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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Conduity Capital Plc | CCAP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.975 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.975 | 0.975 |
| Top Posts |
|---|
Posted at 16/2/2024 16:05 by xow98 I clarify, as follows:1) There will be an initial disposal of some shares in order to cover the costs of winding-up. 2) There will then be an in specie distribution of the majority of the SM427 shares to Conduity shareholders (a process of distributing an asset in its physical form rather than selling it and then distributing the proceeds). Because the shares are not easily divisible between the shareholders of the Company a ‘top-up’ cash distribution will be required to ensure a pari passu dividend. Examples of how a distribution will be declared and paid is shown below (amounts are purely illustrative): Shareholding (%) Whole shares in SM247 to be distributed in specie Cash distribution (£) Shareholder 1 1.00% 21,806 £401.78 Shareholder 2 0.10% 2,260 £41.67 Whilst the proposed Liquidators will distribute the beneficial interest of the shares in specie, the Company’s Registrars will be engaged to formalise the legal transfer of the shares. |
Posted at 02/5/2023 15:20 by bwilder2 I’m in touch with a group of shareholders who have a Telegram account and purportedly represent over 50% of our shareholder base. Their sentiment is to have a general meeting to approve a solvent liquidation of the company and the Smarttech shares + any residual cash to be distributed to the shareholders.Apologies that this is dragging on but the delay is out of my hands as we’ve been finalising a large VAT reclaim that was finally submitted last month. I have not wanted to complicate this (with initiation of liquidation) as I am advised that we are eligible for the money and it is significant. We have had further questions from HMRC into the claim before it is paid and our accountants who have got a full reconciliation of each entry (and this has been where the time has gone) have already replied. We have initiated the drafting of the circular and it will be published as soon as possible because we believe the consensus of shareholders is to pursue this route (liquidation and distribution). Noted that the SM247 price has fortunately moved in our favour and I am hoping that further positive news flow will keep this strong with good liquidity. The rationale of Smarttech was to deliver growth and on that basis CCAP shareholders ending up as SM247 shareholders was always the intent (albeit the original terms for the RTO were on more beneficial terms but unfortunately that was taken out of our hands). We hope to get the circular out before the end of this month/early next month. Best Regards, Greg Collier |
Posted at 28/12/2022 16:35 by hedgehog 100 "Conduity Capital said it would be reimbursed for all costs incurred over its proposed, and failed, reverse takeover of Smarttech247, which will then be used to subscribe for new shares in the initial public offering.""About 350k gbp" Well done to CCAP for at least getting their aborted RTO fees refunded. I'm not really sure why they should actually have got anything back, as it was their own delisting which effectively scuppered the deal. So they have at least pulled some sort of a rabbit (albeit a bunny) out of a hat. CCAP's new shares in S247 are though owned by CCAP, and there's been no suggestion of an in-specie distribution of them to CCAP shareholders. |
Posted at 23/12/2022 15:05 by andre The board wishes to thank Mr. Lee for his contribution..... to the utter failure of CCAP and the redistribution of PIs money to whoever dips their hand in the pot next. Imho |
Posted at 13/12/2022 07:44 by andre Financial engineering at its finest. The nepotism displayed across RGO, CCAP, Pires etc shows that whilst PIs get shafted, certain directors make out like bandits regardless. The links are all there between every company including the NOMADs. CCAP get to become another private off-market investment vehicle with non-tradable shares (but with directors who can take a salary and award themselves share options regardless at will). One director is involved in all of the investment companies involved. Expect share options aplenty come the IPO to ensure PIs get diluted at every turn. Add a dose of Irish to ensure an amount of opaqueness too.All IMHO. |
Posted at 01/12/2022 09:30 by kemche No news on CCAP costs/shareholding in Smartech247? |
