Evolve Capital Share Discussion Threads

[warpedone] 23/1/2013 10:38

perhaps acquisitor = Kimono!

[topinfo] 23/1/2013 10:19

Thats what you call timing m8, well done.

acquisitor
23 Jan'13 - 09:17 - 155 of 156 0 0

Just bought another million. What the hell!

[warpedone] 23/1/2013 09:44

Great timing there acquisitor, do you know something we don't?! ;-)

RNS Number : 1871W

Evolve Capital PLC

23 January 2013

Evolve Capital plc

("Evolve" or the "Company")

Statement regarding share price movement

The Board of Evolve has noted the recent movement in the Company's share price and confirms that it has received an approach from Kimono Investment Holdings Limited and Mrs Susan Vandyk which may or may not lead to an offer for the Company. There can be no certainty that an offer will ultimately be made nor as to the terms of any offer. Kimono Investment Holdings and Mrs Susan Vandyk have indicated that should an offer be made it will not exceed 0.35p per ordinary share of 1 pence each in the Company.

Evolve notes that in accordance with Rule 2.6(a) of the Takeover Code, Kimono Investment Holdings Limited and Mrs Susan Vandyk will have until 5.00pm on 20 February 2013 (or such later time and/or date as may be agreed by the Takeover Panel) to announce either a firm intention to make an offer for Evolve or that they do not intend to make an offer.

A further announcement will be made when appropriate.

In accordance with Rule 2.10 of the Takeover Code, Evolve confirms that as at the close of business on 22 January 2013, its issued share capital consisted of 304,919,553 ordinary shares of 1 pence each. The International Securities Identification Number for Evolve's ordinary shares of 1 pence each is GB00B29WXB29.

A copy of this announcement will be available on the website of the Company at www.evolvecapital.com

Contacts:


Evolve Capital plc
Oliver Vaughan 020 7937 4445
--------------

Allenby Capital Limited (Nominated adviser
and broker)
--------------
Nick Naylor/Nick Athanas 020 3328 5656
--------------

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on [phone] if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[acquisitor] 23/1/2013 09:17

Just bought another million. What the hell!

[tomboyb] 08/1/2013 20:33

I'm afraid - this is another case study -

Remember ASTR - if shareholders has not insisted on getting some money back i doubt we would of received anything! Instead shareholder could of opted for 2p a share - which i did do.!

EVOL - the waste of money here is really not believable and to say we wish to remove shares of of AIM basically = = screw shareholders.


"Suddenly they are thinking about preserving shareholder funds. - (their veiled threats don't impress either) They are making themselves look ridiculous."

BROKERS DON'T HELP EITHER -

[lr4850] 08/1/2013 20:09

Suddenly they are thinking about preserving shareholder funds. - (their veiled threats don't impress either) They are making themselves look ridiculous. I can only hope there are some heavy hitting punch packing inst investors to give them a good cross examination,

acquisitor, do you have enough shares to pack a punch?

[acquisitor] 08/1/2013 10:25

Absolutely right. The impact of this is much greater than it appears, as genuine companies are struggling to raise equity finance as a result of the not-so-genuine ones.

[markt] 07/1/2013 15:13

"acquisitor 20 Dec'12 - 23:03 - 144 of 149 0 0

This is a great case study for small investors (and regulators) on illiquid markets like AIM. I have just been watching a similar demise at Merchant House Group"

I was lucky at Merchant Hs.....had a punt and decided to get out about level when the honesty of the directors looked doubtful.....small finance companies....very dangerous area imo in the dodgy London markets...
..and even when such a co. does well, often the dirs. give themselves a massive bonus and little to shareholders...and when does badly, well the share price falls....heads you lose, tails they win !

[warpedone] 07/1/2013 13:46

RNS Number : 9740U

Evolve Capital PLC

07 January 2013

Evolve Capital plc ("Evolve" or the "Company")

Update on the proposed disposal of the business of St Helens Capital Partners LLP

and

proposed cancellation of admission to trading of the Company's ordinary shares on AIM

On 19 December 2012 the Company announced proposals, subject to the approval of its shareholders at a general meeting convened for 8 January 2013 (the "General Meeting"), to:

i) approve the transfer by St Helens Capital Partners LLP, the Company's wholly owned ISDX advisory business ("St Helens"), of its business to Peterhouse Corporate Finance Limited ("Peterhouse") (the "Disposal"); and

ii) cancel the admission of the ordinary shares of 0.1p each in the capital of the Company (the "Ordinary Shares") to trading on AIM, a market operated by the London Stock Exchange plc ("AIM") (the "Delisting").

