Member Info for RG33

Hi Mike,
You've done well getting such a speedy response. Lets see what happens.
Did you use the "secure message" system or email?......... I used the internal secure messages system.

Good morning Mike.

Feel free everyone, the more the better, if everyone chases HL, or whoever their broker is, then they might take notice.

Good luck to all, enjoy your day.

2:31 this afternoon.

Surely HL have some obligation as guardians of their account holders, to hold companies to task.

Here’s a copy of my secure message to HL.

Hi,

CGH, on the 25th of February 2022, held an EGM, this meeting was I believe only declared on an app called Dropbox, as CGH are delisted, I assume they could not issue an RNS.

The main tenet of the meeting appears to have been to change a company rule, with reference to “dividends”, ie “if any/all future dividends were not claimed within twelve months of declaration they would be reclaimed by the company “

In the declaration of the EGM, CGH were proposing to issue “in specie” shares in another company CGO (approximately 41%, I believe, held by CGH)

As my holding in CGH is held in my nominee account with HL, who so I suppose are nominees of lots more CGH shareholders.

I have contacted Neville Registrars, who represent CGH, but they referred me to HL, as you would be handling “any dividends”.

As there was no corporate announcements of the EGM by HL, it seems that HL were no wiser than us shareholders were.

CGH, have made no announcements of the EGM meeting, and despite many requests for information, they are completely ignoring any/all communications.

So my request to HL is, as nominee holders of our shares, is there anything you can do, to to force CGH and Neville Registrars to :

A. Declare the results of the EGM.

B. Notify HL of the “dividend in specie” distribution.

Since their delisting, CGH despite their RNS of October 2016 promise to communicate as required by law, have issued little or no information at all.

Myself and several other shareholders I’m aware of are concerned that, if the rule change as noted in the EGM notice, is not declared as passed, and another twelve months of “radio silence” ensues, we may well lose our shares by default.

Any assistance or help you can offer in this matter, would be very much appreciated..

Regards.

Surely as registrars, Neville have responsibility for notifying the brokers regarding allocation of the CGO dividend shares. Of course that’s assuming CGH having disclosed the results of the EGM to the brokers.

Correction:

** Not a promise that seems to have “in good faith” been kept, surely an obscure entity (to many) called Dropbox can’t be classed as a reasonable form of communication.**

I must admit to my naivety, I and I imagine like a lot of others, don’t have a clue about Dropbox or how it works. So why was dropbox CGH’s chosen method of “informing “ shareholders of the EGM. Had the Dropbox communication not been brought to our attention on this LSE site, We would probably never have known of the EGM.

By what method did they intend to inform the results of the meeting?

As they aren’t listed, I don’t suppose they can issue an RNS.
As a substantial number of shares are probably in nominee accounts, I doubt CGH will have a comprehensive list of shareholders.
Brokers such as Hargreaves Lansdown, seem to have had no knowledge of/ or have advised clients of the EGM.

CGH, seemingly are refusing to respond to email requests, and/or via the “submission of company news” tick box on the website” Why?

It seems main tenet of the EGM, was to pass the rule of “12 months to claim any dividends”. So, if shareholders weren’t aware of the EGM, and didn’t know of the motion, or even if it had passed, subsequently don’t APPLY for the CGO special dividend, within the twelve month period, then as stated in the motion “ dividends will revert to the company”.

So, if we shareholders aren’t “informed“ of the result of the meeting, and a further twelve months of non-communication passes by, not a long time considering the time lapse since October 2016, we could all well lose our shares.

CGH (Sable) in their delisting/change of name RNS of 07/102016 stated:

Shareholders are advised that following the Cancellation, the Company shall continue:

· to communicate information about the Company (including annual accounts) to its shareholders, as required by law, and the Company will continue to hold annual general meetings.

Not a promise that seems to have “in good faith” been kept, surely an obscure entity (to many) called Dropbox can be classed as a reasonable form of communication.

Now there's a surprise MB.

If there is anybody still out there, Big Sofa have issued an update.

