The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Depends on who you hold your shares with, HL will be all electronic, voting and tender. If you hold 2000 shares or less you can tender all. if not 38.5% of your holding. You can ask to tender more but only your Basic may be accepted.
Key points but read the circular
Ok, corrected I think. My concern was that 10% of tender process is held in treasury and that it wasn’t clear what happens to the one bought back in the £3m programme as it states ‘shares maybe cancelled’. However this paragraph may treat the both processes as one if ‘ Return of Value’ is both the tender and buyback.
“The Company intends to cancel approximately 90 per cent. of the Ordinary Shares acquired in connection with the Return of Value which will reduce the number of Ordinary Shares in issue. Assuming the Company's earnings stay the same, this should have a positive impact on the Group's earnings per share. The Company intends to transfer the remaining approximately 10 per cent. balance of the Ordinary Shares which are not cancelled from treasury to the Nanoco Employee Benefit Trust to meet potential future obligations which may arise from the Company's share option schemes.”
Not being funny, but it took the board over a year to come up with this. Anyway at this moment it’s a no from me. Go back and put some real thought in to the return and return our money. 37p raise remember!
The record date must be 6 or more days after deciding :
The basic principle:
The record date should normally be a Friday, therefore with standard settlement of T+2, the associated ex date falls one business day earlier. If a dividend is to be made ex, the dividend must be declared via a PIP or notified to the Exchange at least six business days
before the proposed record date, otherwise the ex-dividend date may be deferred until the following week.
https://docs.londonstockexchange.com/sites/default/files/documents/dividend-procedure-timetable-2024.pdf
Been out most of the day, I did sell my trade yesterday at 2.51. Let see what next week brings. Have a good weekend (wet in the south west but F1 tomorrow so not too bad). However, been off the Beer since Jan 2nd, trying to keep off until April!
It’s the only one in my property watchlist that’s still below the added price. When I added it the price was 64p. I feel it maybe time to take a position. I’ll read through the results, but as you say looking good (better).
I took a trade yesterday here still not closed! should have at the 250 this morning oh well (my trade for the trade is 153). VMUK is in my Div ISA (Wife) not many shares, bought back in 06/22 @137. so not too shabby.
At least AV. doing well it was up 5% nice increase in Div.
US futures after yesterday at the moment is flat ish.
Yep the debt buying WMH retail imo was a wrong move as everyone is moving digital (made a killing WMH, bought a load at the start of Covid for 39p sold at 276, think my best ever £20k+ profit). I've already made some on 888 so I thought worth another punt (companies have been sniffing around)
https://www.ft.com/content/39b57820-1eba-45f6-8bb5-c750a8acbd6a