Member Info for Wassatt

Fundamental changes of business Any disposal by an AIM company which, when aggregated with any other disposal(s) over the previous twelve months, exceeds 75% in any of the class tests, is deemed to be a disposal resulting in a fundamental change of business and must be: ♦ conditional on the consent of its shareholders being given in general meeting; ♦ notified without delay disclosing the information specified by Schedule Four and insofar as it is with a related party, the additional information required by rule 13; and

In accordance with AIM rule 15 ♦ accompanied by the publication of a circular containing details of the disposal and any proposed change in business together with the information specified above and convening the general meeting. Where the effect of the proposed disposal is to divest the AIM company of all, or substantially all, of its trading business, activities or assets the AIM company will, upon completion of the disposal, be treated as an investing company. The notification and circular containing the information specified by Schedule Four convening the general meeting must also state its investing policy to be followed going forward which must also be approved by shareholders. The AIM company will then have to make an acquisition or acquisitions which constitute a reverse takeover under rule 14 or otherwise implement the investing policy approved at the general meeting to the satisfaction of the Exchange within twelve months of becoming an investing company. Where an AIM company proposes to take any other action, the effect of which is that it will cease to own, control or conduct all, or substantially all, of its existing trading business, activities or assets (including the cessation of all, or substantially all, of the AIM company’s business), the above requirements to notify the action, publish a circular setting out its investing policy going forward, obtain shareholder consent for that investing policy and implement it within twelve months of taking such action, will apply. Shareholder consent for the act

That's what I've been told by my broker as well

Thanks for the explanation, so it's not "new money" then.

"UT: Uncrossing Trade This is used for for the single uncrossing trade detailing the total executed volume and uncrossing price as a result of a SETS auction." But what does that mean in English ?

Both appear after hours, but what is the UT trade ?

I think there is some confusion as to "ISA share account" and "TSB ISA shares" Of course the money will stay in your ISA account, it's a case of, will it be in the share? Or in the account. Sorry, I didn't explain that properly obviously, I'm confused myself now, but I think I understand it even if I haven't put it in writing correctly ... I think we are all saying the same thing but in different words.

I'm not saying you can't leave the money in the ISA account, what I am saying is ...once the TO has happened, there is certain criteria that has to be in accordance with the HMRC's requirements. A further update will be issued at a later date as to what happens next. This information has been given by my brokers ISA account team. Suggest you check it out with your broker and see what they say

Unfortunately it's normally the good guys that get shafted

I've had posts removed for talking about different shares on other boards. I don't think admin take kindly to ramping other shares, on the wrong board. It's a shame that they still allow false declaration of trades though, surely there must be a better way of stating whether a trade is a buy or a sell.... But hey, the MMs are untouchable

I've just requested the information regarding holdings in an ISA account, and what happens next. The simple answer is, there will be further notifications to explain once the transfer has happened, as to whether or not you will be able to keep the funds in your account. Basically, once the Spanish bank has taken ownership, if they don't meet HMRC's requirements for ISAs then the money's will not be able to remain in the ISA share, so would then have to be removed as a share holding (of course you don't lose your money). I hope I've explained that well enough.