Posted at 01/10/2022 17:10 by hedgehog 100 "Smarttech247 set for stock market flotation at valuation of over £30mThe IT security company has opted to achieve its listing by a direct IPO, which allows it to list its shares without raising any money BARRY J WHYTE SEPTEMBER 24, 2022 Smarttech247, one of Ireland’s top IT security firms, is planning to list on the stock exchange next month at an estimated valuation of £34.5 million. ... However, last week it was announced that Smarttech247 had decided it would prefer to achieve its listing by a direct IPO, which allows it to list its shares, but doesn’t involve the raising of any money. ... Murphy, who is the sole shareholder in the company behind Smarttech247, said he would continue to hold around 75 per cent of the shares in the company after its listing, but that they would be held in a trust structure to comply with stock market regulations. He said he would probably sell down some of that stake in the future. ... Murphy said that the change in the nature of the listing was an effort to simplify the process, describing it as “a cleaner route” to the market. ... The company behind SmartTech247, Zefone Limited, had revenue of €7.2 million and profit before tax of €1.2 million in the year to July 2021, up by roughly 50 per cent on the previous year." Thanks for the link to that above article, Boxerdogz. "Direct Listing Process Companies that want to do a public listing may not have the resources to pay underwriters, may not want to dilute existing shares by creating new ones, or may want to avoid lockup agreements. Companies with these concerns often choose to proceed by using the direct listing process, rather than an IPO. The direct listing process (DLP) is also known as direct placement or a direct public offering (DPO)." The floatation looks interesting, but not cheap given the crash in tech stock valuations this year. The estimated valuation of £34.5M. is about the same as fourteen months ago. There has been impressive revenue and profit growth, though that should have been factored into the valuation last year, with the new EUR6 million contract already won then. 04/08/2021 07:00 UK Regulatory (RNS & others) Conduity Capital PLC Proposed reverse takeover of Smarttech247 LSE:CCAP Conduity Capital Plc "The Company is pleased to announce that Conduity and Smarttech247, incorporated in the Republic of Ireland as Zefone Limited, have entered into a non-binding heads of agreement to work towards the possible acquisition of Smarttech247 by the Company for a total consideration of GBP33.5 million, to be satisfied by the issue of new ordinary shares in Conduity. ("Proposed Acquisition"). ... Information on Smarttech247 Smarttech247 is an established company in automated managed detection and response cybersecurity - a managed security service that provides threat intelligence, threat hunting, security monitoring, incident analysis, and incident response with a significant AI overlay - with a successful track record of revenue growth and profitability and is positioned at the intersection of three major cybersecurity growth markets: -- Security threat incidents; -- Growth of cloud adoption amongst both large and small-medium enterprises; and -- Proliferation of cyber-security data generation that needs to be integrated. ... Furthermore, Smarttech247 has just been awarded a purchase order under this contract to the value of EUR6 million for plant level operational technology cybersecurity services. For the period ended 31 July 2020, Smarttech247 reported audited profits before taxation of EUR829,000, revenue of EUR4.8 million and had net assets of EUR712,084. These figures represent a significant increase compared to the previous year and the management of Smarttech247 believe that the current year to 31 July 2021 will demonstrate further substantial progress ..." |
Posted at 31/7/2022 07:26 by sweet karolina2 I genuinely hope your RTO then IPO works out for you guys.I use CCAP as 1 of 4 examples of why the risk / reward balance of AIM rule 15 shells does not make sense: I genuinely welcome any comments you have on that thread - it is not too late for them yet. |
Posted at 04/4/2022 20:57 by boxerdogz Cheers Ronson.If any truth t the matter keep an eye on RGO share action , Nick Lee in Both RGO and CCAP |
Posted at 14/10/2021 17:23 by hedgehog 100 "SMARTTECH247 HOLDINGS LIMITED"This is a holding company that CCAP hopes Smarttech247.com will reverse into. But there is less attraction to Smarttech247.com in doing so now that CCAP has lost its listing, which was one of its two main assets. The other being its cash (£1.06M. at 30.6.21). Unless the combined entity seeks to reverse into another listed vehicle, it will now have to IPO, which Smarttech247.com could do without CCAP - and without the added complication. If the CCAP-Smarttech247.co |
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