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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pan European Terminals | PAN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.00 | 22.00 |
| Top Posts |
|---|
Posted at 29/4/2014 13:23 by oli12 from www.belphar.comBelphar is a newly established limited liability company, incorporated in the BVI for the purpose of acquiring a 29.9 per cent. stake in Pan European Terminals Plc ("Pan"), with a view to making a possible offer for the entire issued and to be issued share capital of Pan, at 22 pence per Pan share. Belphar was founded by Khofiz Shakhidi, who is the sole director and owner of the company. They can change this to 18p soon - am I right in thinking Belphar can request a further general meeting be convened to obtain approvals to enable conversion of the outstanding CLNs, at any time before scheduled redemption... when is 6 months up... June? |
Posted at 26/2/2014 06:52 by pantastic Westhouse issued a brief note yesterday: -PAN EUROPEAN TERMINALS* Under Review PAN.L / 16.50p / 17.54m Operational update Today's operational update from Pan European Terminals is reassuring in that the company is trading in line with management's expectations and the group has confirmed that it continues to assess new opportunities, though none have been concluded recently. Further capacity expansion of 10% is planned for Baltic Top from the end of Q1 2013 that is to be funded via existing cash reserves, having recently experienced a c.10% capacity increase to over 12,000 MT. Further expansion to facilitate receiving marine gas oil from sea going vessels and bunker barges is also outlined in today's release. PBI has continued to trade at maximum capacity since September 2013 and is exploring new tanking projects. Dan Balt is reported as operating well and the evidence of the impact of its expansion programme should become evident from Q2 this year. Most significantly is that the company has received an offer for it to purchase the 50% interest in Rosbunker that it does not currently own. Any transaction is likely to involve a third party and, therefore, the company does not foresee the need for additional financing should a transaction be concluded. Our forecasts remain under review and, therefore, we do not have a target price and recommendation for Pan European Terminals. |
Posted at 25/2/2014 16:45 by loobrush THIS IS A BETTER WRITE UPOil & Gas Sector: Pan European Terminals up as unit increases capacity By StockMarketWire | Tue, 25th February 2014 - 16:11 Pan European Terminals (LON:PAN) was one of the sector's bigget risers after it reported that Baltic Top, its 100%-owned subsidiary, had recently increased capacity by about 10%, through an extension to its storage facilities to over 12,000 metric tonnes. The new tanks, which are arranged horizontally, are able to carry all products required by the local market, including additives, which now allows the Company to blend products specifically required by certain customers. A further 10% capacity increase is planned, through the installation of new vertical tanks, for general storage. These will be installed once the weather improves later in the first quarter. Both projects will be financed out of Baltic Top's cash reserves. In December 2013, Baltic Top saw over 18,000 MTs of throughput, its second highest monthly rate since 2010. Pan European also intends to install a 350-metre, 8-inch pipeline allowing access to the waterside jetties in conjunction with the neighbouring shipyard. The pipeline has reversible flow capabilities and will allow Baltic Top, for the first time, to receive Marine Gas Oil by sea and also bunker barges and sea-going vessels from the government owned shipyard adjacent to the Baltic Top property. This crucial improvement is a major development for Baltic Top and, together with the increase in storage capacity and blending facilities, provides the board with high expectations for the continued growth and success of its 100% owned asset. In the Netherlands, Petro Bunker International, a 100%-owned facility that leases storage tanks in Rotterdam, has been trading at maximum capacity since last September. The Company is in discussions over new tanking projects and will update the market when these have been concluded. Dan Balt, at Aabenraa in Denmark, continues to operate well, although the programme to expand its product range and increase profit per ton is still in its early stages. The Board is confident that by Q2 2014 it will be able to report the results of this exciting new programme to shareholders. Dan Balt is a large ongoing project for the Company and shareholders are reminded that this is a long-term development plan, the results of which are expected to have a positive impact on cash generation for years to come. It is essential that Dan Balt's client base is nurtured so as to allow the terminal to service a variety of clients and products. Pan European also said it has received an offer from its partners in Rosbunker, for the Company to acquire the remaining 50% of the asset. The Board is considering this offer and will update shareholders as and when a binding contract has been agreed. Until this time, the asset will remain frozen under a legal order. Should this transaction progress to conclusion, the Pan European would expect to involve a local third party through back-to-back sale and purchase agreements, and at this time, the Company does not foresee the need for additional financing and/or financial support secured on assets outside of Rosbunker or in the form of equity, in order to complete the acquisition. |
