of pr to pull the wool.

In reality EU court jurisdiction not ditched so hard to sell to the unionist community unless... Riski has made EU ditch it.

Cannot see it myself.

Before and after pictures of the ship are a brilliant advertisement for HARL.

The next stage is a capital increase with subscription rights which will happen sometime after and prior to the 31.12.23.

Shareholders WILL receive subscription rights

#
TUI is obliged under the repayment agreement to work towards the implementation of one or more
capital increases with subscription rights - to pay off the the Silent Participation I of
nominally € 420m and repurchase the remaining warrant bond of nominally € 59m by the end of
2023. In addition, TUI intends to further significantly reduce the KfW credit lines.

#
The exact timing of the capital increase has not yet been determined and depends on a large
number of factors, including to a significant extent the development of the market. Pursuant to the
repayment agreement with the WSF, TUI AG is obliged, to the extent permitted by law, to use its
best endeavours to implement capital increases with subscription rights. This obligation applies as of
the effective date of the capital reduction until 31 December 2023 - subject to the positive
assessment of the respective capital market conditions by the Executive Board and Supervisory
Board.

#
Q When will the capital increase be carried out?
A The exact timing of the capital increase has not yet been determined

#
Q As a shareholder, will I receive subscription rights for the capital increase?
A Yes, in accordance with the subscription ratio yet to be determined

#
Q Will this be the last capital increase or will there be others?

A We intend to carry out the planned capital increase from two Authorised Capitals:
1. the Authorised Capital 2022/I (primarily for the full repayment of the funds received from
WSF); and
2. the Authorised Capital 2022/II (primarily for the reduction of KfW credit lines).

Technically, there are two capital increases. However, these will be offered within the framework of
a uniform, joint subscription offer, so that you as a shareholder will not notice the technical
separation in the processing.

In summary

A) Timetable

The expected timetable in relation to the capital reduction and share consolidation is set out below.
23 February 2023
Last trading day under existing ISIN

24 February 2023
First trading day under new ISIN DE000TUAG505

27 February 2023
Record date for the capital reduction and share consolidation

28 February 2023
New Ordinary Shares credited as depositary interests to holders of depositary interests in the UK*

*Due to the custodial chain from Germany to the UK, holders of depositary holders may not receive their depositary interests until the afternoon.

b) Capital reduction

EUR 1,785,205,853 less 3 shares = 1,785,205,850 shares of EUR1.00 each.

Capital reduction is being implemented with a recapitalisation to avoid fractional amounts for the capital reduction by consolidation of shares

Capital reduction completed at a ratio to 10 /1
(ie if you hold 1000 shares your new holding will be 100 shares)

The reduced amount is NON-distributable and will be allocated to the Capital Reserve.

https://d2yk9kjajbiedi.cloudfront.net/damfiles/default/tuigroup-15/en/investors/capital-reduction/Announcement-pursuant-to-Section-49-WpHG--Capital-Decrease_Redemption--EN.pdf-af55b00900c608a2a90476ec0fac1efd.pdf