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Odd to be dropping the price so close to divi payment

One way or another we should see a Monday RNS, if not during the week

Is the happening tomorrow, or do we know if there’s any delay to the date?? The expected date of the Court hearing to confirm and approve the Capital Reduction is 27 October 2017, and the expected effective date for the Capital Reduction is 28 October 2017.

That’s quite a list! I really can see this moving to the ftse in the future. Definitely in this for the long term

As long as they’re offering top dollar they can buy for me!!

Ex, did you miss the boat by any chance. Perhaps take it up with your financial adviser DL ;)

Come on, DL says lots of things, all of which should be taken with a massive pinch of salt. You certainly shouldn’t be basing your investment stratigy on what he says. Divi’s will be announced end of October after the court hearing, which is a formal must! A company is not allowed, by law, to pay as much money out in dividends as directors or shareholders may wish. It may only pay out a certain part of the shareholder's equity. In a company's accounts the shareholder's equity is divided into several categories. These are shown on the balance sheet. It may only pay dividends out of its retained earnings — dividends have to come from profits, repayments of shareholders' capital require a reorganisation. This provides a limited amount of protection for creditors. They are assured that a company cannot pay dividends that will reduce its capital below a certain level. Of course its capital may nonetheless shrink through losses. Octagonal Plc (LSE: OCT), the AIM traded financial services group, is pleased to announce that at the Company's AGM held earlier today, all resolutions were passed. Accordingly, following an application which must be made to the Court, the Capital Reduction can be effected in order to increase the distributable reserves of the Company. The expected date of the Court hearing to confirm and approve the Capital Reduction is 27 October 2017, and the expected effective date for the Capital Reduction is 28 October 2017. As a result of the Capital Reduction, there will be no change to the number of Ordinary Shares in issue, and the rights attaching to the Ordinary Shares will remain the same.

Surely you haven’t based your investment on the hearsay of DL and you did look at why this was never short term!

I’d like to see this move to the main markets long term with a Divi year on year. Value, who knows? But if groth and expansion continues then 20p will be peanuts. Let’s see what happens end of next month, and hopefully it will be on more radars now

Got my eye on a lot more than 5p 💰💰💰

Doesn’t look like a buy back but distribution of funds! How much and when??

Too far under the radar at the moment, but that should change soon

Not attending but looking forward to the news later / in the morning.

A lot of buy showing as sells I suspect

A confirmed date for payment and value will see this lift the SP a little. Topped up on the dip so pleased it's on the up

Thanks Slick, not come across that one before

We will accompany these results with notice of a General Meeting, where the Board will be seeking shareholders approval to take steps to enable the Company to declare its first dividend this year and seek approval for the option to buy back its own shares for cancelation, where the Board see this as beneficial to shareholders.

Could do with a little news to lift this out of the drift down

Somebody out there discovered this is at and all time bargain price ?!?!?!

Just need a date for the divi and this will gain interest and jump a little