Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I’m with AJ Bell & I’ve received the 0.0083p but nothing else in my ISA & SIPP!
Thank you for your email.
Your ISA Provider will also be able to provide the information as per their guidance and update information they receive from Hmrc.
Suspended listed investments
When the listing of an investment is suspended, it would continue to meet the definition of being listed until the investment is delisted.
Delisted investments
When an investment is delisted, or the listing is cancelled, the investment no longer meets the requirements of the ISA Regulations and must be removed.
I've had a new message last night from AJ Bell..........
ISA holders should note, it is currently uncertain whether the DCU's and the Loan Notes can be treated as qualifying investments for their ISA. The company is seeking confirmation from HMRC in relation to whether the DCUs and Loan Notes will be ISA eligible.
I've had the following reply from AJ Bell..........................
Thank you for your message. Sorry for the delay in getting a response.
If the scheme goes ahead, we currently expect that the shareholders will be able to hold the Deferred Consideration Units in the ISA and/or SIPP accounts as they will be receiving these units through a Mandatory Corporate Action.
Please do note we are still awaiting the full scheme circular to be released, at which point shareholders will be updated accordingly.
I've had the following reply from AJ Bell....................
Thank you for your message. Sorry for the delay in getting a response.
If the scheme goes ahead, we currently expect that the shareholders will be able to hold the Deferred Consideration Units in the ISA and/or SIPP accounts as they will be receiving these units through a Mandatory Corporate Action.
Please do note we are still awaiting the full scheme circular to be released, at which point shareholders will be updated accordingly.
Considering it’s 30 working days, & with Easter/May bank hols etc, it takes us to the 11th May!!
Email has been sent.........
Dear HMRC,
I currently hold Hurricane Energy (HUR.L) in my ISA and SIPP.
There has been a recommendation by the Board of Hurricane to accept an acquisition by Prax, & this will involve the delisting of Hurricane, & shareholders will potentially benefit from Deferred Consideration Units (DCU) payable between 2023-26.
I would like clarification as to whether my holding in Hurricane will be able to continue to be held in my ISA & SIPP if this deal goes through.
Please see the link below to further details regarding the recommended acquisition.
I look forward to hearing from you.
I have written to AJ Bell as I hold in both ISA & SIPP, will report if and when I hear back!
Email sent
I’ve had a response stating many of the questions asked will be covered during the AGM????????????????
Notice of Annual General Meeting
Hurricane Energy plc, the UK based oil and gas company, announces that the notice of the Company's 2022 Annual General Meeting ("AGM") and the associated form of proxy have been published today in the Investors section of the Company's website at www.hurricaneenergy.com.
Printed copies of the notice of AGM, form of proxy and the Company's Annual Report and Group Financial Statements for the year ended 31 December 2021 will be posted today to registered shareholders who have elected to receive paper communications.
The Company's AGM will be held on 29 June 2022 at 11.00 a.m. at The Science Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA.
All shareholders are encouraged to submit their vote by proxy, well in advance of the meeting. Details of how to do this are contained in the notice of AGM. All valid proxy votes (whether submitted electronically or in hard copy form) will be included in the poll vote to be taken at the meeting.
The result of the AGM will be announced after its conclusion and published on the Company's website.
Hear hear Euston, it’s beyond tedious & not what people are on this board for!
Results of Sanction Hearing
Hurricane Energy plc, the UK based oil and gas company, announces the results of the sanction hearing (the 'Sanction Hearing') of the High Court of Justice of England and Wales (the 'Court') in relation to the restructuring plan proposed by the Company under Part 26A of the Companies Act 2006 as set out at Appendix F of the explanatory statement dated 24 May 2021 in relation to the Restructuring Plan (the 'Restructuring Plan').
The Sanction Hearing was convened on 21 June 2021 at 2:00 p.m. and concluded on 23 June 2021. Judgment was reserved and was handed down today, 28 June 2021.
The Court has not sanctioned the Restructuring Plan. A copy of the sealed court order will be published on the Company's website at www.hurricaneenergy.com once received.
The existing Hurricane board is considering all options, including an appeal. Unless the Company or the Ad Hoc Committee successfully appeals the judgment, the Restructuring Plan will not be implemented. The Company's convertible bondholders have certain rights under the terms of the convertible bonds which, if enforced, could result in an acceleration of the convertible bonds and ultimately an insolvent liquidation of the Company. As a result there is a significant risk of no value being returned to shareholders.
The Company notes that a number of its shareholders have indicated that they were not supportive of the Restructuring Plan and, as a result, have indicated an intention to vote against the re-election of those Directors of the Company that are standing for re-election at the upcoming AGM on 30 June 2021 and/or to vote in favour of resolutions proposed by Crystal Amber Fund Limited to remove all of the non-executive Directors of the Company at the upcoming EGM on 5 July 2021. It is the Company's understanding that, in the event all of the Executive Directors are removed from the Board, the Company's Nominated Adviser is likely to resign with immediate effect. This is likely to have the result that the shares of the Company are suspended from trading and, if a replacement Nominated Adviser is not in place within a period of one month, it may result in the shares of the Company being de-listed from AIM.
Further updates will be made when appropriate.
ANNOUNCMENT OR JUDGMENT HAND DOWN IN OPEN COURT AT 9.00 AM MONDAY 28th JUNE 2021- HURRICANE ENERGY PLC-CR-2021-000852- - BEFORE MR JUSTICE ZACAROLI
I have messaged AJ Bell & they have confirmed they are in the process of creating the online event & we will receive a secure message once we're able to place our vote.