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CCAP Conduity Capital Plc

0.975
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Conduity Capital Plc LSE:CCAP London Ordinary Share GB00BMX66220 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.975 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Conduity Capital Share Discussion Threads

Showing 676 to 699 of 700 messages
Chat Pages: 28  27  26  25  24  23  22  21  20  19  18  17  Older
DateSubjectAuthorDiscuss
16/2/2024
16:05
I clarify, as follows:

1) There will be an initial disposal of some shares in order to cover the costs of winding-up.

2) There will then be an in specie distribution of the majority of the SM427 shares to Conduity shareholders (a process of distributing an asset in its physical form rather than selling it and then distributing the proceeds). Because the shares are not easily divisible between the shareholders of the Company a ‘top-up’ cash distribution will be required to ensure a pari passu dividend.

Examples of how a distribution will be declared and paid is shown below (amounts are purely illustrative):

Shareholding (%) Whole shares in SM247 to be distributed in specie Cash distribution
(£)
Shareholder 1 1.00% 21,806 £401.78
Shareholder 2 0.10% 2,260 £41.67


Whilst the proposed Liquidators will distribute the beneficial interest of the shares in specie, the Company’s Registrars will be engaged to formalise the legal transfer of the shares.

xow98
21/9/2023
09:58
They bled this one well. PIRI next?
kemche
21/9/2023
09:30
Voluntary liquidation
onsideman
01/7/2023
10:52
This was supposed to be sorted by now, anyone heard anything from dodgy Greg?
ronson333
22/6/2023
08:43
Will share holders receive anything
shaf5
14/6/2023
10:32
company will enter voluntary liquidation
pejaten
14/6/2023
09:49
What’s going on here? Has dodgy Greg gone awol again.
ronson333
09/6/2023
16:59
I take it that’s a no then
shaf5
02/6/2023
12:52
Any further news
shaf5
02/5/2023
16:26
Thanks bwilder2 Radio silence from the company who did not even bother to keep the website current, never mind the shareholders informed. IMHO
andre
02/5/2023
14:23
Thanks Greig for the update.
kemche
02/5/2023
14:20
I’m in touch with a group of shareholders who have a Telegram account and purportedly represent over 50% of our shareholder base. Their sentiment is to have a general meeting to approve a solvent liquidation of the company and the Smarttech shares + any residual cash to be distributed to the shareholders.

Apologies that this is dragging on but the delay is out of my hands as we’ve been finalising a large VAT reclaim that was finally submitted last month. I have not wanted to complicate this (with initiation of liquidation) as I am advised that we are eligible for the money and it is significant. We have had further questions from HMRC into the claim before it is paid and our accountants who have got a full reconciliation of each entry (and this has been where the time has gone) have already replied.

We have initiated the drafting of the circular and it will be published as soon as possible because we believe the consensus of shareholders is to pursue this route (liquidation and distribution).

Noted that the SM247 price has fortunately moved in our favour and I am hoping that further positive news flow will keep this strong with good liquidity. The rationale of Smarttech was to deliver growth and on that basis CCAP shareholders ending up as SM247 shareholders was always the intent (albeit the original terms for the RTO were on more beneficial terms but unfortunately that was taken out of our hands).

We hope to get the circular out before the end of this month/early next month.

Best Regards,

Greg Collier

bwilder2
02/5/2023
14:20
solvent liquidation and distribution of Smarttech shares and residual cash to shareholders.
kemche
02/5/2023
13:55
So they want to give us Smarttech shares in place of distributing the remaining funds to shareholders? What if we don't want Smarttech shares? Can you share the contents further please?
andre
28/4/2023
15:03
I received a reply to an enquiry I made to the company.
According to the email the company is in the process of applying for a "significant" VAT refund. When this has been processed the company intend to issue a circular to shareholders to get the okay to a solvent liquidation and distribution of Smarttech shares and residual cash to shareholders.
They expect to issue circular shortly.

bwilder2
27/3/2023
18:46
You hit the nail, they don't have a shrewd of decency. Crooks...
profited72
27/3/2023
06:37
If they had a shred of decency they would return the remaining funds to shareholders. Enough said.
andre
26/3/2023
17:01
Appreciate your update, was hoping for something better, scammers!
profited72
24/3/2023
08:20
It would look like the bandits ran off with the cash. No news of anything public or on their website as far as I can see. The website hasn't even been updated since Nick Lee ran off into the ether after failing to take over (RTO) anything. Steven Paul Jones must be very unhappy. He owned 11%. Perhaps the directors did well? All IMHO.
andre
22/3/2023
15:15
Any news guys with this one?
profited72
04/1/2023
07:58
Despite being off-market, they still have an obligation to do their best for the interests of all shareholders. Unfortunately that pretty much means self-policing. Imho
andre
28/12/2022
16:35
"Conduity Capital said it would be reimbursed for all costs incurred over its proposed, and failed, reverse takeover of Smarttech247, which will then be used to subscribe for new shares in the initial public offering."
"About 350k gbp"


Well done to CCAP for at least getting their aborted RTO fees refunded.

I'm not really sure why they should actually have got anything back, as it was their own delisting which effectively scuppered the deal.
So they have at least pulled some sort of a rabbit (albeit a bunny) out of a hat.

CCAP's new shares in S247 are though owned by CCAP, and there's been no suggestion of an in-specie distribution of them to CCAP shareholders.

hedgehog 100
23/12/2022
15:05
The board wishes to thank Mr. Lee for his contribution..... to the utter failure of CCAP and the redistribution of PIs money to whoever dips their hand in the pot next. Imho
andre
22/12/2022
14:29
Jana Zdravecka has a connection with Peterhouse I think, they better not be doing a placing at ‘mates rates’, remember Peterhouse are the ones that recommended Smartech in the first place.
ronson333
Chat Pages: 28  27  26  25  24  23  22  21  20  19  18  17  Older

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