Member Info for pablo2

Thanks Dee

Sorry, no. when I go into Telegram I can’t see anything from you or anything to do with ACP or Armadale.

I’m @pabloT42 and getting nowhere. Could you give me your handle Dee or the exact name of the group I need to apply to join up? Are you @Dee12345 on Telegram, if so I’ve sent you a message there

I’ve also sent a message to @gillp

Sorry, I see the 3.4p instead of 34p was all discussed earlier.

Looks like some big bonuses for the directors, surely not for anything they’ve done yet for the sp but have they waived a lot of salary in the last year?

Nick Lee’s 3rd tranche will vest @ 3.4p NOT 34p, that’s what makes sense with the 260% rise on today’s price.

Not sure how much cash he and other Directors have waived in the last 12 months - anybody know?

all the Options are priced at the nominal share price which is 0.25p. Nick gets his first 9.3m after the meeting as do the other directors get their first tranches immediately after approval.

It’s going to mean big dilution and no clauses locking them into holding so they may be after a fast buck.

When I go into Telegram I can’t see any DM Dee. Please keep trying, I’d like to have access

Dee my username is @pabloT42 on Telegram.

I tried searching for Armadale and ACP without success. I’d like to hear what Matt Bull had to say and find ways of keeping in touch with the company. It seems going Private not only means they don’t have the listing and RNS expenses but, often, a company just goes completely to ground and doesn’t allow any shareholder communication

Had a look on Telegram and I can't find an Armadale Capital group. What is the exact group name ?

It seems very difficult to make any contact now with the delisted private entity, presumably Armadale Capital Ltd.

The Matt Bull tel number on RNS's links to a switchboard attached to StBrides who I think used to be our Nomad or PR company years ago. The last Nomad was Cavendish Capital Markets where Neil McDonald is a contact. On calling him, he cannot give out Matt Bull's email nor do they work for Armadale any more. He is aware of several enquiries re Matched Bargain Facility and told me he'd alert Matt to my request/enquiry. I've tried emailing info@armadalecapitalplc.com though I have little hope of any response there.

Anyone have any contact details that might work so we can get any news going forward in a company I am still a shareholder of, Private company or not?

Offer confirmed, that’s it, done and dusted, like it or not, at 2.6777p

From Retired Banker on Administration - we certainly don't want that.

From Panda1 on working through the Waiver, 2.667p and 11.26p - quite clearly nothing like 11.26p, the Placement price last January, is ever going to be on the table.

Nothing guaranteed about a 2.667p deal but reckon that is our best hope

Panda1, if what you say is correct that makes complete sense. They want the Waiver so don’t have to offer 11.26p to everyone but they also HAVE to offer 2.667p for ALL the shares or the Deal is off

It isn’t a High that is relevant, it’s the Highest price that Coris purchased at in the last 12 months which I believe is 11.26p on January 10th

The placement @11.26p didn’t conclude until Jan 10th 2024, so a few weeks to go until 12 months

Does seem odd there is a Waiver 9 condition(Don’t have to bid for ALL the shares and complete takeover) and a condition saying Nioko MUST offer for ALL the shares as well?!?!?

10th January 2025 ‘wildcamper’ - the placement @11.26p completed 10th January 2024, so not long.

Anyway, does seem like a rip-off 2.67p but not convinced NOT accepting is the best choice.

How is the voting likely to go, Coris not allowed to vote but who are the main shareholders otherwise? What voting percentage defeats the Waiver?

Your opinion may be correct but surely voting ‘No’ incurs a greater risk of Administration?

Although complicated, seems to imply if they pass the Waiver it looks likely the whole deal will be on

Well that “GoldInvestor” was full of surprises. Maybe if he sold his shares today (2% was it?), he caused a lot of the drop.

Shouldn’t be more than a few days to find out if Nioko are going ahead and at what price

No offence meant with the extra 'k'

These guys already own 41.81% , so if the company goes into administration, they are going to get as little back per share as we are (probably nothing).

So that's a pretty big incentive to go through with their pretty derisory offer of @ 2.6777p isn't it ?