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Empyrean Share Discussion Threads
Showing 272501 to 272522 of 272525 messages
|SIA have done it a few times.... here's one of the examples
|Toon. That curry was not the best! Great diet. I reckon I lost half a stone that day!!|
|Maybe the threat of voluntary winding up needs to be put to him before AGM. Tbh with Eagle a further 1p available for distribution looks more favourable by the day!|
|So around 6 weeks from issuing circular with details to payment. Circular should be issued by middle of next week to tag EGM onto AGM for shareholder approval with payment in Mid October. Surely even TK can't string this one out past AGM!|
Thanks. Useful to have an example. Like most, I would much prefer a capital distribution!
|Bezant did the same procedure a couple of years back, we just got the cash credited to account, and reconciled the tax situation when/if sold the shares
Bezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines and Argentina, announces that at a hearing held earlier today, the Companies Court of the Chancery Division of the High Courts of Justice approved the reduction of capital of the Company (the "Capital Reduction"), details of which were contained in the circular to shareholders dated 19 April 2013 (the "Circular").
The Capital Reduction is expected to become effective tomorrow, 23 May 2013, in order to effect the return of capital to Shareholders, other than in respect of any of the 17,945,922 Shares which were transferred by Gold Fields on or around 22 March 2013 to Vidacos Nominees Limited, as set out in the Circular.
The dispatch of cheques and crediting of CREST accounts in respect of the return of capital, as described in the Circular, is expected to take place on or around 30 May 2013.|
|Looks favourable especially if the 3 options are available to shareholders.|
I found this link through Google...
Is this what you had in mind?
Note the last paragraph:
"To implement a B Share Scheme, a company must prepare and send a circular to its shareholders seeking authority to create and issue the B Shares. The relevant authorities are usually obtained at a general meeting convened usually some 14 clear days after the posting of the circular."
|I don't hold these, but to distribute the sale proceeds, and to alleviate the tax burden they could introduce a 'B' share?|
|blueblood, I think that is how it will work. Capital gain will be the capital distribution plus gains made when the shares are eventually sold. CC...February distribution........ the last RNS said funds returned ASAP! TK will have a very difficult AGM if funds not returned shortly thereafter.
I think because of the percentage of the capital distribution verses the remaining value of the company, this will not be treated as a dividend. I'm sure our buyer/buyers buying lumps over 8p recently would not be doing so if it was an income which would be taxed if done via dividend. I'm sure this would not suit TK either as well as our 2 large shareholders especially. Quite a few, me included are only making very modest capital gains assuming 10.5-11p is returned.
I'm sure TK will want this voted on at an EGM the same time as the AGM so I'm expecting something this week confirming all the detail as he has 2 weeks notice to give. Latest would therefore be next Tuesday 7am.
|A million working capital, another million or so to cover seismic and new licences and a couple more for a drill. I'm sure as ever this has the capacity to disappoint when the cash is finally dished out. Prepare for the final rogering...|
|Share premium account reduced to create realised profit that can then be used for distribution to shareholders. Share buyback or return of capital payment most likely imho.Return of capital has no immediate tax due but reduces cost of original investment and can generate cgt bills once investment is disposed of. Not an expert and not sure what happens if return of capital is greater than investment as assume this cannot be reduced below zero! ie bought shares at 6p and 8p distribution as return of capital means original investment is -2p! Not sure if this is used to calculate profit of 2p per share plus any future proceeds from selling shares later.|
|I reckon february|
|Perhaps somebody could shed some light on how the Sugarloaf sale gain can be distributed as capital as opposed to a special dividend.
Could the mechanism be a share buy-back? From my limited reading through the web, it would seem that HMRC imposes strict rules that might not be obtainable to EME. Basically, HMRC wants distributions to be through dividends, ie treated as income.
|I'm sure he knows how to do it and will be announced soon. It's just bloody Kelly|
i like trees
|What on earth could be better than a capital distribution? I'm not having a go at anybody here by the way.|
|Is there anything we don't need to pay for specialist advice for? I'm sure some shareholders could provide him with free advice.....|
You right,,, thanks,,, too fast and not checking.
8.3p,,, and more follows,,
serious man after more shares,|
|tom. you are 1p out but get your point|
|you peeps start to believe my 8.5p now,,,
Some wise head had more at about 14.40,,,
75000 buy 7.30,,
100,000 buy 7.30,,
150000 buy 7.30,,|
|all systems go!|
|Receipt of escrow payment.