Important Information & Other Key Dates: Sabadell has announced the terms of a recommended Cash Offer for the share capital of TSB. The Offer values the share capital of TSB at approximately GBP1.7 billion with the Offer Price representing a premium of approximately 4 percent to the Closing Price of GBP3.27 per TSB share on 19th March 2015, this being the last Business Day prior to the announcement of the Offer. Sabadell holds or has received irrevocable undertakings in respect of, in aggregate, 250,047,903 TSB shares representing approximately 50.01 percent of the existing issued share capital of the Company. The Independent Directors of TSB, having been so advised by Citigroup and Rothschild, consider the terms of the Offer to be fair and reasonable and therefore unanimously recommend that TSB shareholders accept the Offer. Assuming the Offer becomes or is declared unconditional in all respects, Sabadell intends to procure the making of an application by TSB to the London Stock Exchange (LSE) for the cancellation of trading of TSB shares and for the cancellation of listing of the TSB shares on the LSEs Main Market for listed securities. The Cancellation is expected to take effect no earlier than twenty business days after the Offer becomes or is declared unconditional. If Sabadell receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more of the TSB shares and assuming that all of the other conditions of the Offer have been satisfied or waived, Sabadell intends to exercise its rights pursuant to the provisions of sections 979 of the Companies Act 2006 to acquire compulsorily the remaining TSB shares on the same terms as the Offer. Please be aware that should you choose to accept the Offer, your entitlement will not be released until the Offer has been declared unconditional in all respects, as stipulated in the Takeover Code. Once the Offer has been declared unconditional in all respects, payment is expected to be made around ten working days following the date of such announcement. You can monitor the progress of the Offers acceptances through any regulatory news provider. However, we will notify you once your entitlement has been credited to your account. At the time of the TSB IPO in June 2014, Lloyds implemented a bonus scheme by which retail investors buying TSB shares through the IPO and holding those shares for 12 months would be entitled to receive a number of free additional TSB shares (termed Lloyds Bonus Shares). The terms of the scheme contemplate where a change of control of TSB occurs before the additional TSB shares are issued and provides that Lloyds make arrangements to compensate investors. As this is the case Lloyds will arrange to pay investors the cash value of those bonus shares (at the offer price to be paid by Sabadell). If you wish to accept the Offer, please do so as soon as possible as the Offer may not be extended. Before making any decision ple

No, not yet anyway. Not sure what you were feeling, perhaps it's water

I wonder if this movement will take us back to where we were a couple of weeks ago???? Then next Monday TRP can issue another RNS saying "we do not understand the rise last week" Yeah right....

It's like a flower that's lost its bloom, a week ago you could post something here and within a minute it was four pages back, now, you will still see your post on the first page three days later.... AIM is one den of iniquity, and the day riders come in and sing the praises of a share that they don't know much about and then disappear into the ether .... I'm just amazed that this sort of activity is legal, who was behind it? The MMs? The BOD? The Nomad,? No idea, but who ever it was they need shooting, as they line their own pockets with ill gotten gains... FCA & the Government should act and stop this. If the name was "Dick Turpin" they would have hung him by now, but because the same people hide behind a "Name" it's ok... Yeah right...

I am very pleased to report that the integration of the two businesses is moving ahead very well and in some areas the progress is better than management's original expectation. The synergies from the integration are also being fully realized as we move through the process and we are confident that these will be achieved in line with expectations. The integration remains firmly on track and will be largely complete by the end of June. We continue to expect the integration synergies to flow through the trading performance in the second half of the current year. I can also report that during the course of the integration, we have taken the opportunity to review our organizational structure and we have made a number of subtle but important changes which will serve to enhance and strengthen the organization going forward as well as make it much more easily scalable in anticipation of the expected continued growth. I am also delighted to report that, with very few exceptions, management and staff at all levels have positively embraced the integration process as they are fully bought into the vision and the rational of the merger, where it positions the Group and the opportunities it brings. Given its importance, the Executive Management Team will of course continue to give the integration process the appropriate level of attention and oversight. However, with the strong Project Management team that we have put in place, we are able to maintain our focus on delivering our near term business objectives and mid-term strategy.

I can't say that the spead here makes this share very attractive to buyers. 29.03% is enough to put anyone off.

I did post yesterday that it is in the rules to issue an RNS stating that the bod have no idea why the SP has risen. Surely if we could see it, so could they. They have as much respect for PIs as they do the sewer. They are responsible for this debacle, fully responsible, so should repay any losses to anyone. The signs were there, NEVER TRUST A QUICK RISING SHARE IF TERE HAS BEEN NO NEWS .

Director's Shareholding Porta Communications plc, the AIM quoted international marketing and communications business, has been notified that Mr Bob Morton, the Non-Executive Chairman of the Company, yesterday purchased 1,343,766 ordinary shares of 10p each in the Company at a price of 7.5p per share through Hawk Investments Holdings, a company beneficially owned by Bob Morton and his wife. Following this purchase, Mr Morton is beneficially interested in 34,286,318 ordinary shares in Porta representing 12.81 per cent. of the Company's issued share capital.

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