Member Info for NewKOTB

TS,

"I was hoping that this is to a single buyer and was going to be a precursor to an approach..."

We will not know, if at all until the actual share transfer occurs .... that is at some point from 3/5/22 onward and possible TR-1's.

"The closing of the Placing is expected to occur on 3 May 2022.."

So we may still found out who has taken them and your precursor may still also be valid too.

aimo & dyor

Interesting how easy it was to get these away @365p/s .... shows immense confidence on the buyer/s part.

aimo & dyor

PS Sorry, oufc about getting your avatar wrong btw.

PPS Took opportunity to add a few too.

ocfc,

Thanks ...

Just need to find an hour away from the housework to watch it now !!!

atb

There is, I would say also business opportunities in Morocco to utilise our solar expertise too.

https://www.africanreview.com/energy-a-power/renewables/amea-power-awarded-solar-projects-in-morocco

Please read RNS

https://www.lse.co.uk/rns/SQZ/result-of-secondary-placing-of-shares-in-serica-0a8e49msasylnzc.html

Fast bookbuild hasn't stopped the market games ... unless it's the buyer/s forward selling ( more than probable) If so we have a new floor ~360p. Or better still, next week we could see a new entry or two into our shareholders listing via TR-1 ....

Mr D Hardy & Mrs D Hardy 28,383,036 10.46%
AXA Framlington Investment Managers** 26,543,934 9.78%
Hargreaves Lansdown Asset Management* 13,886,149 5.12%
BP Exploration Operating Company 13,500,000 4.97%
Janus Henderson Investors 10,444,417 3.85%
Interactive Investor 10,437,675 3.85%
JPMorgan Asset Management 9,653,917 3.56%
Canaccord Genuity Wealth Management* 9,267,500 3.42%
BlackRock 9,223,226 3.40%
Serica Energy plc Director & Related Holdings 7,874,580 2.90%

BTW, massive thanks to BP for Erskine and their part in the BKR deal.... now BP, lets have another, so long as its not their holding in Rosneft !!!

aimo & dyor

Sorry I missed the presentation, as I was otherwise preoccupied at A&E ... :-(

Link would be appreciated once anyone locates it.

As for the sale of Erskine's share payment, little out of the blue but bookbuild probably best option rather than drip feed the market and news allowed to leak out or on TR-1 threshold changes ... although I guess Mr Market will still want its pound of flesh. So may have a few difficult sessions ahead.
Be interesting if we have one or two takers of the 5% (13.5m shares) followed by TR-1's, if so game on ! What they do need to do however is complete the bookbuild in double quick time, I would hope buyers have been lined up .... also as mentioned, why not hold this back until AGM and authority passed to buyback up to 10% share capital, when SQZ could of acquired BP's 5% and put into treasury. Bit naughty of BP I would say given our history ... unless there is another driver behind the decision.

aimo & dyor

Came out at +0.1 to start of auction ... so good sign ....

n/m ..... :-)

Appears to be kicking off :

Ukraine war: Russia to halt gas supplies to Poland and Bulgaria

Russian energy firm Gazprom has told Poland and Bulgaria it will stop sending gas to the two countries from Wednesday.
Polish state gas company PGNiG said it had been told all gas deliveries would be halted from 08:00 CET (06:00 GMT).
The Bulgarian Energy Ministry also said it had been informed deliveries would be suspended from Wednesday.
It comes after Russia said "unfriendly" countries must start paying for gas in roubles or it would cut supplies.
Both countries have refused to pay in this way.

https://www.bbc.co.uk/news/business-61237519

aimo & dyor

May contracts roll in a few days, maybe this will force parity and drive NBP higher too.

Also today:

Shell withdraws from offshore UK licenses
April 26, 2022
Shell UK has advised Egdon Resources and the North Sea Transition Authority of its intention to withdraw from UK offshore licenses P1929 and P2304 containing Resolution and Endeavour gas discoveries.

I noticed yesterday and today the disconnect between TTF and NBP. Normally they fall and rise virtually in tandem, however yesterday NBP fell ~11% and TTF ~3%. Today NBP up ~3% TTF up ~7% .... not sure why this is or if the parity will be restored. Just an observation !

Looks like Poland is the first to say NO !!

Russia Warns Poland It Must Pay Up for Its Gas in Rubles Today
Tue, 26 April 2022, 5:51 pm
European gas prices surged as much as 17%.

Hours after a Polish news outlet reported that Russia had cut off the gas to Poland, Gazprom PJSC said payment was due today. It didn’t say what would happen if payment wasn’t made but President Vladimir Putin has previously warned that supplies would be halted if his terms weren’t met....

https://uk.news.yahoo.com/russia-halted-gas-supplies-poland-152059894.html

Ok .. thanks.