The Company sent a circular to its shareholders on 19 December 2012 (the "Circular") setting out further details of the Disposal and the Delisting and the implications for shareholders of the Company. The Circular also contained a notice of the General Meeting, convened for 11.00 am at the offices of the Company's solicitors, Marriott Harrison, Staple Court, 11 Staple Inn Buildings, London WC1V 7QH on 8 January 2013 at which the approval for the Disposal and the Delisting is being sought. The Circular contained a recommendation from the Board for shareholders to vote in favour of the Disposal and the Delisting.

The Board has recently been made aware that a number of shareholders wish to have an opportunity to meet with the Board to discuss the proposed arrangements for the provision of information to shareholders, share trading, corporate governance and shareholder protections in general, that would be put in place following the Delisting prior to giving consideration to Resolution 2, the special resolution being proposed at the General Meeting to approve the proposed delisting.

The Board is sympathetic to the views that have been expressed and in order to facilitate such discussions it has been agreed that the General Meeting will take place as scheduled but that following the consideration of Resolution 1, the ordinary resolution to approve the Disposal, the General Meeting will be adjourned for a period of 21 days.

The adjourned meeting will be held on 29 January 2013 at 11.00 am at the offices of Marriott Harrison, Staple Court, 11 Staple Inn Buildings, London WC1V 7QH. Proxy votes that have been cast on Resolution 2 will remain valid. The deadline for submitting proxies or for changing proxies that have already been submitted in relation to Resolution 2 will be 24 hours before the date of the adjourned meeting.

For further enquiries please contact:

Evolve Capital plc:
Oliver Vaughan 020 7937 4445

Allenby Capital Limited (Nominated adviser and broker):
Nick Naylor or Nick Athanas 020 3328 5656

This information is provided by RNS

The company news service from the London Stock Exchange

END

[lr4850] 04/1/2013 13:27

Good luck; although they do seem to be burning through the cash pretty quickly for a company that does nothing.

[acquisitor] 03/1/2013 18:32

I bought a few shares yesterday. Might have been a crazy thing to do, but by my estimation, I was buying at one-fifth of NAV.

[lr4850] 03/1/2013 17:57

He helped in the companies demise.

[warpedone] 03/1/2013 14:31

@ lr4850 - Vandyk is nothing to do with Evolve any more, hasn't been for a while. If you want someone to blame look to Oliver Vaughan.

[acquisitor] 20/12/2012 23:03

This is a great case study for small investors (and regulators) on illiquid markets like AIM. I have just been watching a similar demise at Merchant House Group - what a story! I think these stocks should carry a major health/wealth warning. The share will disappear and shareholders will have no recourse. Shameful.

[acquisitor] 19/12/2012 16:09

Well, that's it - RIP Evolve.

[lr4850] 19/12/2012 14:09

Was that post made before or after the big drop? The insiders know something that we do not.

[targatarga] 19/12/2012 12:09

If i had some spare cash i'd buy a few.

[acquisitor] 18/12/2012 10:16

3DR up again. Directors bought a chunk recently. We are nearly back at the level that they were valued at at Evolve's last accounts. Interesting.

[lr4850] 17/12/2012 15:56

Definitely no champers and possibly a very long wait for/if any possible returns here for me .

[acquisitor] 17/12/2012 11:22

I would take the Champagne back to the shop. The share price is still a lot lower than it was at the last balance sheet date, so we are sitting on a slightly smaller loss!

[targatarga] 14/12/2012 16:39

Presuming oliver hasn't sold the 79million shares since june 30th were looking slightly healthier. imho

[lr4850] 14/12/2012 16:11

Please have a look over on the board for the 3DR share price action in the last few days. Has someone worked out where EVOL stand in relation to their holding? I would appreciate some information as to what happened to Evolves former 3DD holding which was considerable.

[lr4850] 29/10/2012 12:54

Some share price action today over on 3DD. May have a knock on effect here? :-)