Centurion Res Share Discussion Threads

[gbh2] 10/4/2008 11:42

Good to know that none of the fat cats will suffer as a result of the last few years of dire performance!

[jimcar] 10/4/2008 11:31

David and Iancc

In reply to your queries

David
Following completion of the Acquisition, it is proposed that all Paion
Shares including the New Paion Shares, will be listed on the Regulated Market
(Regulierter Markt) of the Frankfurt Stock Exchange and admitted to trading on
AIM.

Iancc

• Paion and CeNeS have agreed that, on completion of the Acquisition,
Gavin Kilpatrick (currently Chief Scientific Officer of CeNeS) will be appointedto the management board of Paion.



• It is also intended that, following completion of the Acquisition, Alan Goodman (currently Chairman of CeNeS) will become a member of the supervisory board of Paion.


and

• In addition, as at 9 April 2008 (the latest practicable date prior to
the date of this announcement), irrevocable undertakings to vote in favour of
the Scheme and the Acquisition at the Court Meeting and the General Meeting (or,
in the event that the Acquisition is implemented by way of a Takeover Offer, to
accept or procure acceptance of such offer) have been received from Gartmore
Investment Management in respect of 3,986,016 CeNeS Shares, from Avlar
Bioventures Fund II in respect of 2,436,449 CeNeS Shares, from ATM Investment
Limited in respect of 154,605 CeNeS Shares, from Avlar Bioventures Limited in
respect of 58,047 CeNeS Shares, from the Avlar Pension Fund in respect of 33,333
CeNeS Shares and from Gavin Kilpatrick (Chief Scientific Officer of CeNeS) in
respect of 15,079 CeNeS Shares.



• In addition, as at 9 April 2008 (the latest practicable date prior to
the date of this announcement) a letter of intent to vote in favour of the
Scheme and the Acquisition at the Court Meeting and the General Meeting has been
received from Universities Superannuation Scheme in respect of 1,081,162 CeNeS
Shares.



• Accordingly, Paion has received irrevocable undertakings and a letter
of intent in respect of, in aggregate, 8,136,106 CeNeS Shares, representing
approximately 37.1 per cent. of CeNeS's existing issued share capital.

[david63009] 10/4/2008 08:52

so what happens to the shares we hold in nominee accounts, do we automaticaly receive the equivalent in paion shares?

[dr biotech] 10/4/2008 08:34

Just have to look back to the posts around 5950 to see some of the people that were suggesting 150p+.

This was a very poorly run company and the expectation that the management could suddenly come good was entirely misconceived.

Unfortunatelty it's a great example of why not to invest in biotechs

[bryant551] 10/4/2008 08:23

Hopefully Rentokill will show interest and guarantee CEN's final extermination at any price

[wikroberts] 10/4/2008 08:19

Wonder if any other company might show the interest as the price is announced now.....

[topinfo] 10/4/2008 08:12

coz its all share not cash...

[oilretire] 10/4/2008 08:10

Why are they not trading nearer the 48.9pps ?

[sicilian_kan] 10/4/2008 07:46

100-150p was never a realistic price.

[kalingalinga] 10/4/2008 07:40

How on earth do they get away with this stuff

[the_doctor] 10/4/2008 07:38

Well, for the holders, its better than going bust!

Sad to see biotechs go, but this was a pretty unimpressive and unexciting one.

[joe say] 10/4/2008 07:30

Staggered that the approx 50p price first indicated by the market is what ultimately has been realised.

[canford cliffs] 10/4/2008 07:27

seems like it's all over - what a dog!

[kalingalinga] 04/4/2008 14:07

what....a rule 8.3...

[bamwam] 04/4/2008 09:18

Never posted before - Just read the papers(Times)on Sunday - nor will I again.

[kalingalinga] 03/4/2008 08:51

my view is...this co and its management have an infinite capacity to disappoint (and spend money)..

[joe say] 28/3/2008 08:56

Thanks BB - Well we're 2/3rds the way through the maximum period possible. Still puzzles me as to why nothing has been forthcoming over this time given the size of the company.

For somebody to enter talks they must at the very least have performed prelimary/top-level analysis, and formed a view. All that is then required is to visit the company and validate the key criteria - in reality how long should that take with CENES ?

Surely its a case of reviewing the research findings (which by their nature would be comprehensive, well laid out and auditable), and the companies contracts, not doing the whole research themselves ?

And holding on for a lower share price potentially I guess. Or perhaps the proposed acquirer is now having difficulty raising funds/justifying the required gearing etc.

Your views ?

[blackbear] 28/3/2008 08:38

rulz say 3 months negotiations permissible

[joe say] 28/3/2008 08:30

Could anyone advise as to what a reasonable time to be in talks would be for a company of this size ?

Surely every contract/transaction/e-mail could have been read 3x over, and a decision made one way or the other ?

[sicilian_kan] 27/3/2008 22:25

bi1l, you've gone quiet. What happened to your 125p predictions?

[bi1l] 25/3/2008 15:31

that's strange - the 44K has now gone off the list or perhaps changed to 4K ???