Posted at 25/2/2014 07:02 by oli12 Pan European Terminals PLC("PAN" or the "Company") Operational Update Pan European Terminals (AIM: PAN), which provides transhipment and storage facilities into Europe and Russia for the hydro-carbon industry, is pleased to provide an operational update to shareholders. Baltic Top At Baltic Top, its 100% owned subsidiary, the Company has recently increased capacity by approximately 10%, through an extension to its storage facilities to over 12,000 metric tonnes (MT). The new tanks, which are arranged horizontally, are able to carry all products required by the local market, including additives, which now allows the Company to blend products specifically required by certain customers. A further 10% capacity increase is planned, through the installation of new vertical tanks, for general storage. These will be installed once the weather improves later in the first quarter. Both projects will be financed out of Baltic Top's cash reserves. In December 2013, Baltic Top saw over 18,000 MTs of throughput, its second highest monthly rate since 2010. Further, the Company intends to install a 350 metre, 8 inch pipeline allowing access to the waterside jetties in conjunction with the neighbouring shipyard. The pipeline has reversible flow capabilities and will allow Baltic Top, for the first time, to receive Marine Gas Oil by sea and also bunker barges and sea-going vessels from the government owned shipyard adjacent to the Baltic Top property. This crucial improvement is a major development for Baltic Top and, together with the increase in storage capacity and blending facilities, provides the board with high expectations for the continued growth and success of its 100% owned asset. For further information on these new developments, please visit: www.peterminals.com Petro Bunker International (PBI) In the Netherlands, PBI, the Company's 100% owned facility which leases storage tanks in Rotterdam, has been trading at maximum capacity since last September. The Company is in discussions over new tanking projects and will update the market when these have been concluded. Dan Balt Dan Balt, at Aabenraa in Denmark, continues to operate well, although the programme to expand its product range and increase profit per ton is still in its early stages. The Board is confident that by Q2 2014 it will be able to report the results of this exciting new programme to shareholders. Dan Balt is a large ongoing project for the Company and shareholders are reminded that this is a long-term development plan, the results of which are expected to have a positive impact on cash generation for years to come. It is essential that Dan Balt's client base is nurtured so as to allow the terminal to service a variety of clients and products. Rosbunker The Company announces that it has received an offer from its partners in Rosbunker, for the Company to acquire the remaining 50% of the asset. The Board is considering this offer and will update shareholders as and when a binding contract has been agreed. Until this time, the asset will remain frozen under a legal order. The amount of time and effort that the Company has put into resolving the issues at Rosbunker cannot be underestimated, however the Board remains conscious of the political and geographical risks involved in such a location as Rosbunker and it is taking steps to mitigate these to the extent possible. Whilst this can extend the time to complete any transaction, it is an essential part of the process after the historical problems. Should this transaction progress to conclusion, the Company would expect to involve a local third party through back-to-back sale and purchase agreements, and at this time, the Company does not foresee the need for additional financing and/or financial support secured on assets outside of Rosbunker or in the form of equity, in order to complete the acquisition. New Opportunities The Company continues to look at new opportunities and projects in Europe and elsewhere, but as yet has not concluded any binding agreements, although it is currently in advanced discussions on one project. The Company continues to trade in-line with management's expectations and will provide a further update to shareholders at a later date. -ends- |
