FKI Plc Share Discussion Threads

[milacs] 02/5/2008 21:45

Thanks konkel

For me the game is over, sold my remaining shares today.

FKI has been good to me, made a little back in 1997 and even more recently. I wish I could say the same about my other forays in the market.

Best of luck with your investments.

M

[konkel] 02/5/2008 15:54

Milacs...a more official ruling!!

From the document:

Mix and Match Facility

FKI Shareholders (other than certain overseas shareholders) may
elect, under the terms of the Acquisition, subject to
availability, to vary the proportions in which they receive
Consideration Shares and cash consideration under the
Acquisition in respect of their holdings of FKI Shares. The
total number of Consideration Shares to be issued and the
maximum aggregate amount of cash to be paid under the
Acquisition will not be varied as a result of elections made
under the Mix and Match Facility. Accordingly, satisfaction of
elections made by FKI Shareholders under the Mix and Match
Facility will depend on the extent to which other FKI
Shareholders make offsetting elections. To the extent that
elections cannot be satisfied in full, they will be scaled down
on a pro rata basis.

As a result, FKI Shareholders who make an election under the Mix
and Match Facility will not necessarily know the exact number of
Consideration Shares or the amount of cash to which they will be
entitled until settlement of the consideration under the
Acquisition.

Elections under the Mix and Match Facility will not affect the
entitlements of those FKI Shareholders who do not make any such
elections.

An announcement will be made when the Scheme becomes Effective
of the extent to which elections under the Mix and Match
Facility have been satisfied.

[konkel] 02/5/2008 15:50

Milacs, I think you do. Basically, as I see it, there is a mix and match option which means that if every single shareholder opted for 100% in cash then everyone would receive 40p in cash (the cash element of the bid). However, there will doubtless be holders who prefer Melrose stock which means there is more cash available for those who want it.

[milacs] 29/4/2008 10:02

konkel

I am not sure that you have the choice.

M

[konkel] 29/4/2008 09:53

I had 50,000 and sold 15,000 y'day at 88.5p.....am happy to hold the rest to pick up the divi and will elect for 100% cash in the mix and match deal.

[steve1905] 28/4/2008 11:15

Yeah, I'm holding just over 8000, fingers on the trigger though.

[scrapman] 28/4/2008 11:12

any pi's still left in this , ?? MRO are getting higher by the day it seems

[milacs] 26/4/2008 20:06

steve

See the announcement.





M

[steve1905] 26/4/2008 13:50

thanks for that Milacs, could you pls let me know what the
.277 part of this equation is?

Also, is 88p about as good as it gets?

thanks again

[milacs] 26/4/2008 12:29

steve

Melrose share price 167.75.

167.75 times .277 = 46.5p

40p in cash +3p dividend.

Total 89.5p.

M

[steve1905] 26/4/2008 07:53

Is it not strange that people would buy above the offer price?

[targatarga] 25/4/2008 22:50

90p next week? regards

[steve1905] 25/4/2008 17:47

What's it all about?

[scrapman] 25/4/2008 16:41

88p finish .

[steve1905] 25/4/2008 09:36

hi to everyone, could anybody tell me when the deal will be put to shareholders?

cheers
Steve

[scrapman] 25/4/2008 09:24

trading over 87p , any more news out this am ???

[scrapman] 23/4/2008 15:33

i make it that best part of 30% of the company has been traded in last two days , must be some changes to major shareholders ,

[bigjohn75] 23/4/2008 13:16

The offer is less than i paid, so i might sell.

[scrapman] 23/4/2008 09:46

someone mopping loads up at 84.75

[scrapman] 22/4/2008 14:24

possible push for the US opening ??

[konkel] 22/4/2008 10:44

They can buy as much as they like but would have to bid once 30% is breached.

[scrapman] 22/4/2008 10:27

out of curiosity , what is the position for any counter bidder , can they buy in the market up to 3% before making a declaration , any one know ?