Member Info for PDPGPB

Did the additional £1 Million ever turn up from the sale of the data ?

The wording of the 2nd RNS was At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 25/10/2016 12:45pm, pending clarification of the Company's financial position. So, What if the stumbling block wasn't the % of shares but the additional 10mill, so they suspend XEL while they look to other companies to fund this ie phone statoil and say do you fancy paying 10mill for x% of Bentley

They would have to be careful what they do to XER as this could have an effect on the licenses, for example if it stopped working as a company then the licenses could be revoked and then the games over for everyone including the staff and Bond Holders

Why suspend the shares when they think it's unlikely to return any value to shareholders and stopping the shareholders from getting anything back, unless they have another card to play that will give value to shareholders ? From the RNS On the basis of advice received by the Company and the directors, the directors believe that liquidation is unlikely to result in the return of any value to the Company's existing shareholders. As a consequence, the Directors have requested the immediate suspension of the trading on AIM of the ordinary shares in the Company. The principal Bondholders and the proposed liquidator have confirmed that Xcite Energy Resources Plc ("XER") and its assets are not expected to be the subject of enforcement action and XER is expected to remain a going concern throughout this process.

They are normally used to try and stop a low ball hostile takeover effectively a poison pill.

Just checked the website and it still says there are 17 people working for XER. http://www.xcite-energy.com/about-xel/xcite's-history Last updated 23rd March 2016

Yes XER is 100% owned by XEL unless they have recently changed it but not told the market, I also think the staff are paid via XER so they will continue to get paid ...

Great Portland Estates plc ("GPE") announces that it has exchanged contracts to sell Mortimer House, 37/41 Mortimer Street ("Mortimer House") for a price of £26.95 million.   The office property, extending to circa 23,800 sq. ft. net internal area (31,200 sq. ft. gross internal area) is currently vacant, and benefits from consent for a triple B1/A1/A3 use on the ground and basement floors.

RNS continued .... Asia Pacific   Our Asia Pacific business has traded in line with expectations through the last quarter, despite the previously reported slowdown in mainland China.  We anticipate current market conditions continuing into the next financial year.   Energy   Our nuclear, power and renewables businesses continue to grow in line with our expectations. The performance of our oil and gas business is mixed, with the most difficult trading conditions being experienced by our North American business, offset to some extent by growth opportunities in the Middle East.   Following receipt of the necessary regulatory approvals, we were pleased to complete the acquisition of the Projects, Products and Technology ("PP&T") segment of EnergySolutions on 11 April. This innovative nuclear energy business, comprising 650 people, will significantly enhance the Group's current nuclear capability, particularly in North America.   Balance sheet   The Group's financial position remains strong. We expect to report net funds of around £190m at 31 March 2016, prior to funding the cost of the PP&T acquisition.   During the period we negotiated a new £100m, three-year revolving credit facility ("RCF") with our tier one relationship banks.  This new facility is in addition to the Group's existing £200m five-year RCF and $75m US Private Placement debt, with maturity dates of 2020 and 2019 respectively. 

Pre-close trading update   WS Atkins plc ("Atkins" or the "Group"), the design, engineering and project management consultancy, today provides an update on trading for the year ended 31 March 2016 in advance of its preliminary results announcement on 16 June 2016.   The Group has traded well through the fourth quarter. We expect to report underlying results for the year ended 31 March 2016 in line with expectations, as we make good progress towards our 8% Group operating margin target.   United Kingdom and Europe   Our UK and Europe business is expected to show good margin progress in the second half of the year, and we continue to benefit from the UK Government's ongoing commitment to infrastructure spending.   As part of a joint venture with CH2M and SENER, we have recently been appointed as Engineering Delivery Partner for the High Speed 2 project. This contract, valued at between £250 million and £350 million to the joint venture, is expected to run for 10 years. It covers the civils, stations, planning and environment, and railway systems aspects of Phase 1 of the project.   North America   Our North American business continues to operate within stable infrastructure markets. While certain parts of our business with a greater reliance on Federal funding continue to be challenged by project award delays, we expect to deliver an improved second half performance after a first half impacted by bidding costs on major projects.  We were delighted to be appointed recently as lead designer to Fluor on the $2bn Maryland Purple Line light rail transit project.   Middle East   In the Middle East we have been busy through the second half with our work on the Riyadh metro and two lines of the Doha metro programme, in what we expect to be a strong year for the region. As previously highlighted, there remains some uncertainty about the timing and funding of some of our pipeline opportunities, particularly in property and government infrastructure. On 3 March we were pleased to reach agreement on the acquisition of Howard Humphreys (East Africa) Limited, subject to normal regulatory clearances. This multidisciplinary consultancy, based in Kenya and Tanzania, employs around 200 people and has a strong track record in the transportation, water and property markets. The acquisition is an important catalyst to develop our presence within East Africa's rapidly growing infrastructure market. Asia Pacific Our Asia Pacific business has traded in line with expectations through the last quarter, despite the previously reported slowdown in mainland China.  We anticipate current market conditions continuing into the next financial year. Energy Our nuclear, power and renewables businesses continue to grow in line with our expectations. The performance of our oil and gas business is mixed, with the most difficult trading con

WS Atkins plc completes the acquisition of nuclear services division of EnergySolutions   WS Atkins plc ("Atkins"), the design, engineering and project management consultancy, is pleased to announce that on 11 April 2016 it completed its previously announced acquisition of the Projects, Products and Technology segment of EnergySolutions ("PP&T").   PP&T is an innovative nuclear energy business, comprising 650 people delivering a wide range of technical engineering and programme management services for the decontamination and decommissioning of high hazard government nuclear facilities.   Professor Dr Uwe Krueger, CEO said, "This acquisition accelerates our nuclear strategy and creates a global platform. Our combined business is well positioned in all the major nuclear markets in North America, UK, Europe, Middle East and Asia Pacific. In the US, which has the largest nuclear fleet, we are at the top table for decommissioning, site operations, major projects and consultancy."   Atkins acquired PP&T for an enterprise value of US$318m. The consideration was funded from Atkins' existing cash resources and available committed bank facilities.