Posted at 22/10/2013 07:07 by oli12 Possible Offer Update: Purchase of shares, warrants and convertible loan notes in Pan European Terminals PLC ("Pan" or the "Company")Belphar Ltd ("Belphar") is delighted to announce that it has today unconditionally agreed to acquire 16,870,505 Pan ordinary shares ("Ordinary Shares"), representing 15.9% of the Company's issued share capital, from Hurley Investment Holdings Limited ("Hurley"). Accordingly, Belphar now holds, or has unconditionally agreed to acquire, Ordinary Shares representing 29.9% of the issued share capital of Pan. Belphar has also obtained a non-binding letter of intent ("LOI") from Hurley, to accept any offer made by Belphar at 22.0 pence per Pan Ordinary Share or higher, over Hurley's remaining 5,032,863 holding of Pan Ordinary Shares (the "LOI Shares"), representing a further 4.7% of the issued share capital of Pan. In addition, Belphar has, today, unconditionally agreed to acquire all secured Convertible Loan Notes issued by Dan-Balt Terminals Limited (a wholly-owned subsidiary of Pan) ("CLNs") to Hepworth Technologies SA ("Hepworth") and Hurley. These CLNs are convertible into Pan Ordinary Shares and, if converted, would convert (in aggregate) into 40,227,272 Ordinary Shares. Furthermore, Belphar has today unconditionally agreed to acquire warrants over 408,163 Pan Ordinary Shares from Hepworth, which have a redemption price of 24.5 pence per warrant (the "Warrants"). When combined with the Ordinary Shares that Belphar currently holds, or has unconditionally agreed to acquire, Belphar would, on conversion of the CLNs, hold 72,018,479 Ordinary Shares, representing 49.1% of the issued share capital of the Company as enlarged by the conversion of the CLNs. In the event that the above holding of 49.1% was combined with the exercise of the Warrants, Belphar would hold 72,426,642 Ordinary Shares, representing 49.3% of the fully diluted share capital of the Company, following both conversion of the CLNs and exercise of the Warrants. Belphar can confirm that its current intention is to vote its 29.9% shareholding in favour of the two resolutions, which are being proposed and recommended by the board of Pan (the "Board"), at the Pan general meeting (the "General Meeting"), to be held on 1 November 2013, with regard to the authority to allot Ordinary Shares and disapply pre-emption rights in connection with the right of conversion relating to the £8.5 million CLNs issued to Hepworth on 19 November 2012. Further announcements will be made as and when appropriate. |
Posted at 21/10/2013 18:36 by oli12 Is it April the first? I guess the possibly of 22p is a start......Belphar Ltd ("Belphar") Statement re Possible Offer for Pan European Terminals PLC ("Pan" or the "Company") Belphar Ltd ("Belphar"), a BVI limited company (wholly owned by Khofiz Shakhidi, an international businessman, private equity investor and financier) confirms that it is considering a possible all cash offer (the "Possible Offer") for the Company's entire issued and to be issued share capital at a price of 22.0 pence per Pan ordinary share ("Ordinary Share"). As previously disclosed, Topsfield Finance Limited ("Topsfield"), an entity which is wholly owned by Mr. Shakhidi, held 14,920,702 Ordinary Shares, representing approximately 14.0% of the Company's issued share capital. On 21 October 2013, Belphar acquired these shares from Topsfield. The Possible Offer, if made, would represent a premium of 12.8% to the mid-market price of a Pan Ordinary Share on 21 October 2013, being the latest practicable day prior to this announcement, and a premium of 9.7% to the mid-market volume weighted average price ("VWAP") of a Pan Ordinary Share over the 12 months to 21 October 2013, being the latest practicable day prior to this announcement. Based on the limited liquidity of Pan Ordinary Shares, Belphar strongly believes that the Possible Offer represents an attractive opportunity for holders of Pan Ordinary Shares to monetise, in full and in cash, their shareholdings at a price in excess of the closing mid market price for a Pan Ordinary Share on all but 2 days out of the last 22 months (i.e. since the date that Pan's suspension from trading on AIM was lifted, on 15 December 2011). Belphar intends shortly to approach Pan's Board, in order to seek a recommendation for the Possible Offer and to discuss next steps. Belphar confirms that a recommendation from Pan's Board is not a pre-condition to the making of any offer. Belphar reserves the right to make an offer at any time, at a value below 22.0 pence for each Pan Ordinary Share, under the following circumstances: a) with the agreement and recommendation of the Board; and / or b) to the extent that Pan declares, makes or pays any dividend or distribution or other payment to its shareholders; and / or c) a third party announces a possible or firm intention to make an offer for Pan. In accordance with Rule 2.6(a) of the Code, Belphar is now required, by not later than 5:00 p.m. on 18 November 2013, to either announce a firm intention to make an offer for Pan under Rule 2.7 of the Code or announce that it does not intend to make an offer for Pan, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. Further announcements will be made as and when appropriate. - ENDS - For further information, please visit www.belphar.com or contact: |
