The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
No...I'm saying that if the Bidder had been buying in the last 12 months, he can't offer less than the maximum HE paid for any of the shares. So if he had accumulated 10% at a maximum price of £10 per share, then £10 would have to be the minimum offer. Doesn't matter that the price hit £ 12.25
So...
If a Bidder had been buying in the last 12 months and had picked up 10% or more in that period....and for example had paid a maximum of £10 for shares in the previous 12 months, then the minimum offer has to be £10.
I'm not a lawyer so I might be wring....
THIS APPLIES TO THE BIDDER as far as I can see:
Requirement for particular forms of consideration: If any shares are acquired during the offer period for cash, or 10% or more were acquired for cash during the preceding 12 months, the offer must be in cash (or include a cash alternative) at not less than the highest price paid during the offer period and the preceding 12 months.
Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has today sold 3,000,000 shares in Rogue Baron Plc (AQSE: SHNJ) ("Rogue Baron"), one of its investee companies, for gross proceeds of £120,000.
So 4p each
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that Rogue Baron plc ("Rogue Baron") a premium spirits company, an investee company of Gunsynd, is expected to be admitted to trading on the Access segment of the AQSE Growth Market on or around 12 March 2021.
On admission, following the conversion of all of the principal of its loan notes and grant to it of fee shares, Gunsynd will hold 24,543,563 ordinary shares in Rogue Baron, representing 28.48% of its issued share capital. These ordinary shares are subject to a lock-in period. Following admission, Gunsynd will retain a balance of £111,464 of Convertible Loan Notes consisting of accrued interest.
16:49:55 24.00 53,769 12.90k O
16:49:44 24.00 35,738 8,577 O
16:49:11 23.50 187,576 44.08k O
16:48:48 24.00 54,173 13.00k O
16:46:53 24.00 18,546 4,451 O
16:46:53 24.00 18,546 4,451 O
16:46:39 24.00 877,834 210.68k O
16:46:12 24.00 263,524 63.25k O
16:46:12 24.00 263,524 63.25k O
16:45:35 24.00 449,787 107.95k UT
Why pay 2p per share for warrants when the SP is lower?....unless you know something perhaps?
Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has received a warrant exercise notice to subscribe for 2,750,000 new ordinary shares in the Company at an exercise price of 2 pence per share. Subscription monies of £55,000 have been received by the Company in respect of the exercise of these warrants.
Earlier RNS - so good profit made
On 30 September 2020, the Company announced that it had invested CAD$100,000 (approximately £58,000) into gold exploration company Federal Gold Corp which was subsequently renamed Angold Resources Limited following the completion of the reverse takeover of ZTR Acquisition Corp (ZTR.H: APH) ("ZTR") in which Gunsynd had an existing holding. On 31 December 2020, the common shares of Angold began trading on the TSX Venture Exchange ("TSXV"), under the ticker symbol TSXV: AAU.
Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has disposed of 712,500 shares in Angold Resources Ltd. (formerly, ZTR Acquisition Corp) ("Angold") (TSXV: AAU).
The disposal was executed via the sale of 712,500 shares on the market at an average price per share of C$0.41 for proceeds of approximately C$290,000 (approximately £163,000) after costs.
Following this disposal, Gunsynd no longer holds an interest in Angold.
Our test measures the number of CD4 cells as it is important to know when the CD4 count gets too low for the body to fight disease - so not our test.
CD4 cells are white blood cells called T lymphocytes or T cells that fight infection and play an important role in immune system function
EBITDA profitability for the full year = £187 million
EBITDA for H2 2020 = £143 million
Shares in Issue 70,626,248
EBITDA for the full year = £ 2.65 per share
EBITDA for H2 = £ 2.02 per share
Good result for shareholders
Great Western Mining Corporation PLC (AIM – GWMO, Euronext Growth – 8GW), which is
exploring and developing multiple early-stage gold, silver and copper targets in Nevada,
announces that it has received a notice of exercise of warrants over 15,000,000 new ordinary
shares of €0.0001 each in the share capital of the Company at a price of 0.20 pence per share
(“the Warrant Shares”), which were granted in conjunction with the Placing on 16 July 2020. The
Company will issue the Warrant Shares with gross proceeds amounting to £30,000.
Settlement and Dealing
Application will be made to the AIM Market of the London Stock Exchange ("AIM") and Euronext
Growth for a total of 15,000,000 ordinary shares, which will rank pari passu with the Company's
existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM and Euronext Growth
are expected to commence on or around 21 January 2021 ("Admission").
Total Voting Rights
In conformity with Regulation 20 of the Transparency (Directive 2004/109/EC) Regulations 2007,
Great Western advises that the total number of ordinary shares of €0.0001 each in issue (with
voting rights) will be 3,085,714,550 following the issue of the Warrant Shares. The Company does
not hold any ordinary shares in treasury.
This figure may be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change to their interest in Great
Western under the Transparency (Directive 2004/109/EC) Regulations 2007 and the
Transparency Rules.
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