||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Bond International Share Discussion Threads
Showing 3301 to 3323 of 3325 messages
|Just a reminder to anyone who may wish to cash up before liquidation is received that they need to move soon as next Tuesday (6th Dec) is the last available trading date -
" Subject to the passing of the Resolutions by the requisite majority, admission of the Ordinary Shares to trading on AIM will be cancelled with effect from 7.00 a.m. on 8 December 2016, following which the Company's Ordinary Shares will no longer be tradeable.
"The Ordinary Shares will be suspended from trading at 7.30 a.m. on 7 December 2016 in advance of the General Meeting, as the commencement of the liquidation process will render the Company inappropriate for admission to trading on AIM. No mechanism to enable Ordinary Shares to be traded following cancellation will be made available to shareholders."|
|I don't often post here but seeing as this is my only stock which wasn't marked down on the open I thought Id try and look good and seek refuge at the same time!
I assume positions will be closed at the de-list in December and not after the voluntary liquidation?|
Bond International Software plc
Completion of sale of Recruitment Software Subsidiaries
Resignation of Director
Further to the announcements on 22 October 2016 and 31 October 2016, Bond International Software plc is pleased to announce the completion of the sale of its Recruitment Software Subsidiaries, comprising Bond International Software (UK) Limited ("Bond UK"), Bond International Holdings Inc, Bond International Software Pty Limited, Bond International Software China Ltd, Bond International Software (Singapore) Pte. Ltd and Bond International Software KK., to Hockliffe Limited and Bond US Inc. and receipt of the cash consideration of GBP24.1m. The Company is also pleased to announce the completion of the sale of its real estate asset, comprising the Company's registered office and Bond UK's office, for a consideration of GBP1.8m.
Following the disposal of the Recruitment Software Subsidiaries, Tim Richards has resigned from the Board of the Company with immediate effect to continue his career with the Recruitment Software Subsidiaries.
Chairman Martin Baldwin commented: "We would like to thank Tim for his very considerable contribution to the Company over the last 19 years and wish him well for the future".
Now that the sale of the Recruitment Software Subsidiaries has completed and as previously announced, the Board intends to propose a members' voluntary winding up of the Company as soon as practicable and a further announcement will be made about this next week.|
Actually, it is likely to be some time in January, so not so 'shortly'.
The guidance from directors is -
"... the Directors estimate that the amount of that initial distribution could be increased to between 126.0 pence and 128.0 pence per share. ... The Directors understand that the liquidator would expect to make a first distribution to Bond Shareholders shortly after 4 weeks from the commencement of the liquidation which is currently anticipated to commence on or around mid-December 2016."|
|Hi Eeza - You beat me to posting that by a minute!
So we now have an answer to the final moves for BDI and should expect the first cash distribution shortly.
[Edit: See below.]|
|" Result of General Meeting
Bond is pleased to announce that at the Company's Adjourned General Meeting held today at 11.30 a.m. to approve the disposal of the Recruitment Software Subsidiaries (the "Disposal"), the ordinary resolution put to shareholders was duly passed.
As detailed in the circular to shareholders on 24 October 2016 (the "Circular"), the Disposal is subject to certain other Conditions, and completion is due to take place on 4 November 2016. Further announcements will be made in this regard as appropriate."|
|erm ahe bus yet?|
|Oh dear. So much for skim reading. Thanks Boadicea. I'll read through more thoroughly tomorrow.|
|Just so I am clear - the proxy form just issued has to be filled and sent back to be received by them this weds at 11am (not long) and is to vote for or against the Constellation offer at 121p Yes?
Is a vote against already in the bag BTW ?|
|From the Circular being posted today.
"adjourned General Meeting, which will now take place at 11.30 a.m. on 31 October 2016"|
|OK - thanks for that ... I guess this won't be the end of the news flow.|
|weatherman - The meeting to have the vote on constellations offer was adjourned, so your vote was defunct.
They will now arrange another meeting to vote on the symphony offer and your broker should again seek your vote for that motion.|
|weatherman - I'm not sure what 'accepting' the offer really means, as a majority vote in favour of a resolution to take the STG route will scupper the Constellation offer (as I understand it). Whether Barclays will take your acceptance as a mandate to vote against a pro-STG resolution is not clear and you have every reason to be confused.
Barclays tend to be among the least flexible of the on-line brokers but you could possibly ask them to proxy your vote at the meeting in favour of the Chairman without specifying for or against so that he can use his discretion - which will logically be to follow the board's advice to shareholders, whatever that turns out to be on the day!
At least we seem able to trust the board to get the best possible deal out of the situation.
Good luck - and please report back on how you get on.|
|OK - on the 19th I accepted Constellation 121p offer following management guidance. Now they have revoked that advice, and say shareholders should withdraw their acceptance and accept STG instead. However, when I phoned Barclays I was told I can't withdraw unless there is a revision. I'm confused.|
|Update from Symphony:
|This saga just gets better and better.....|
|Increased offer 127p-129.5p
|Watch this space - or rather the RNS News space - The story still has legs!|
|Well they would need to table an increased offer before 24th, else vote may go in favour of the certainty of Constellation's Nov 11 payday.|
|Looks like they are weighing up an offer. I would think it needs to be at least 125p+.Constellation have said that 121p was their final offer.So it's now Symphony's for the takingTheir previous irrevocable undertakings could have withdrawn their support for Symphony if a bid of 135p or more was tabled.Was that an indication of the max amount they were willing to go to in a bidding war ? And therefore have capacity to bid more|
STG advises shareholders to take no action & is considering its options.
Increased offer + more certainty on the distribution date ( ala Constellation) ?|