The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Results of Placing
Aston Martin Lagonda is pleased to announce the results of the non-pre-emptive placing (the "Placing") of new ordinary shares of GBP0.009039687 each in the capital of the Company ("Ordinary Shares") announced this morning, as well as the concurrent offer made by the Company for retail investors to subscribe for Ordinary Shares via the PrimaryBid platform (the "Retail Offer").
The Placing and the Retail Offer in aggregate comprise 304,000,000 new Ordinary Shares, which will raise gross proceeds of GBP152 million. The price of 50 pence (the "Placing Price") represents a discount of 8.1 per cent. to the middle market price at the time at which the Placing Price was agreed. The Ordinary Shares being issued under the Placing (the "Placing Shares") and under the Retail Offer (the "Retail Shares") together represent approximately 19.99 per cent. of the existing Ordinary Shares prior to the Placing and the Retail Offer.
It said:
The Board of MX Oil plc has announced a reorganisation of the Company's Share Capital. Shareholders as at the close of business on Friday 7 June 2019 will have their holding consolidated, receiving 1 new share in place of every 100 previously held. The new consolidated Shares are expected on Monday 10 June 2019. Please note we will credit the Shares to your account upon receipt from the registrar which may not be before 8.00am on Monday 10 June 2019.
The Board is also proposing to change the name of the company from MX Oil plc to ADM Energy plc.
We will write to you following the Consolidation and Name Change to confirm how your holding has been affected.
All good - plus a 9p dividend - what's not to like ?
soon thanks to President Trump and his business-friendly policies, which should continue for another 6 years at least, given the sorry state of the deranged Democratic party in the US !
Thanks for the info. Chartist - which I for one find useful - if other people don't, then they are free to scroll on by or filter you - but as far as I am concerned it is good to get all sorts of info and points of view
MMX is holding up well despite people selling to try and make a quick 50 quid ! Should start moving up again soon, those who sold in last 2 days will be left behind. So far volume today has been low but indicators are all positive.
Just tried a dummy buy online - they wouldn't sell me any ! Could sell though no trouble
*Rigor mortis - (I had to look it up too as you confused me and I was bored too) - literally "the stiffness of death" - something to look forward to I guess
Write off *?
08 November 2017 Pathfinder Minerals Plc ("Pathfinder" or the "Company") Result of AGM Pathfinder announces that all resolutions proposed at the Annual General Meeting of the Company held earlier today were duly passed. Enquiries:
I thought MMX were looking at all manner of possibilities - what do you make of this ? - "would it have been better not to have announced the hiring of Headwaters MB and waited until there was a firm offer on the table as the waiting is purgatory" - firm offer for what ?
That's quite a jump even for a Midas article - if they are looking at consolidation maybe they are looking at MMX which has said it is looking to be consolidated