Chelford Share Discussion Threads

[sammy_smith] 15/11/2012 16:44

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[pc4900074200] 23/4/2008 18:59

Good luck to all.

With the markets as they are, IMO a good time to buy?

But invest wisely. DYR.

pc

:-]

[aspex] 23/4/2008 02:22

Here we all sign off.

[largeman] 22/4/2008 16:32

Mine hit my account today so thats it then - removing from my portfolio and off to invest elsewhere. Nice to have chatted with you - shame it wasn't for more than £2.15 but i'm still in profit so no complaints.

[welsheagle] 19/4/2008 18:52

Broker said it would be in nominee accounts on Tuesday 22nd April.

[pc4900074200] 19/4/2008 09:15

Up-date on yesterdays post.

Cheque arrived to-day.

pc

[largeman] 18/4/2008 12:03

I have a feeling nothing will be paid until at least the 6th May. Not sure how this works though.

[pc4900074200] 18/4/2008 10:39

Has anyone received their 'cheque for certs'?

Or have I got it wrong that the 18th, 14 days after the
issue of the RNS 4th April was the day of payment?

pc

[pc4900074200] 09/4/2008 07:10

RNS Number:9286R
Chelford Group PLC
09 April 2008

Chelford Group Plc ("Chelford")

Cancellation of admission and compulsory acquisition

Chelford announces that it has applied to the London Stock Exchange for the
cancellation of trading of Chelford Shares on AIM following the announcement on
4 April 2008 that the recommended cash offer for Chelford by Solarsoft
Acquisition Limited ("Solarsoft") a company formed at the direction of Marlin
Equity Partners ("Offer") had been declared unconditional in all respects. It
is currently anticipated that cancellation will take effect from 7.00 a.m. on 6
May 2008.

Solarsoft also intends to exercise its rights pursuant to the provisions of
sections 979 to 982 (inclusive) of the Companies Act 2006 to acquire
compulsorily on the same terms as the Offer the remaining Chelford Shares not
already acquired or agreed to be acquired by Solarsoft pursuant to the Offer and that it is also anticipated that, after the cancellation of admission, Chelford will be re-registered as a private company under the relevant provisions of the Companies Act 1985.

Chelford shareholders who have not yet accepted the Offer should note that
cancellation is likely to reduce significantly the liquidity and marketability
of Chelford Shares not acquired under the Offer. Once cancellation has taken
effect, Chelford shareholders will no longer be able to effect transactions in
Chelford Shares on AIM at the market price.

Enquiries:

Chelford Tel:[phone]
Trevor C. Lewis, Chief Executive

KPMG Corporate Finance Tel: [phone]
(financial adviser to Chelford)
Mark Farlow
Susan Walker

Charles Stanley Securities Tel: [phone]
(nominated adviser to Chelford)
Richard Thompson
Mark Taylor
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWOBRWKRSRAR

pc

[aspex] 01/4/2008 08:23

Done deal at 90.8% acceptance level achieved

[pixi] 11/3/2008 14:15

Excellent news on takeover offer.

[pc4900074200] 07/3/2008 17:39

Done deed?

'Further to the announcement made on 6 March 2008 of a recommended cash offer by Solarsoft to acquire the entire issued and to be issued share capital of Chelford, Solarsoft announces that the offer document (the "Offer Document")
containing the full terms of the Offer has been posted to Chelford Shareholders
yesterday together with the Form of Acceptance.


The Offer will be open for acceptance until 3.00 p.m. (London time) on 27 March
2008.


If you hold your Chelford shares in certificated form (that is, not in CREST),
to accept the Offer in respect of those Chelford shares you should complete,
sign and return the Form of Acceptance (together with your share certificates
and any other documents of title) as soon as possible and, in any event, so as
to be received by not later than 3.00 p.m. (London time) on 27 March 2008, to
Computershare Investor Services PLC, Corporate Actions Projects, Bristol, BS99
6AH.


If you hold your Chelford shares in uncertificated form (that is, in CREST), to
accept the Offer in respect of those Chelford Shares you should follow the
procedure for Electronic Acceptance through CREST so that the TTE instruction
settles as soon as possible and, in any event, not later than 3.00 p.m. (London
time) on 27 March 2008. If you are a CREST sponsored member, you should refer to your CREST sponsor before taking any action as only your CREST sponsor will be able to send the necessary TTE instructions to Euroclear in relation to your
Chelford shares.

No EGM, they know they have the quantity of shares to get the go-ahead. Now all we need is the payment date. Will it be this tax year or the next?

pc

[farnesbarnes] 07/3/2008 15:52

aspex - 10 Jan'08 - 17:07 - 2050 of 2069


Anything under 250p is giving it away.




Agreed...

[stnick] 07/3/2008 12:57

yes i think i may need to act before the offer is completed.

thanks for the responses though, cheers

Stnick

[pc4900074200] 07/3/2008 12:28

Would have thought needed an EGM and vote to be passed?

pc

Edit: Two weeks plus for that.

[largeman] 07/3/2008 12:25

The consolidation was on 28 October so your certificate should show the correct number of shares.

No idea on the proposed completion date of this deal though.

[stnick] 07/3/2008 10:07

cheers bb

i have a certificate date 29 OCt 04 and presume that they haven't consolidated since then??

i need to crystallize a loss on this share and just wondered if the offer would be completed by 5 Apr 08 if i wait for that?

cheers

[bladeboy] 07/3/2008 10:04

stnick:
Yes they did
bb

[stnick] 07/3/2008 10:00

also do they state when the offer will be completed by?

cheers

[stnick] 07/3/2008 09:58

has this share had a consolidation of 100 old shares for 1 new one in or around oct 04?

thanks in advance

st nick

[pc4900074200] 07/3/2008 09:15

M4m

If offer excepted. They change shares for cash. No selling fees or tax.

Those selling now are losing by selling @ under offer and by paying costs.

pc

Edit: But if you need the cash now?

[money4me] 07/3/2008 09:02

don't know if you have to sell - do they just sell the shares on your behalf after accepatnce of the offer?

[bernieboy] 07/3/2008 08:16

I guess everybody will be selling then? Is the other company listed on the stock market? Is there any reason to hold?

[bernieboy] 06/3/2008 22:10

Bloody disappointing after holding for so many years! Had much more potential than flippin 215p per share. I never even considered selling at 300p! Its a sell out and I guess no counter bids will come in if management have accepted.

[welsheagle] 06/3/2008 20:16

Presumably up 40p tomorrow?