Imprint Share Discussion Threads

[apatel21] 08/4/2008 17:06

Does the sale to Premier still progress whilst HYDG take legal action? My guess would be yes as they are looking for damages rather thah trying to break the proposed marriage between Premier and IMP. Any thoughts?

[deswalker] 08/4/2008 15:15

Scheme doc ...

[deswalker] 08/4/2008 15:07

Agree Nick. HYDG now looking for damages essentially means that they accept they've lost and have given up.

HYDG, OPD & IMP management all end up with no credit at all.

Roll on my 115p and I can put this charade to bed.

[nickcduk] 08/4/2008 15:02

It does look like the end is finally nigh and HYDG have thrown in the towel. Not surprised they are miffed. They were probably strung along by the management and then given the bombshell that another party was interested at the very last minute.

The tragedy was extended by the scum at RAB trying to spoil the party by scrounging a few extra pennies. Looks like they will get their comeuppance though because they moved the offer into a scheme of arrangement and so they are unlikely to be able to block the deal now. In the meantime I am having to pay interest on my CFD position for an extra couple of months more than I would have had to. It is a horrible state of affairs and none of the parties come out with any credit at all.

[williebiz] 08/4/2008 14:54

Hydrogen threatened legal action

In relation to the Acquisition, lawyers representing Hydrogen have written to
the Company's lawyers alleging (i) breaches by the Company of the implementation
agreement and inducement fee agreement between the Company and Hydrogen dated 20
December 2007 and (ii) breaches of the irrevocable undertakings in favour of the
Hydrogen Offer given by the Directors of Imprint, and have indicated that
Hydrogen will be seeking substantial damages.

The Company and the Directors of Imprint deny the allegations and will resist
any such claim that is brought. The Directors of Imprint continue to promote the
interests of the Company and to seek the best result for Imprint Shareholders as
they have throughout the offer process and view the allegations by Hydrogen as
unwarranted and regrettable."

[deswalker] 08/4/2008 14:52

More fun and games ...

[davidosh] 08/4/2008 13:04

The scheme of arrangement will need an EGM but of course we have had two adjourned already. The annual report with fully audited info has to be out by the end of June and an AGM scheduled to accept the figures.

Surely we could simply attend the EGM and ask lots of questions. The advisors would be jumping up and down but 'order,order' would be the loudest cry !!

[evilblues] 08/4/2008 12:56

Does anyone have any idea as to deadlines regarding this tangled web?

[apatel21] 08/4/2008 12:32

HYDG look like they've given up to me.

I'm not sure. They may be stalling a final knock out blow till the 11th hour so as to give Premier less time to respond. I feel they may have something in reserve. They certainly valued IMP originally (be it based on their own higher share price) @ 125p. They have not had to increase their offer of a 110p during the battle with OPD but have just raised the cash component. I feel having chased for so long they would'nt want to give it up so easily.

As i say it would need to be a knock out blow so something like 135p (shares) or a cash alternative of 125p. I think they would need some holders to take shares to be able to offer more cash hence having to offer a lot more to those taking shares IMO.

[deswalker] 08/4/2008 10:39

Premier should be posting docs today. HYDG look like they've given up to me.

[apatel21] 08/4/2008 10:31

AGM anyone ??

Oh yes please... but i don't think we will get one as JG knows he will probably get lynched by the PI's that he has sold out cheaply.

[davidosh] 08/4/2008 00:41

AGM anyone ??

It was on 19th April last year....I think a few answers from the board would be very useful.

Anyone received an annual report yet ?

[williebiz] 07/4/2008 17:03

I would say it's safer to assume Premier probably haven't lost it whereas the others probably have unless they engage synapses

[evilblues] 07/4/2008 17:01

Been away for awhile.Are we to assume premier have it?if so any ideas on completion?
Thanks in advance.

[williebiz] 07/4/2008 07:38

Michael Page still going strong Q1

[steveford77] 02/4/2008 17:04

All very quiet. The price down to 108.5 now even though 115p on the table. Presuming that there will be no more bids then presumably Premier are committed to this offer? In other words whats the downside risk here?

[gengulphus] 31/3/2008 12:40

I suspect they mean that they had assumed that a 2.6p dividend was going to be announced, and are now undoing that assumption because the recent results said that no dividend is going to be paid (unless all the current bids fail, in which case they'll reconsider).

It's certainly not the case that a dividend was announced and then withdrawn.

Gengulphus

[tiswas] 31/3/2008 11:01

IG have reduced the price of my IMP holding by 2.6p on Thursday (I was on a short holiday) and when I called this morning they said the adjustment was in respect of a 2.6p dividend that they had factored in to the price but which is now not going to be paid.

With all the goings on I have missed this. Is this right, anyone else with IG have the same done to them?

Thanks

[gengulphus] 28/3/2008 09:26

The results are "Preliminary results", which I think generally indicates that there is more to come in the annual report, and the last entry in is the interim report, so I think the annual report is still to be produced.

Looking at last year's annual report, they use the common technique among smaller companies of putting the AGM notice at its end, so I don't think there's been an AGM notice yet either. Furthermore, indicates the AGM as "TBC".

Gengulphus

[davidosh] 27/3/2008 19:04

Out of interest and because I am keen to spend a few hours in a room with our beloved directors.....As we have had the 2007 results now can anyone confirm if we are entitled to an AGM ??

We may be able to get some answers to some awkward questions...you know the sort of things that owners ought to know about their company and how we ended up with a takeover situation that has lasted just short of a whole year !!!

Has an annual report been printed ?

[deswalker] 27/3/2008 16:56

Thks Gengulphus. Hopefully the deadline still holds if they switch to a SoA as requested by management so we should get something by Tuesday ? What a fiasco this whole business has been.

[gengulphus] 27/3/2008 15:59

I think so, yes, and unless I've missed something, that deadline is 28 days from the March 4th announcement, i.e. April 1st, which is next Tuesday.

I hope that date isn't a hint about what's coming! ;-)

Gengulphus

[deswalker] 27/3/2008 13:28

I'm losing the will to live here. Is the next enforced date the deadline for the posting of the Premier documents ?

[jeffian] 27/3/2008 09:31

williebiz,

They may not be able to delist it, but they still run/control it. The question was, how do you break the deadlock here and bring this saga to some sort of conclusion? Unless one of the bidders adopts a rather more pragmatic approach, the answer is, you don't.

Regards, Ian