Share Name Share Symbol Market Type Share ISIN Share Description
Invista Euro. LSE:IERE London Ordinary Share LU0273211432 ORD EUR0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.30p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 22.7 -15.1 -5.7 - 0.78

Invista Euro. Share Discussion Threads

Showing 3326 to 3349 of 3350 messages
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DateSubjectAuthorDiscuss
01/1/2016
18:06
40% of Votes cast were against the Liquidation Invista European Real Estate Trust Result of EGM RNS Number : 3439K Invista European Real Estate Trust 29 December 2015 28 December 2015 INVISTA EUROPEAN REAL ESTATE TRUST SICAF Results of Extraordinary General Meeting To put the Company into liquidation and appoint the liquidator The Board of Invista European Real Estate Trust (the "Company") announces that the Resolutions resolving to put the Company into liquidation and to appoint Fund Solutions SCA as liquidator at the Company's Extraordinary General Meeting on 28 December 2015 have been duly passed. Details of the voting results are noted below and they will also shortly be published on the Company's website hxxp://www.ieret.eu and on Regulated Information (OAM) CSSF's website: www.bourse.lu. A breakdown of the proxy voting results is noted below: For Against Abstain --------------------- ----------- ----------- -------- Resolution 1. To put the Company into liquidation and dissolve it. 26,820,662 17,871,567 0 --------------------- ----------- ----------- -------- Resolution 2. To appoint Fund Solutions SCA as liquidator to the Company. 26,820,662 17,087,015 784,552 --------------------- ----------- ----------- -------- Enquiries: Tom Chandos Chairman, Invista European Real Estate Trust SICAF +44 20 7355 8800 This information is provided by RNS
rj allen
15/12/2015
16:25
If there are a few sou left over at the end, then they will accrue to the pref holders. Clearly zilch for ordinary shareholders. ================================================= 3. APPOINTMENT OF LIQUIDATOR AND LIQUIDATION Subject to Shareholder approval of the Resolutions, the Liquidator will be appointed as liquidator to the Company and their remuneration shall be determined by the Company. The appointment of the Liquidator will take effect immediately upon the passing of the Resolutions. Upon the appointment of the Liquidator, all powers of the Board will cease and the Liquidator will be responsible for the affairs of the Company until it is wound up. The Liquidator will wind up the Company in accordance with Luxembourg law, discharge the liabilities of the Company and, following satisfaction of all the creditors of the Company, will divide the surplus assets (if any) of the Company among the Shareholders according to their respective rights and interests in the Company. After the liquidation of the Company and the distribution of surplus assets (if any) to Shareholders, existing certificates in respect of the Shares will cease to be of value and any existing credit of the Shares in any stock account in CREST will be redundant. The Liquidator will establish a reserve of such amount as they consider appropriate to meet the Company's liabilities and estimated costs and expenses whilst in liquidation (the "Retention"). The Liquidator estimates that the Retention will amount to approximately EUR250,000. Any surplus funds remaining from the Retention after the Liquidator has settled all liabilities, costs and expenses, will be distributed to Shareholders at the conclusion of the liquidation. Payment will be made by cheque.
skyship
08/12/2015
21:44
Yesterday's rns...not sure i understood it entirely so will call upon others to elaborate! :-)
113mike
08/12/2015
21:29
Deltalo, what makes you think that we may get some money back? Has there been an announcement?
specuvestor
08/12/2015
20:25
Looks like we may get some money back afterall. It will be interesting to see how much is leftover. Could be loads or may be nothing who knows. Any money would be a bonus as ive cut my losses here and moved on.
deltalo
03/12/2015
08:56
This has now delisted - even though the EGM was postponed and the resolutions not voted on. Board clearly have no intention of continuing as a going concern.
hjfe
27/11/2015
12:25
What a complete and utter shambles - they can't even wind the company up!
hjfe
26/11/2015
11:23
EGM probably done and dusted in Luxy now - should get an RNS soon with outcome of the resolutions.
hjfe
24/11/2015
22:56
The value of the property portfolio as at 31 March 2007 was EUR 446m and consisted of 15 properties. The recent acquisition of a French portfolio valued at EUR 215m on 3 April 2007 plus outstanding conditional commitments valued at EUR 83m increased the value to EUR744m. A lot of money .....
barnetpeter
24/11/2015
22:56
The value of the property portfolio as at 31 March 2007 was EUR 446m and consisted of 15 properties. The recent acquisition of a French portfolio valued at EUR 215m on 3 April 2007 plus outstanding conditional commitments valued at EUR 83m increased the value to EUR744m. A lot of money .....
barnetpeter
21/11/2015
19:00
Yes, what was the history of this company? How much did it initially raise and then lose?
chinahere
21/11/2015
11:47
No more gambles for me, Loobrush!
asmodeus
19/11/2015
16:40
yes I agree...its a property company at a time of boom and they have lost everything. The lot. I dont see how that was possible myself. tens of millions..
barnetpeter
16/11/2015
14:40
specuvestor - its worth it as at least you stall/hinder the daylight robbery we've endured but its your choice
joe say
16/11/2015
14:33
Save your time and throw it in the bin. These are worthless regardless of what you do. Mine was binned last week.
sidjameslaugh
16/11/2015
13:59
Probably not - but it's good for the soul!
skinny
16/11/2015
13:56
Is it worth voting No? what are the advantages? I have a million shares split between Selftrade & TD Direct. I wrote this off months ago.
specuvestor
16/11/2015
12:31
I've voted No as well
joe say
16/11/2015
09:59
I've just lodged my vote through HL - deadline (with them) is noon Friday 20 November 2015.
skinny
16/11/2015
08:56
I've had to e-mail TD Direct Investing to get Proxy Form to vote on the EGM resolutions, although they have said I can do this by phone (which I will be doing shortly). It's a big fat "NO" from me for both resolutions - the Board has been too eager to wind this up without any value for shareholders IMO. Greater transparency needed before I will kiss goodbye to this.
hjfe
06/11/2015
14:55
The directors are incompetent and clueless and should be struck off. I would not be surprised to learn that these properties have been sold for a song.
red army
06/11/2015
14:20
Hey guysI guess by now you have all read the circular recording the demise of the company. I am sure you have realised that it seems very convenient that the assets realised just enough to cover the borrowing and to leave a nice healthy amount to pay the liquidator with ZERO left for the shareholders. The board claims to have done all it could to avoid this situation but refuses to provide any detailed information in support of what has gone on. I have no idea whether any sort of impropriety has occurred but have my suspicions and want some greater detail as to what has transpired. As such I will be voting against the resolution for voluntary liquidation and hope you all will too. As shareholders we cannot be in any worse position than we are in now by voting against the proposal and will either be satisfied that the directors acted properly or otherwise with a prolonged period of existence for the company.I am going to continue to seek answers as to what happened here and hope I can rely upon your support. MR
jerseymike
17/10/2015
15:34
Thanks Spec.
hjfe
17/10/2015
12:30
Got this from the Company: We have not yet announced the date of the EGM, as we are awaiting a Luxembourg regulatory approval in order to send out the circular and the resolutions. I hope that we will get this soon and be able to hold the meeting in November, with a good notice period being given. As IERET is a Luxembourg domiciled company, the meeting will be in Luxembourg. Invista European Real Estate Trust SICAF
specuvestor
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