Just found this ( not up to date) ... so probably she did actually sell very little.

"Senior managers and directors at Darktrace hold about 5% of the company’s shares with Poppy Gustafsson, co-founder and chief executive, holding 2.77m shares, about 0.4%..."

The only negative is Poppy (again) .... guess she made up the majority of the 6.1 million shares to be sold.

Trades over £50k today .... few share shuffles once more to follow on from yesterday.

Strong finish to the day too .... :-)

Sorry, data only up until 14:14 when my data feed stopped :-(

tradeTime currency price volume tradeValue type micCode tradeType venueOfPublication
2022-04-26T12:55:45.037 GBX 371.5 125000 £464375 Off-Book SINT P ECHO
2022-04-26T09:54:46.777 GBX 375.63 90000 338067 Off-Book AIMX P AIMX
2022-04-26T13:14:32.267 GBX 371.5 87500 325062.5 Off-Book SINT P ECHO
2022-04-26T10:11:01.187 GBX 375.31 80000 300248 Off-Book AIMX P AIMX
2022-04-26T13:02:05.323 GBX 371.5 62500 232187.5 Off-Book SINT P ECHO
2022-04-26T13:01:25.683 GBX 371 62500 231875 Off-Book SINT P ECHO
2022-04-26T10:48:52.817 GBX 372.51 45000 167629.5 Off-Book AIMX P AIMX
2022-04-26T13:13:34.637 GBX 371 42763 158650.73 Off-Book SINT P ECHO
2022-04-26T10:49:49.327 GBX 371.112 40000 148444.8 Off-Book AIMX P AIMX
2022-04-26T10:20:54.000 GBX 375 39012 146295 Off-Book AIMX P AIMX
2022-04-26T07:38:33.120 GBX 372.77 26829 100010.4633 Off-Book AIMX P AIMX
2022-04-26T07:38:15.203 GBX 372.77 26829 100010.4633 Off-Book AIMX P AIMX
2022-04-26T07:39:13.803 GBX 373.381 26785 100010.1009 Off-Book AIMX P AIMX
2022-04-26T07:38:51.650 GBX 372.531 26846 100009.6723 Off-Book AIMX P AIMX
2022-04-26T07:37:55.070 GBX 372.4 26855 100008.02 Off-Book AIMX P AIMX
2022-04-26T07:37:42.233 GBX 373 18915 70552.95 Off-Book AIMX P AIMX
2022-04-26T07:39:28.167 GBX 374 14767 55228.58 AT AIMX P D
2022-04-26T07:38:40.213 GBX 372.5 13971 52041.975 AT AIMX P ALGO

Chariot
Chariot has announced, following the recent successful gas drilling campaign on the Anchois gas project offshore Morocco, the appointment of Societe Generale, London Branch to the role of financial advisor to develop debt funding options for the Anchois gas development.

Julian Maurice-Williams, CFO of Chariot, commented:

“We are very pleased to be bringing Societe Generale on board to assist with the debt project financing of our flagship gas project offshore Morocco. We had a very successful gas drilling campaign earlier in the year and are keen to progress the development of the project to cashflows as quickly as possible.”

This speaks for itself and is just what Chariot should be doing at this stage of the Anchois development. It also shows that Anchois is going ahead at a rate of knots which is encouraging for the company, its shareholders and of course those dependent on European gas being brought on in Morocco.

https://www.malcysblog.com/2022/04/oil-price-diversified-energy-chariot-egdon-union-jack-and-finally/

Chariot Ltd - Devon, England-based Africa-focused transitional energy company - Hires the London branch of Paris-based bank Societe Generale SA as its financial advisor. SocGen will oversee debt funding for Chariot's flagship Anchois gas project offshore Morroco, Chariot explains. "We had a very successful gas drilling campaign earlier in the year and are keen to progress the development of the project to cashflows as quickly as possible," Chief Executive Officer Julian Maurice-Williams comments.

https://www.lse.co.uk/news/CHAR/in-brief-chariot-shares-race-ahead-as-hires-socgen-for-debt-finance-c4xz87ldedakd0d.html

Just wondering if we would be able to obtain RBL as I guess the new CPR will show 2P's on which to gain funding or would this option be too early in the project, hence probable use of Bonds would be first choice.
Not a massive fan of bonds (bondholders) as have been 'done over' with these in the past.

aimo & dyor

BDC,

"But the Debt financing, CPR report and the remaining offtaker agreements are all interlinked and feed into each other so will need to be worked on simultaneously...."

Not forgetting, IF Chariot want a partner then this too will be an integral part of the debt financing .... chicken and egg or egg and chicken .... makes no difference in the end, you either have a roast or egg benedict ..... but you wouldn't go hungry.

RNS's will arrive fast and furious ..... Vin Diesel style !!

aimo & dyor