Member Info for Wimbledon

Good point lost money unless they have funding for 2 quarters god only knows. I might ask the co about this tomorrow whether they reply god only knows

Missed one and

28 that it has not offered or sold and, prior to the expiry of a period of six months from Admission, will not offer or sell any Placing Shares to persons in the United Kingdom, except to UK Qualified Investors or otherwise in circumstances which have not resulted and which will not result in an offer to the public in the United Kingdom within the meaning of Article 2(d) of the UK Prospectus Regulation;

Anyone understand these bits

25 if in the United Kingdom, that it is a UK Qualified Investor and it undertakes that it will acquire, hold, manage and (if applicable) dispose of any Placing Shares that are allocated to it for the purposes of its business only;

26 if it is acting as a "financial intermediary", as that term is used in Article 2(d) of the EU Prospectus Regulation or the UK Prospectus Regulation, as the case may be, that the Placing Shares acquired by it in the Placing will not be acquired on a non-discretionary basis on behalf of, nor will they be acquired with a view to their offer or resale to, persons in a member state of the EEA other than EEA Qualified Investors or persons in the United Kingdom other than UK Qualified Investors, or in circumstances in which the prior consent of the Joint Bookrunners and the Company has been given to the proposed offer or resale;

27 that it has not offered or sold and, prior to the expiry of a period of six months from Admission, will not offer or sell any Placing Shares to persons in the EEA, except to EEA Qualified Investors or otherwise in circumstances which have not resulted and which will not result in an offer to the public in any member state in the EEA within the meaning of Article 2(d) of the EU Prospectus Regulation;

Medi dont just pick on him we may have the same dealer !

Dobbyy - they'll get the money its just the placing shares themselves cant get to the market within 6 months - I think, but this is really worth checking as it makes a massive difference and I am only trying to understand the t and c's

Tintook2 - The placing shares can't be sold into the market and will only be sold if we hit and are around in 6 month- looks factual to me

Poorinvester - I dont think they will and certainly not tomorrow - not according to the t and c's ..which I am presuming you haven't read

And it will take a lot less money to do it - EUA went from 0.35 to 30p (thank the lord on that one) okay crashed back but I managed to offload around 20ish begore the war. hopefully lightening strikes twice

Tintook not wishing to polish a turd i tend to agree - those participating will also want to sp as high as possible to offload in 6 months time and what do you do to help that - buy in the open market to up the SP and there's nothing stopping them doing that

Hence the gamble on striking gas so would appear all or nothing this time round

Re read it and looks like both financial intermediaries and qualified investors can not distribute to public before 6 months from admission has expired

Makes sense - you think these are actually locked in the SPV ?

AIM issuers

Because AIM is not a regulated market, the 20% restriction after which a prospectus must be published does not apply to AIM issuers. An AIM issuer is therefore able to exploit the whole of any unused allotment authority granted at its AGM, which is typically set at a third of its share capital.

The AIM Rules also impose no limit on the discount at which any equity fundraising can be undertaken.

The broker conducts an accelerated book-building which usually lasts less than a day. Instead of underwriting the issue, the broker invites institutional investors to bid for placing shares. When the bids are in, the listed company and the broker set the issue price and the broker then notifies placees of their allocation of shares and the price payable.

Maybe thats just the intial bit not ongoing . but surely you cant have that many shs being offloaded at once - unorderly markets etc

(i) the Placing Shares acquired by and/or subscribed for by it in the Placing will not be acquired and/or subscribed for on a non-discretionary basis on behalf of, nor will they be acquired or subscribed for with a view to their offer or resale to persons in the United Kingdom other than to UK Qualified Investors, or in circumstances which may give rise to an offer of securities to the public other than an offer or resale in the United Kingdom to UK Qualified Investors, or in circumstances in which the prior consent of the Joint Bookrunners has been given to each such proposed offer or resale; or

Dunno far too complicated for me little brain - have a look at all the conditions at the end of the rns - mind boggling

25 if in the United Kingdom, that it is a UK Qualified Investor and it undertakes that it will acquire, hold, manage and (if applicable) dispose of any Placing Shares that are allocated to it for the purposes of its business only;

26 if it is acting as a "financial intermediary", as that term is used in Article 2(d) of the EU Prospectus Regulation or the UK Prospectus Regulation, as the case may be, that the Placing Shares acquired by it in the Placing will not be acquired on a non-discretionary basis on behalf of, nor will they be acquired with a view to their offer or resale to, persons in a member state of the EEA other than EEA Qualified Investors or persons in the United Kingdom other than UK Qualified Investors, or in circumstances in which the prior consent of the Joint Bookrunners and the Company has been given to the proposed offer or resale;

Does that mean in reality the placing shs dont hit the market for 6 months

27 that it has not offered or sold and, prior to the expiry of a period of six months from Admission, will not offer or sell any Placing Shares to persons in the EEA, except to EEA Qualified Investors or otherwise in circumstances which have not resulted and which will not result in an offer to the public in any member state in the EEA within the meaning of Article 2(d) of the EU Prospectus Regulation;

any ideas?