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TSEG Tse Grp.

0.165
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tse Grp. LSE:TSEG London Ordinary Share GB00B0BFPD14 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.165 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.165 GBX

TSE Group (TSEG) Latest News

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Date Time Title Posts
23/12/201010:19TSE Group (TSEG)......A New Beginning..676
20/9/201011:10TSE Group has a sporting chance261
23/8/200712:46TSE Group - new float18

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Posted at 20/12/2010 12:26 by gerri-c
I am somewhat surprised to see the share price (highest for several months) to be where it is today.
Posted at 17/12/2010 15:25 by rexnash
Here it is then

Result of General Meeting

TIDMTSEG

RNS Number : 2090Y

TSX Group PLC

17 December 2010

17 December 2010

TSE Group plc

("TSE" or the "Company")

Result of General Meeting

Refocus of Strategy, Placing, Board Changes and Change of Name

On 23 November 2010, the Company announced the following proposals: a refocusing of the Company's strategy to one of building an international communications and marketing business; the appointment of David Wright as the new Chief Executive Officer; a placing of new ordinary shares to raise GBP2.75 million; and change of name, all conditional, inter alia, upon shareholder approval.

The Board is pleased to announce that shareholders approved all resolutions proposed at the General meeting held earlier today.

Changes to the Board

David Wright has become Chief Executive Officer with immediate effect. David has considerable knowledge and experience of building an international marketing and communications business. He was founder of Citigate, one of the leading public relations companies within the UK and in 1997 reversed Citigate into Incepta Plc, becoming Chief Executive and subsequently Chairman.

Other than the information disclosed in the announcement on 23 November, there are no further disclosures to be made in accordance with schedule 2(g) of the AIM Rules.

As previously announced Robin Courage has retired from the Board with effect from conclusion of the General Meeting held earlier today and the Board would like to take this opportunity to thank Robin for his contribution to the Group during his tenure as a director.

Change of Name

Shareholders have approved the proposed change of name to Porta Communications plc, which is expected to become effective from 20 December 2010. The Company's new EPIC will be PTCM.

New share certificates will be issued, following which existing share certificates will no longer be valid. Shareholders will still be able to trade in ordinary shares until the issue of new share certificates

Placing

Application has been made for the 2.75 billion new ordinary shares issued under the placing to be admitted to AIM. Admission to AIM is expected to become effective, and dealings commence, on 20 December 2010.

In addition, 150 million new ordinary shares have been issued to David Wright in lieu of fees and under an agreement dated 20 August 2007 relating to the acquisition of TSE Consulting an additional 8 million ordinary shares have been issued to each of Robin Courage and Lars Haue-Pederson. Application will be made for these shares to be admitted to AIM. Admission is expected to become effective and dealings commence on 24 December 2010.

Adam Reynolds, Chairman, commented as follows:

"I am delighted that shareholders have today approved all resolutions at the General Meeting. The Board intends to build an international communications and marketing business. David has substantial knowledge of this sector as he was the founder of Citigate and subsequently became the CEO of Incepta Plc. Porta Communications plc will act as a holding company with individual divisions within which it is intended that the following services will be provided: Public Relations (initially financial, corporate and public affairs); advertising and related services (including media buying and media bartering); and market research."

For further information please contact:

TSE Group plc Tel: +44(0)207 2451100

Adam Reynolds

Paul Foulger

Zeus Capital Tel: +44(0)161 8311512

Ross Andrews

This information is provided by RNS

The company news service from the London Stock Exchange

END

REGGGGCGPUPUGCM
Posted at 17/12/2010 15:24 by sean caruana
RNS Number : 2090Y
TSE Group PLC
17 December 2010



17 December 2010

TSE Group plc

("TSE" or the "Company")



Result of General Meeting

Refocus of Strategy, Placing, Board Changes and Change of Name



On 23 November 2010, the Company announced the following proposals: a refocusing of the Company's strategy to one of building an international communications and marketing business; the appointment of David Wright as the new Chief Executive Officer; a placing of new ordinary shares to raise £2.75 million; and change of name, all conditional, inter alia, upon shareholder approval.

The Board is pleased to announce that shareholders approved all resolutions proposed at the General meeting held earlier today.

Changes to the Board

David Wright has become Chief Executive Officer with immediate effect. David has considerable knowledge and experience of building an international marketing and communications business. He was founder of Citigate, one of the leading public relations companies within the UK and in 1997 reversed Citigate into Incepta Plc, becoming Chief Executive and subsequently Chairman.



Other than the information disclosed in the announcement on 23 November, there are no further disclosures to be made in accordance with schedule 2(g) of the AIM Rules.



As previously announced Robin Courage has retired from the Board with effect from conclusion of the General Meeting held earlier today and the Board would like to take this opportunity to thank Robin for his contribution to the Group during his tenure as a director.



Change of Name

Shareholders have approved the proposed change of name to Porta Communications plc, which is expected to become effective from 20 December 2010. The Company's new EPIC will be PTCM.