You can also register as a shareholder, for future information.

https://www.bigsofatech.com/

My account is with HL, and after several messages, to and fro, they were finally entered on the account around market closure on the 25th. Approximately eight hours after they became live.

It seems my interpretation of the RNS open offer update was incorrect, I understood it to mean “only entitlement shares had been allocated” but the excess I applied for, were also granted.

Spot on, mb, the usual contempt for shareholders.

I’ve mentioned before, that there’s a box on their website to register for “shareholder information by email” which I have completed. But alas, no information forthcoming!!!

Other than that route, how can they communicate? Being delisted, I assume they can’t issue an RNS.

Good luck all.

Same here MB, for my collection, I've searched high and low for one of those baseball caps with the brim at the back, but I cant find one anywhere.

jt

LSE don’t do emoji’s , ; - )

Good luck.

Email response from Neville Registrars:

Good morning, and thank you for your email.

If you hold your shares in a nominee account any potential dividend will go through the broker. Therefore, we would advise that you contact Hargreaves Lansdown directly.

My enquiry to Neville Registrars, via their “contact us” website facility:

Message: Hi,

I hold 1,161,452 shares in Consolidated Growth Holdings (CGH) in my Hargreaves Lansdown account.

According to correspondence released by CGH, there is going to be an issue of shares in CGO by way of what appears to be a dividend distribution.

May I ask if this distribution will be sent directly to my HL account, or do I need to take any particular action? ie provide proof of my holding via certification.

Regards.

I’ll report any response here.

jimtom,

Surely, if you have “a share certificate” in your possession, the Equiniti account will be irrelevant. I suggest you contact the registrars, see link in MB’s earlier post below.

Good luck all.

Thanks again MB,

After all this time maybe something to rejoice.

But having been treat with contempt by the BOD for so long, I’m quite sceptical as to their intentions.

If and when they distribute the CGO shares, is that it? ie, what happens to CGH, is it then defunct? If so what happens to our remaining assets? Do the BOD keep them to themselves?

Good luck everyone.

Drifting a little bit. But way back we used to have an LTH by the name of apple-bees, he seemed a very knowledgeable guy with regard to Sable, maybe he might be able to enlighten us about our other assets.

So I did an LSE member check, and his last post was in January 2018, he was setting up an haulage business somewhere in the Middle East at the time.

I reckon he’d be dead chuffed to hear about MB’s news. So if your still around AB, it’d be good to hear from you.

Many thanks MB, well done, maybe something on the horizon after all, it’s been a long old road.

Can’t recall at what price Sable were suspended at though. My holding, converted at the 13.83/1 x 10p (CGO mean price) I would just about cover my cost.

So need CGO to do well, to make anything out of this long old struggle.

No mention of other assets, I note.

Good luck all, CGH & CGO holders.

Here’s the details /instructions, as noted in my HL account under “Open Offer”

Action required before midday on 17th Feb 2022.
Take up your option to buy more shares in Cadence Minerals plc
You can apply to buy shares at a price of 20.5p each. You have a guaranteed entitlement to buy 1 share for every 20 shares held at the end of 4 February 2022. You can then apply for extra on top of this, also at 20.5p, but there’s no guarantee you’ll get all the shares you apply for.
We are sending you full details by post or secure message, which confirms full details of the offer.
To apply for shares please give an election by noon on Thursday 17 February 2022. You’ll need enough money on your capital account from noon on 17 February until the money is used on 18 February.
Buying the shares in a different HL account

If your shares are in an ISA / LISA, you can buy the new shares either in that ISA / LISA or in an HL Fund and Share Account. If you hold shares in an ISA and want to buy the new ones outside of the ISA in an HL Fund and Share Account, please let us know in the further details box.

Please select an option for your HL Stocks & Shares ISA. If you have any questions please call our Investment Helpdesk on 0117 900 9000.

If you enter more than one instruction please note only the most recent will be accepted and any previous instructions will be disregarded.

Take up my Basic Entitlement ONLY
Take up MORE than my Basic Entitlement (specify quantity including Basic)
Take up LESS than my Basic Entitlement (specify share quantity)
If your instruction requires further detail please supply here