Niche Group Share Discussion Threads

[lochnessmonster] 27/9/2016 12:55

I believe we're going to take a bath here but so are the management. They've put in the funds to keep this thing going when many others would have allowed it go down the pipe. My understanding is there are deals on the table and now they are looking to raise funds to support these transactions. We'll know next month if we're gone or not so having waited years what's another few weeks. It's been a disaster Smithy and now it's a case of trying to get something back and I believe that's what management are trying to do. If they can't raise the cash then it's over. LNM

[yohoho] 27/9/2016 12:13

Smithy, how much have you invested in the company since suspension? I only ask because prior to that you could have chosen to sell your shares in the market and you appear very bitter.

[currypasty] 27/9/2016 08:29

TD Voting & Information Service: Update



As a subscriber to our free Voting & Information Service, we'll let you know each time there are new documents available for you to view online. This means you'll receive shareholder materials and have the opportunity to vote on decisions directly affecting your UK registered shareholdings.

[mobyrich] 27/9/2016 06:26

Voting info now received via TD Direct

[the_curmudgeon] 26/9/2016 11:08

Nothing from broker for me either

[tagsumo] 26/9/2016 10:31

like most on here i wrote this off a long time ago. had around 800,000 originals @3p ish so not my best investment.
i just wonder though, why, after all this time and name change and share consolidation, and now a proposed deferred share (if that is correct)why are they bothering to keep the it going. as it will be practically worthless what are they (directors etc) getting out of it ? i am sure they are still getting salaries so are they just sucking it dry ? or do they think they have something of value somewhere and if so where ?

just wondering ! or am i missing something !

ps. i have nothing from broker either

[fatfish] 26/9/2016 09:57

pelleeds198026 Sep '16 - 08:31 - 6712 of 6713

Were voting forms received via your broker? I'm with TD Direct

Me too but nothing in corporate actions

[t-raider] 26/9/2016 08:40

My holding is certificated (broker unloaded when delisted) and I've received no communication in recent weeks. "T"

[pelleeds1980] 26/9/2016 08:31

Were voting forms received via your broker? I'm with TD Direct

[fatfish] 26/9/2016 07:13

i have received no voting forms. so no idea whats going on

[westmoreland lad] 25/9/2016 23:30

Curm / T- raider

You should have received your voting forms last week.
Us northerners have voted for all resolutions be passed, whilst ums from south of Watford are still trying to work it out what the POXY vote is about :-) !!


Sent: Wednesday, September 21, 2016 9:32 AM
To: undisclosed-recipients:
Subject: URGENT Path Investments.(Niche Group)

Dear all

URGENT Path Investments.(Niche Group)
can you please confirm that you wish to vote for all resolutions

Can you let me know that we can go ahead and send this proxy back so that they can vote on our behalf?

[the_curmudgeon] 25/9/2016 21:58

any update?

[the_curmudgeon] 18/9/2016 00:10

Ok cheers Westy. Something doesn't add up here...

[westmoreland lad] 16/9/2016 22:46

Can't say Curm, in case I got info in advance of official notice by mistake.

I'm in touch with others here that got fek't over by Mc K big oil !

T-Raider
14 Sep '16 - 15:19 - 6704 of 6706

Yep T-R -- pretty much worthless. Licked my wounds and moved on moons ago.

[the_curmudgeon] 15/9/2016 11:43

Westy: something doesn't add up with this. In what context did you receive that letter?

[the_curmudgeon] 15/9/2016 11:29

Cheers Westy. What on earth is this????

[t-raider] 14/9/2016 15:19

So basically for every 400 shares you own in the old company, you will get 1 in the new...... Yeah that's pretty much a wipeout !Wouldn't be hopeful on any divi for the deferred shares as current assets are pretty worthless !!"T"

[westmoreland lad] 14/9/2016 13:02

Hi Curm -- from Christopher Theis via a contact of mine.

BACKGROUND TO AND REASONS FOR THE CAPITAL REORGANISATION
The existing ordinary shares of 40 pence each in the capital of the Company (the Existing Ordinary Shares) restrict the Company to issuing shares at a price of 40 pence per share or higher. The issue of new shares by a company incorporated in England and Wales at a price below their nominal value is prohibited by the Companies Act 2006 and so in order to optimise the Company’s ability to raise finance by the issue of equity at the time of listing and beyond, the Capital Reorganisation is recommended.
The proposed Capital Reorganisation comprises the subdivision of each of the Existing Ordinary Shares into one ordinary share of 0.1 pence each (the New Ordinary Shares) and one Deferred Share of 39.9 pence each (the Deferred Shares). At the General Meeting, a resolution will be proposed to HL comments: 31.08.2016
amend the Articles of Association of the Company (the Articles) to include the rights and restrictions that shall attach to the New Ordinary Shares and the Deferred Shares.
The newly created Deferred Shares will uniquely benefit from the distribution, by way of dividend, of any proceeds generated from the sale of current Company investments, held on the balance sheet as “Investments-Available for Sale” at the date of the General Meeting (the Legacy Assets). Such proceeds will not be distributed by way of dividend amongst new investors who will subscribe for New Ordinary Shares and who will not hold Deferred Shares.

[the_curmudgeon] 14/9/2016 12:27

sounds more like a recalibration of shares in the event of the company re-listing with some new assets no? Westy where did you see this?

[smithy156] 14/9/2016 11:25

Looks like finally being wiped out are we??

[westmoreland lad] 14/9/2016 10:56

Enclosed with this letter is a notice convening a general meeting of the Company to be held at XXX on XX September 2016 at XX a.m. (the General Meeting) for the purpose of considering and, if deemed fit, approving two resolutions relating to the Capital Reorganisation. Set out below is an explanation of the resolutions to be considered at the General Meeting. The resolution to sub-divide the Existing Ordinary Shares will be proposed as an ordinary resolution. This means that for the resolution to be passed, more than half of the votes cast must be in favour of the resolution. This resolution will be subject to the passing of Resolution 2 which will make the necessary changes to the Company’s Articles to create the New Ordinary Shares and the Deferred Shares. This Resolution will be proposed as a special resolution. This means that for the resolution to be passed, more than three-quarters of the votes cast must be in favour of the resolution.
Resolution 1 – an Ordinary Resolution – subdivision of the Existing Ordinary Shares
The Directors propose that the Existing Ordinary Shares should be subdivided into the New Ordinary Shares and the Deferred Shares. If Resolutions 1 and 2 are approved, the subdivision will occur on the date of the General Meeting.
Resolution 2 – a Special Resolution – amendment to the Articles to set out the rights and restrictions attached to the New Ordinary Shares and the Deferred Shares.

[the_curmudgeon] 12/9/2016 00:42

Great, thanks smithy