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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 : 7127M Handmade PLC 28 May 2010 Further re: Mandatory Cash Offer and Convertible Loan Note Offer made by Almorah Services Limited The Board notes the announcement made by Almorah on 24 May regarding its mandatory offer (the "Mandatory Offer") to acquire all the issued share capital (the "Shares") of Handmade and its offer for all of the outstanding convertible loan notes in Handmade (the "CLNs") (the "CLN Offer")(together the "Offers"). As noted in the Company's announcement of 14 May 2010, the Independent Directors took into account in providing their opinion on the Offers that the financial position of Handmade (as determined by the financial review it had undertaken) was such that the Company could have gone into administration if the financial support of Almorah had been withdrawn and the fact that, despite a number of discussions that had been conducted, no other sources of finance had been secured by the Company and no competing offer for the Company had been forthcoming. The Board notes the extension of the Offers to 4 June 2010 and Almorah's intention to seek a delisting of the Company's Shares from trading on AIM as soon as practicable. Also today the Board has received notification from Canaccord Genuity of its resignation as the Company's Nominated Adviser and Broker with immediate effect. Contact Details: HandMade PLC Simon Flamank Tel: 020 7518 8230 Almorah Services Limited Kirsten Morel Tel: 01534 734444 Email: Kirsten.morel@imageci.com London Bridge Capital Limited Nick Donaldson Tel: 0203 008 6802 Email: nick.donaldson@londonbridgecapital.com This information is provided by RNS The company news service from the London Stock Exchange END OUPKKFDDFBKKCPB
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