focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
of 1p on news of a great asset ... then I can forget about AIM and get on with my life lol
(‘Andalas’ or the ‘Company’)
Result of AGM and Total Voting Rights
The Annual General Meeting ("AGM") for Andalas Energy and Power plc (AIM:ADL) was held today at 10.00am. All resolutions were passed.
Following the passing of the resolutions at the AGM, the Conditional Placing, as announced on 11 July 2018, was approved. Accordingly, the Company has issued the conditional placing shares totalling 3,000,000,000 Ordinary Shares, which will rank pari passu in all respects with all existing ordinary shares in the Company, and has applied for Admission to trading on AIM of such shares with effect from 6 August 2018. Following Admission, the Company will have an issued share capital of 14,662,162,387 Ordinary Shares.
Furthermore following the passing of the Share Consolidation resolution at the AGM, every 50 Existing Ordinary Shares that are in issue as at the close of business 9 August 2018, will be consolidated into one New Ordinary Share. Accordingly there will be 293,243,247 New Ordinary Shares in issue compared with the pre-consolidation total of 14,662,162,387 Ordinary Shares.
The New Ordinary Shares arising on implementation of the share consolidation will have the same rights as the Existing Ordinary Shares, including voting and other rights. The Company's new Stock Exchange Daily Official List ("SEDOL") code will be BZ7PNY7 and its new ISIN code will be IM00BZ7PNY71. The Company's Tradable Instrument Display Mnemonic ("TIDM") remains unchanged: "ADL".
Application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence at 8:00 am on 10 August 2018.
As no shares are held in treasury, the above figure of 14,662,162,387 should be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules with effect from 6 August 2018.
From 10 August 2018, the Company will have an issued share capital of 293,243,247 New Ordinary Shares and it is this figure that should then be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules
Final results are out for you guys.
Anybody got any thought on the possible sp should we get a half decent investment.
to get some sort of operations update.
Highlights:
Business development activity continued with renewed focus on upstream oil and gas:
Acquisition of interest in Eagle Gas Limited provides access to Badger prospect in UK Southern North and ongoing work programme.
Screening of a number of Indonesian opportunities and the Company believes there are assets available at attractive entry prices.
Agreements entered into during the year on IPP projects.
Greater financial discipline following the appointment of new CEO, Simon Gorringe, and new Chairman, Dr Robert Arnott.Â
The operating loss was $1,161,000 (2017: $4,317,000) - a reduction of 73%.Â
The balance sheet strengthened to a net assets position of $61,000 (2017: net liability US$2,029,000).
Certain Directors, former Directors and key consultants waived or otherwise cancelled $865,000 of unpaid accrued remuneration or invoices.
Yesterdays' figures still showing ... what a joke this site's IT department are.
This site is a joke, continual problems .... half my watchlist companies are missing ...chat thread missing .... red dots missing .... how can you justify charging people for such a poor service .... sort out some decent IT people please and get the problems fixed.
Second separate contract for equipment supply into Iran, worth �2.6m, also signed but on hold awaiting clarification of the impact of the US withdrawal from the JCPOA and the implications for the Company's supply chain
Wake up Minsters.
Thank you.
I bought 1mil shares recently for �439 ... after consolidation what will they be worth ... surely not 1000000 / 1000 x5p which would make them worth only �50 .... am I doing this wrong?
Thanks ... it does if that is how it works out .... I thought 1000 x 5p is only �50.00 .... when will this happen?
Does this mean that the number of shares I hold needs to be divided by 1000 then multiplied by 5p?
but a massive top up opportunity for those who believe it will get sorted GLA
of watching you three constantly bickering .... have to block you all I'm afraid.
Be careful what you state on here.
Totally agree TTAA
on the main market with no increase in share price I will most likely do a "bed and ISA" ... then hopefully an RTO will follow and I wont have to pay any tax on the, hopefully, huge profit.
... from Infinity .. and beyond lol