We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Handmade | LSE:HMF | London | Ordinary Share | GB0006508476 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHMF RNS Number : 1507N Almorah Services Limited 07 June 2010 Headline: acceptance levels and offers closed Almorah Services Limited 7 June 2010 ? NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE USA OR ANY OTHER RESTRICTED JURISDICTION FOR IMMEDIATE RELEASE 7 June 2010 MANDATORY CASH OFFER by ALMORAH SERVICES LIMITED for the entire issued and to be issued share capital of HANDMADE plc and Convertible Loan Note Offer Offers closed Levels of acceptance Words not defined in this announcement have the same meaning as in the offer document dated 30 April 2010 (the "Offer Document"). Offers closed On 29 April 2010, Almorah made a Mandatory Offer for the entire issued and to be issued share capital of Handmade other than the 92,459,015 Shares acquired on 29 April 2010 by Almorah (representing approximately 39.68 per cent. of the issued ordinary share capital of Handmade) at 1 pence per Share in cash. As announced on 29 April 2010, the acceptance condition set out in Part A of Appendix I to the Offer Document was satisfied upon the posting of the Offer Document and the Mandatory Offer became unconditional upon the occurrence of this event. On 14 May 2010, the Independent Directors of Handmade (namely, Robert Benton, Antony Fraser, Simon Flamank, John Howkins and Nicholas Simunek) recommended that Shareholders accept the Mandatory Offer. On 24 May 2010, Almorah announced that the Mandatory Offer was wholly unconditional and recommended. Almorah further confirmed that Handmade would apply to the London Stock Exchange for the cancellation of the admission to trading of the Shares on AIM and that Handmade would be re-registered as a private limited company shortly thereafter. Almorah today announces that its Offers have now closed. As set out in the Offer Document, Almorah now intends to proceed to acquire compulsorily the outstanding Shares pursuant to provisions of sections 979 to 991 (inclusive) of the Companies Act 2006. Mandatory Offer: level of acceptances As at 1.00 p.m. (London time) on 4 June 2010 (being the second closing date of the Offer), Almorah had received valid acceptances in respect of 95,172,730 Shares, representing 40.84 per cent. of the issued share capital of Handmade. As previously announced, since 29 April 2010 Almorah has acquired a further 33,312,580 Shares, representing approximately 14.29 per cent. of the issued share capital of Handmade. Accordingly, as at 1.00 p.m. (London time) on 4 June 2010, the aggregate number of Shares in relation to which Almorah has either (i) acquired or (ii) received valid acceptances of the Mandatory Offer was 220,944,325 Shares, representing in aggregate 94.83 per cent. of the issued share capital of Handmade. CLN Offer: level of acceptances As at 1.00 p.m. (London time) on 4 June 2010 (being the second closing date of the Offer), Almorah had received valid acceptances as set out below: (i) in respect of GBP3,300,000 in aggregate nominal value of the CLN, representing 32.35 per cent. of the outstanding CLN; these acceptances, which were made under the irrevocable commitments to accept the CLN Offer described in the Offer Document, were in respect of Option 2 of the CLN Offer; and (ii) in respect of GBP250,000 in aggregate nominal value of the CLN, representing 2.45 per cent. of the outstanding CLN; this acceptance was in respect of Option 1 of the CLN Offer. As previously announced, since 29 April 2010 Almorah has acquired at the CLN Offer Price a further GBP6,400,000 in aggregate nominal value of the CLN, representing 62.75 per cent. of the outstanding CLN. Accordingly, as at 1.00 p.m. (London time) on 4 June 2010, the aggregate nominal value of CLN which Almorah has either acquired or in respect of which it has received valid acceptances of the CLN Offer was GBP9,950,000 in aggregate nominal value of CLN , representing in aggregate 97.55 per cent. of the outstanding CLN. Settlement of consideration Settlement of any outstanding consideration due under the Offers will be made as set out in the Offer Document. The settlement procedure will comply with the rules of the City Code. Enquiries: London Bridge Capital 020 3008 6809 Nick Donaldson London Bridge Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Almorah and no one else in connection with the matters described in this announcement and is not advising any other person and accordingly will not be responsible to any person other than Almorah for providing the protections afforded to clients of London Bridge Capital Limited or for providing advice in relation to the matters described in this announcement. The contents of this announcement, which has been prepared by and is the sole responsibility of Almorah, have been approved by London Bridge Capital Limited solely for the purposes of section 21 of the Financial Services and Markets Act 2000. The Directors of Almorah accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors of Almorah (who have taken all reasonable care to ensure that such is the case), the information contained herein is in accordance with the facts and does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange END OUPUGUGGQUPUUQM
1 Year Handmade Chart |
1 Month Handmade Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions