Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
he Transaction is subject to various significant conditions, including: -- Approval of the Transaction by shareholders by way of a resolution for the sale, to be proposed at an annual and special meeting. -- The Purchaser obtaining the requisite antimonopoly approval from the relevant Kazakh authorities (the "Antimonopoly Approval") -- The Company obtaining the formal consent to the change in ownership from the Ministry of Industry and Development (the "MID", the relevant Kazakh authority) which is required under Kazakh law (the "Consent"); -- The Company obtaining an amendment to the licences to delay commencement of production to the first quarter of 2019 (the "Amendment") -- the issuance or renewal (extension) of Technical Conditions for connection to the electricity grid and to procure the sufficient water supply for the facilities of the Project (including Technical Conditions for water conduit) -- If any of the Amendment, the Consent or the Antimonopoly Approval are outstanding and the Purchaser does not agree to extend the longstop date, the Sellers will repay the deposit to the Purchaser. -- The longstop date is October 8, 2016, but will automatically roll forward by a further a further three months if the only conditions not satisfied at that time are one or more of the Consent, the Amendment or the Antimonopoly Approval; the longstop date may also otherwise be extended by the mutual agreement of the parties. -- The Company will pay a termination fee of US$400,000 plus costs of the Purchaser up to an additional US$150,000 in the event that it terminates the agreement before Completion. -- The Sale and Purchase Agreement contains commercial warranties and indemnities from the Sellers.
The sale of Karchiga, if completed, will provide the Company with a platform to identify new potential opportunities to seek to create value for shareholders.'
nearly half the money going to another party The key terms of the Sale and Purchase Agreement, which will be filed on SEDAR, are as follows. -- A deposit of $100,000, payable within 14 business days of signing the Sale and Purchase Agreement. -- Initial consideration of $7.75 million (less the deposit) payable on completion. -- The initial consideration is to be allocated as follows: -- $4,438,268 for the purchase of intercompany debt owed by MLD to Orsu -- $3,311,502 for the purchase of intercompany debt owed by MLD to Lero Gold Corp. ("Lero", the intermediate holding company for the Karchiga Project); -- $230 for the 94.75% interest in MLD held by Eildon Enterprises Limited ("Eildon", the immediate parent undertaking of MLD).
The key terms of the Sale and Purchase Agreement, which will be filed on SEDAR, are as follows. -- A deposit of $100,000, payable within 14 business days of signing the Sale and Purchase Agreement. -- Initial consideration of $7.75 million (less the deposit) payable on completion. -- The initial consideration is to be allocated as follows: -- $4,438,268 for the purchase of intercompany debt owed by MLD to Orsu -- $3,311,502 for the purchase of intercompany debt owed by MLD to Lero Gold Corp. ("Lero", the intermediate holding company for the Karchiga Project); -- $230 for the 94.75% interest in MLD held by Eildon Enterprises Limited ("Eildon", the immediate parent undertaking of MLD). so they are getting about £3m ?
not long to wait , 13 th May
the key bit of info , will HMRC appeal ?
I was wrong - doh , this will probs fly now - GLA
VAT case surely IFX and others is just refferring to the other parties involved in that particular case ?
thanks for link , this year looks to be exceptionally good !
Thanks - still NT HL !
anyone else buy with different providers ? still NT HL
anyone else buy with different providers ? still NT HL
nt on HL , honestly !!
I hate isdx traded shares , but am quite relaxed here , 5% divi at 80p underpins this SP , and with the outlook looking rosy and cash in the bank, it looks a nailed on 110p minimum imo, what could possibly go wrong ? :-)
had a quote 88 , deliberated , now NT on HL , BUT buys going thro elsewhere ?
HL , nt for £1k - for ages , and still NT , admittedly not been glued to screen
for ages now, think I was lucky to get mine , was NT 1st thing too
what's not to like ? improving revenue / margins , increased recurring revenues , earnings up , divi up , and RSI circa 20% , Strong first quarter - FileFinder Anywhere new client orders up over 70% and Voyager Software division orders up circa 50% · Launch of FileFinder Anywhere Essentials in March 2016 - the only truly browser based product from a mainstream supplier to the executive search market · New product launch expected in Voyager Software division in 2016