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CWD Countrywide Plc

394.80
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Countrywide Plc LSE:CWD London Ordinary Share GB00BK5V9445 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 394.80 394.80 395.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Countrywide Share Discussion Threads

Showing 10176 to 10188 of 11225 messages
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DateSubjectAuthorDiscuss
02/8/2018
16:06
462m shares held by biggies. :)



Further to this morning's announcement, the Company has received a commitment from OCM Luxembourg EPF III Castle Holdings S.à r.l that it will, subject to the passing of the Capital Refinancing Resolutions, subscribe for 240,000,000 New Ordinary Shares pursuant to the Firm Placing and/or the Placing (subject to clawback of its participation in the Placing to satisfy Open Offer Entitlements taken up by Qualifying Shareholders under the Open Offer) for a cash consideration of GBP24 million. On this basis, following the Issue, funds advised and managed by Oaktree Capital Management, L.P. will indirectly hold at least 18.9 per cent. of the Enlarged Share Capital of Countrywide.

OCM Luxembourg EPF III Castle Holdings S.à r.l (an indirect wholly owned subsidiary of funds advised and managed by Oaktree Capital Management, L.P.) is a related party of Countrywide for the purposes of the Listing Rules as it is a substantial shareholder of Countrywide (or an associate of such a shareholder) which is entitled to exercise, or control the exercise of, 10 per cent. or more of the votes able to be cast at general meetings of Countrywide.

Brandes Investment Partners

Subject to the passing of the Capital Refinancing Resolutions, Brandes Investment Partners has committed to subscribe for 228,480,000 New Ordinary Shares pursuant to the Firm Placing and/or the Placing (subject to clawback of its participation in the Placing to satisfy Open Offer Entitlements taken up by Qualifying Shareholders under the Open Offer) for a cash consideration of GBP22.8 million. On this basis, following the Issue, Brandes Investment Partners will hold at least 16.2 per cent. of the Enlarged Share Capital of Countrywide.

Brandes Investment Partners is a related party of Countrywide for the purposes of the Listing Rules as it is a substantial shareholder of Countrywide (or an associate of such a shareholder) which is entitled to exercise, or control the exercise of, 10 per cent. or more of the votes able to be cast at general meetings of Countrywide.

The above transactions to be undertaken by OCM Luxembourg EPF III Castle Holdings S.à r.l and Brandes Investment Partners constitute related party transactions for the purposes of Listing Rule 11.1.5R and require the approval of Company's shareholders at a general meeting. Accordingly, the resolutions to be proposed at the General Meeting will seek approval of the Company's shareholders for these related party transactions.

Smaller related party transactions

virtues and strengths
02/8/2018
16:06
I don't know if it will be possible to apply for excess to the basic open offer allocation. That would help reduce dilution, but only possible if some holders don't take up their allocations in full (which they won't).

The prospectus isn't available online yet. They said expected later today.

typo56
02/8/2018
16:01
Let's see how it open 's tomorrow.
costax1654x
02/8/2018
15:53
Short sellers will double money believe me
costax1654x
02/8/2018
15:53
1.1 billion shares at 10 pence!
costax1654x
02/8/2018
15:50
Tomorrow it will be back to 15,just idiots will pay 20 when lots of shares at 10 will invade market!
costax1654x
02/8/2018
15:50
no chance this will double or triple from here not with all those new shares coming to market. theres going to be nearly x7 more shares in issue!! the company even said in the RNS they had to price the shares at 10p due to lack of demand. yeah right!! those buying in the placing may double their money but not me if i was to buy now. i nearly bought some, i thought sub 15p was possible then after that 3:30 RNS came the share price shot up to 20p.
technowiz
02/8/2018
15:16
will be top of the riser board tomorrow
cobra786
02/8/2018
15:11
They spelt it out this morning. PIs diluted by 85.3% if they don't take up, but still 67.9% if they do.
typo56
02/8/2018
14:31
Completion of bookbuilding process.
Open offer 6 for 5 as guessed. Means placees not excluded from taking up open offer, if they have entitlement.

typo56
02/8/2018
14:04
This is not going to survive

It will all be broken up

Not yet

But the writing is on the wall

dt1010
02/8/2018
13:00
spread has narrowed i think. 16.1p to buy. spread 16.00-16.44 on my screen.
technowiz
02/8/2018
12:43
Current market cap on the hlshares website showing at £41.65m.

So not £27m and not taking any account of the new shares!

What's the point of basing the market cap on the existing number of shares? Unless you think the fundraising isn't going to happen.

typo56
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