New share certificates will be issued, following which existing share certificates will no longer be valid. Shareholders will still be able to trade in ordinary shares until the issue of new share certificates



Placing

Application has been made for the 2.75 billion new ordinary shares issued under the placing to be admitted to AIM. Admission to AIM is expected to become effective, and dealings commence, on 20 December 2010.



In addition, 150 million new ordinary shares have been issued to David Wright in lieu of fees and under an agreement dated 20 August 2007 relating to the acquisition of TSE Consulting an additional 8 million ordinary shares have been issued to each of Robin Courage and Lars Haue-Pederson. Application will be made for these shares to be admitted to AIM. Admission is expected to become effective and dealings commence on 24 December 2010.



Adam Reynolds, Chairman, commented as follows:

"I am delighted that shareholders have today approved all resolutions at the General Meeting. The Board intends to build an international communications and marketing business. David has substantial knowledge of this sector as he was the founder of Citigate and subsequently became the CEO of Incepta Plc. Porta Communications plc will act as a holding company with individual divisions within which it is intended that the following services will be provided: Public Relations (initially financial, corporate and public affairs); advertising and related services (including media buying and media bartering); and market research."



For further information please contact:

TSE Group plc Tel: +44(0)207 2451100

Adam Reynolds

Paul Foulger
Posted at 11/12/2010 08:47 by giantpeach2
Can we get rid of all that guff in the header no it has no reflection on tseg!!!
Posted at 09/12/2010 11:46 by equitydealer007
as one recently said....

Tseg is in effect a cash shell, with funds from the placing and the sale of TSE ..... assuming both go through. They are hitching the company's future to the management of David Wright who built up Incepta (now part of Huntsworth plc).

Holders are therefore backing both the new management and the new strategy.

The early performance is likely to be positive due to anticipation of deals and a tight shareholding list all of whom want the stock to perform in order to provide the currency for acquisitions.

The future is likely to be exciting to say the least and given the right market environment could be extremely profitable.

tick tock....
Posted at 07/12/2010 14:53 by markie7
done some work on this. Current price is 0.14p to buy. Shares in issue will be 3.6bn. So, proforma mkt cap will be about £5m.

So, a business with £2.6m of cash in it as free cash to start a PR firm....maybe hire 6-7 directors on £150k each, and 12 staff on an average of £50k each - a bit of property, a few admin costs - means roughly you need to get to annualised £2.4-£2.5m income to make it work. Then you have a biz doing £300-£400k per year pre tax.....with maybe £1m left over in the bank for disasters...

Lets assume nil contribution from the existing biz, and nil disposal proceeds. it will be tough to sell for sure.

Would I pay £5m for this group? Probably not - needs to drop to close to or below the placing price to make it work. Might well buy some at 0.1p if it gets there.
Posted at 23/11/2010 21:37 by equitydealer007
Posted by Crtl-alt-Delete on iii

Tseg is in effect a cash shell, with funds from the placing and the sale of TSE ..... assuming both go through. They are hitching the company's future to the management of David Wright who built up Incepta (now part of Huntsworth plc).

Holders are therefore backing both the new management and the new strategy.

The early performance is likely to be positive due to anticipation of deals and a tight shareholding list all of whom want the stock to perform in order to provide the currency for acquisitions.

The future is likely to be exciting to say the least and given the right market environment could be extremely profitable.

--------------------------------------------------------------------------------
interesting, my thoughts exactly!!
Posted at 23/11/2010 17:24 by equitydealer007
Well before we pick possible takeovers/mergers....if would be smart to consider if this new direction has been done with a standing start or a running start???? what do i mean??? well i think it would be fair to suggest that they (TSEG) already know whom they are hiring, of which are to be very experienced and well placed with in the PR sector. that kind says they are going to be generating cash fairly quickly, of which will be loss to other firms...but whom???? expect this to take shape over the coming weeks. most likely will see a flurry of news once the EGM has been passed. def time to top up more for some at these levels. dyor...and GLA ..........i smell a plan in play, and i very much doubt that includes a shrinking share price, thus id also guess it will be rising soon enough!! sit tight, those selling today I think will be kicking themselves very very shortly..lol
Posted at 23/11/2010 08:56 by equitydealer007
So he we are!!!! First thing I did is checkout David Wright....if you have not done so, u should...also citygate! now called Citgate Dewe Rogerson.....one very successful company built by Wright. wonder how many will be joining him on his new PR firm from his last? mmmmmmmmmmmmmmmmmm! Then I got thinking well......if he built citygate organically and AND via aquisitions..(oh he certainly did some fine aquisitions) then whom might be the targets?????? This has got serious legs if you ask me, the EGM is a no brainer.....the board hasd controlling interest thus they pass it themselves. BUT BUT BUT!!!! most important thing here for me is the large investments the current board have put in! if thats not a serious sign of confidence and things to come what is????? multi-bagger this 2011 will big a big year and great for the share price!!! DYOR....i did .................gla
Posted at 25/10/2010 15:02 by moreforus
by at 0.127 sell at 0.11..silly spread to deter anyone not scared of the sub penny share price

bet those bailing at 0.06 feel a bit sick today....
TSE Group share price data is direct from the London Stock Exchange

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