Intercytex Share Discussion Threads

[joeblogg2] 23/12/2009 15:42

Hyper, there will be no assets left :(( It is necessary so that any monies can be collected and creditors paid....

[beginner3] 23/12/2009 15:41

RNS Number : 6686E
Intercytex Group plc
23 December 2009




23 December 2009


Intercytex Group plc - result of General Meeting


Intercytex Group plc (AIM: ICX) ("Intercytex") confirms that at the General Meeting held earlier today, all the Resolutions, set out in the circular sent to shareholders on 7 December 2009, were duly passed. Cancellation of admission to trading on AIM is therefore expected to occur at 7.00 a.m. on 8th January 2010. The Company's name will also be changed to Regenerative Medicine Assets Limited. In addition, as set out in the circular, Dr Paul Kemp and Dr Alan Suggett have resigned as directors of Intercytex, The Board wishes to thank both Alan and Paul for their contributions to the Company.


- Ends -


Enquiries


For more information, contact:


Intercytex Group plc



Nick Higgins, Chief Executive Officer


Tel: [phone]

Max Herrmann, Chief Financial Officer







Financial Dynamics



Jonathan Birt


Tel: [phone]





Piper Jaffray Ltd



Neil Mackison

[hyper al] 23/12/2009 15:40

joeblogg2

Strange that, as they (the directors) want he company to continue unlisted, so I assume at some point in the future they may get their hands on the assets.

[hyper al] 23/12/2009 15:38

but what about the votes?

[joeblogg2] 23/12/2009 15:36

Sorry guys, I am lost for words. I would be lucky to get even 1p of my £60k I have lost on this. :(( I and one pi went and the company in deep distress due to credit crunch and unable to take products forward. Money needed to wind the company down and lucky to see any return.:((

[hyper al] 23/12/2009 15:24

No news from the meeting yet!

Maybe they are lost for words.

[lundylou] 22/12/2009 20:48

Hyper Al
When I say 'sold', I've just given H-L carte blanche to get whatever they can.
I'll be really surprised to see any cash though!
I'll post on here if there is any news.

[hyper al] 22/12/2009 20:06

lundylou

What did you get for yours?

[lundylou] 22/12/2009 19:00

Hyper Al - Hargreaves Lansdown.

Sounds like they may bulk all together and somehow try to sell off to ???

How they can do this with no perceived normal market route is puzzling.

I've 'sold' mine !

[hyper al] 22/12/2009 11:29

Like maybe buy for 1p and sell for 2p, or whatever.

[hyper al] 22/12/2009 11:29

General Meeting tomorrow.

H-L ?

Maybe they are buying, on the assumption that these will resume trading, if the vote goes against the board tomorrow.

[nick of the north] 22/12/2009 11:19

Just had my letter from H-L saying I can sell before ICX is delisted from AIM. How can this be done and at what price?

[mary9740] 21/12/2009 22:23

You could sell (if anyone wants them) and still be out of pocket with your broker, so you might as well just forget them, put them in a draw and remind yourself every now and then Its a load of S... he who dares wins.

[philwill] 20/12/2009 10:02

how can you sell, the stock is suspended?

[lundylou] 19/12/2009 13:00

Not been following since the announcement , but have received letter from H&L.


'If you wish to sell your holding before the proposed listing cancellation you must do so before 4:30pm on 7th Jan 2009.The trade will be placed in accordance with our terms and conditions and subject to the standard Stockbrokers commission rates. You may complete the Sale Election Form below and return it to this office,contact our Dealers,or trade online.
Following the proposed cancellation of addmission, Intercytex Group Ordinary Shares will no longer be quoted on AIM. If you wish to maintain your holding you need take no action. Shareholders should note that following the cancellation you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell at any price.

Although it is expected that Shareholders will approve the cancellation of admission to AIM of Intercytex Group Shares there is no guarentee that this will occur. If you decide to dispose of your shares you do so at your own risk.

Please note that the shares of clients who return a sale form may be sold as a bulk trade, which will be placed as soon as possible after receipt and the proceeds distributed pro-rata after deduction of the brokerage fees. You should be aware that the effect of aggregation may on some occasions work to a client's disadvantage. Due to the normal market size of trades in this stock it may not be possible to sell tha shares at the quoted price and in some cases it might not be possible to trade ant any price before the proposed cancellation of admission.'

imo if there is anything to retrieve from this unsatisfactory situation, I will go for it.

[hyper al] 18/12/2009 22:13

"Further to my message yesterday, I can confirm that your voting instructions have been actioned."

So that's my vote in.

I hope this backlash hits them hard.

[joeblogg2] 18/12/2009 14:08

Guys, If I can I will go to as I have my Letter of holding. Lost over 60k and if anyone has questions please post. Certainly, I will ask what the hell they have done for shareholders except lose when when there was possibly some return!!!

[oralmex] 18/12/2009 14:06

philwill i only have them in a nominee account so what document do i take with me to be allowed to vote at the meeting?

[oralmex] 18/12/2009 11:21

all you who are saying you phoned your nominee broker to register your votes, anybody with HSDL? cause they told me, as i wasn't registered to receive voting forms, and the forms went out already, i am too late because it takes at least 7 working days for the registration to become active and then any further voting forms will be sent out automatically, but too late for this vote as it's on 23 dec

[maxmarilli] 17/12/2009 20:17

I voted against on both resolutions with td waterhouse.I have 480.000 shares....and lost £23.5k£.......barstards!they could have sold the whole when 7/9p were on table and not damage so much investors....i will remember the director`s name for sure!Luckily i`m making nearly all back in RRL,that should rise a lot by next monday....check it out!And watch NASA,monday`s results and update.Max.

[philwill] 16/12/2009 16:23

fair enough jotoha2....will base my reply to them on that...thanks