Share holders19 Apr 2009 12:33
Significant and Director Shareholders
Roba Securities Ltd 12,850,000
Jan Bernander 12,336,730
Chase Nominees Limited 10,642,003
HSBC Global Custody Nominee (UK) Limited 7,250,000
Gordon Bell 7,000,000
Rock (Nominees) Limited 4,875,500
Alan Walker 3,025,000
Kenneth J Minton 1,000,000
Stephen Mason 215,000
I think without exception all shareholders are in at 10p plus!
With directors in for over 22m shares cositng them about £3m i would envisage that this is motivation enough to make sure that this company or assets are sold at circa 15 to 20p share or more.
No pension black holes.
There is also a very useful circa £7m unrecognised deferred tax asset which will be used to offset tax on the sale!
From iii bb
The assets in Somerset and Inverkeithing will be disposed of and they are looking to recover a £1m from the court case.
Debts paid off and you have a £20m surplus for return to shareholders