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GNGL GN Group

2.125
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
GN Group LSE:GNGL London Ordinary Share KYG3R47H1052 ORD 0.5P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.125 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.125 GBX

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Date Time Title Posts
28/8/201809:51GN Group going to be the new GATE29

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Posted at 05/12/2016 10:25 by keya5000
PC rightly or wrongly this seems to have a very similar look to Gate Ventures when that first started.

The share register is nearly owned entirely by Chinese Investors.

The proposed business is a flaky play on wine exporting to the far East.

Look at GATE and how that performed, I have a feeling this may run a similar promotion.

I am not condoning such but if you cannot beat them join them!
Posted at 04/12/2016 14:24 by colin12345678
RE: Less than 0.01% in public hands
How can that be and have a listing?
Very excited about this share will move up massively on volume and I think the Mms have got some buying to do lol
Posted at 03/12/2016 21:15 by gimmetheloot
Well done for that!! Only those who understand GATE will understand this share!! The Saudi/ Chinese connection ;-)))

Looking forward to £4 - £5 per share :-)))))))
Posted at 03/12/2016 12:00 by colin12345678
Lead All Investments
Notice of GM, Proposed New Investing Policy
RNS Number : 2716L
Lead All Investments Limited
30 September 2016



30 September 2016



Lead All Investments Limited

("LEAL" or the "Company")



Proposed adoption of new investing policy, appointment of Director, change of Company name and notice convening a general meeting of the Company



Introduction

The Directors of the Company have been considering the direction and prospects of the Company and in particular whether its investing policy remains the most suitable in order to seek to generate returns for investors in the Company. The current investing policy of the Company, which focuses on multi-level marketing strategies, was adopted by the Company on its original admission to AIM in February 2012. Since that time, the Directors of the Company have investigated opportunities within the investing policy of the Company but have not concluded that any of those investigated were such that they could recommend to Shareholders that the Company make an investment. As a result, the investing policy of the Company has not been implemented in whole or in part.

Having considered the current investing policy, the fact that it has not to date been implemented and the prospects of it ever being implemented at all, the Directors have concluded that it is in the best interests of the Company and, accordingly, Shareholders as a whole if a new investing policy was adopted.

The purpose of this announcement is to explain the background to the proposal to adopt a new investing policy, to set out that proposed investing policy together with the reasons why your Board believes that the proposed new investing policy is in the best interests of the Company and its Shareholders. Connected with the new investing policy, it is also proposed that an additional non-executive Director with expertise relevant to the new investing policy join the board of Directors and that the Company also change its name to assist it with its proposed new commercial objectives.

The adoption of a new investing policy requires the approval of Shareholders in the Company in general meeting further details of which are set out below (General Meeting).

The New Investing Policy and Rational for Change

The Directors consider that it will be in the best interests of the Company that it seek to invest in the wine sector including the agricultural and production aspects of winemaking but also related and synergistic distribution activities and sectors, including traditional distribution related activities such as luxury food, fine dining, wine tasting events etc. and newly emerging distribution sectors or activities involving e-commerce and online marketing activities related to the same. The proposed investing policy is set out in full below in Part 2 of this announcement.

The Directors believe these sectors not only to be well established and stable or growing but also to be capable of providing opportunities enhanced by synergies that will be beneficial to the Company and Shareholders as a whole. With regard to the wine sector, in particular, according to The International Organisation of Vine and Wine, 2015 world wine production was estimated at 275.7 million hectoliters, a rise of 2 per cent. compared with the previous year. The Directors believe the luxury food and fine dining sectors to be both aligned with and complimentary to the wine sector and intend to explore opportunities to make investments in one or more of such sectors or to seek to grow an investment in one sector through synergies afforded by another sector. Further, the Directors consider it to be self-evident that e-commerce strategies that are well conceived and well executed can be materially beneficial to any investment to which it relates and the Directors intend to actively pursue such strategies.



Whilst the proposed investing policy is not restricted to any geographic area it is the case that the Directors have noted, in particular, research projections which estimate that hundreds of millions of Chinese are likely to join China's middle-class in the short and medium term. In this regard, it is projected that, by 2030, China's middle class by broad definition will amount to approximately 93 per cent. of China's urban population which would, over that period, amount to an increase of approximately 325 million people falling within China's urban middle class among a total urban middle class, by then, of 854 million people. Further, the Directors have noted that the household income level of the Chinese middle class population is predicted to reach Taiwan's current median household income level. It is also estimated that the rise of China's middle class will result in a rise by 2030 in its share of total consumption to around 50 per cent. of Chinese GDP from 36 per cent. in 2014. The Directors believe these factors will, in turn, drive significant gains in the consumption of consumer and luxury goods within the sectors of the proposed new investing policy.



The Directors consequently believe that the growth in the middle class of the Asian markets and other emerging markets will underpin the value proposition of luxury consumable goods such as wine or those related to the luxury food and fine dining sector as a result of which investments in this sector and associated industries offer an attractive opportunity to generate returns for investors in the Company. Notwithstanding the opportunity the Asian market and emerging markets present to the Company, the Directors remain open to investment opportunities in any geographic region and the investing policy allows for this.



The Directors are currently actively considering a number of opportunities within the scope of the proposed investing policy which, should the proposed investing policy be adopted, they will pursue with the intent of completing at least one investment as soon as commercially achievable.



New non-executive Director

Having due regard to the proposed new investing policy the Directors consider that further expertise among the Directors will be beneficial to the Company as a whole in executing the investing policy both in identifying suitable investments and in securing returns from any investments as made. The Directors have considered persons who may be suitable for the role and having done so are pleased to inform Shareholders that the appointment of Nathan Nicholas Lowry as a Director has been approved by the Directors.

Mr. Lowry, 44, has significant experience in the wine industry having set up and developed Pall Mall Fine Wines, a Wine Merchants & Wine Bar in The Royal Opera Arcade Pall Mall. He also owns Shepherd Market Wine House, Pavilion Wine and Traders Wine-St Katharine's Dock. He previously founded and owned the wellknown Marquee Club in London and has run in excess of ten bars and clubs. In deciding upon the new investing policy to propose to Shareholders, the existing Directors have taken into account the expertise and advice provided to them by Mr. Lowry.

Mr. Lowry has consented to and is proposed to serve as a non-executive Director under the terms of a letter of appointment dated 29 September 2016 between the Company and Mr. Lowry. Mr. Lowry's appointment is for an initial period of three years, terminable on three months' notice by either party, although Mr. Lowry has agreed to offer himself for re-election by the Shareholders at the next Annual General Meeting of the Company that follows the General Meeting. Mr. Lowry is to receive a fee of £25,000 per annum for his services.
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