Posted at 03/10/2013 16:30 by oli12 Pan European Terminals (AIM: PAN), was notified on 2 October 2013 that, on 1 October 2013, Alpcot Capital Management Ltd disposed of its entire shareholding of 14,570,702 ordinary shares of 1p each in the Company ("Shares"), representing approximately 13.7% of the Company's issued Shares.Bjorn Lindstrom, Senior Partner of Alpcot Capital Management, commented, "Alpcot is primarily an Eastern European-focused investment company and our original investment in Pan European Terminals was at a time when it had the majority of its operational assets in this region. In the past two years, as PAN has successfully enlarged its operations into Western Europe, it no longer meets our investing criteria and therefore we have sold our holding, at a premium to the current market price. We remain supportive of the new management team and wish Simon and his team all the best for the future." Simon Escott, Interim Executive Chairman and Chief Executive of PAN, commented, "Alpcot has been a very positive and supportive shareholder over the past four years. We look forward to welcoming the new investors as shareholders and to a similar, long standing supportive relationship with them." A TR-1 Form dated 2 October 2013 prepared by Alpcot Capital Management Ltd under the FCA Disclosure and Transparency Rules and provided to the Company is set out below. -ends- |
Posted at 03/10/2013 08:27 by pantastic The Pantastic RNS Readers' Guide 2013Available in paperback, hardback and back-of-fag-packet. Section 1 - Company Announcement Introductions 1. Company X announces XYZ This is used when you have to announce something routine or it's pretty dull. 2. Company X is pleased to announce XYZ This is used when it's somethnig a little more positive and you're not just releasing it to keep the nomad off your back or to satisfy section 7 subsection 4.2 of the AIM rules for counting how many teabags are in staff canteen. 3. Company X is delighted to announce XYZ This is significantly more positive. It's one step down from 'in a state of arousal just thinking about announcing'. 4. Company X is in a state of arousal just thinking about announcing XYZ This is reserved for releases of news that involve receiving cash windfalls of £20m due to the sale of an asset that's been a bit of a pain in the backside recently. Section 2 - Other Useful Words and Terms 1. Significant This is very positive, you can't just use this word to describe a couple of barrels of oil or a few quid found down the back of the sofa. 2. Transformational. This is massive. The nomad is going to want to see full details of why you think this is going to make such a massive difference, it can't just be that you've found the remote control that the wife hid after you kept watching the football. 3. Resigned with immediate effect. This means the member of staff was a really nice guy and has never done anything wrong whatsoever and you've both been mulling it over for a few months and he's decided he likes daytime television so much that he'd like to dedicate more time to this. You're really pleased with all his efforts since being with the company and you'd like to thank him for that and show your appreciation by letting him watch Jeremy Kyle, at home, today, without having to wait three months for the particular pleasure. Great for if he's forgotten to set his Sky box to record. Stuff like that. 4. Oil Major This is not your next door neighbour with a couple of cans of Castrol he'd like you to store in your shed as his garage is full since he bought his new Mondeo. This is a large company. Possibly multinational and maybe a household name. 5. Strong trading This means the business is doing well. The nomad will want to see proof of this before he'll let you say 'strong'. There are more entries but most are not relevant to a Company like Pan Galactic Terminals PLC |
Posted at 30/9/2013 07:15 by pantastic You wait so long for one RNS and two come at once.RNS - Directorate change Directorate Change Pan European Terminals plc (AIM: PAN), announces the following changes to the composition of the board of Directors of the Company: Richard Healey, Chairman, Louis Castro, non-Executive Director, and Adrian Simpson, Finance Director, have resigned as Directors with immediate effect. Simon Escott, currently Chief Executive of the Company, has been appointed Executive Chairman on an interim basis, until such time as a suitable candidate is appointed. The Company further announces that Reg Eccles has been appointed Senior Independent non-Executive Director with immediate effect. Reg has sat on the boards of a number of public and private companies over the past 13 years, including Toledo Mining Corporation plc and Belitung Zinc Corporation plc, where he acted as Chairman. He began his career at Anglo American Corporation of South Africa as a business analyst, deputy Chief Economist and finally Corporate and Financial Planning Director in Johannesburg. In 1979, he co-founded and acted as Chairman of Claspbourne Ltd, a consultancy and publishing company, sold in 1988. He has also held senior positions at a number of investment banks, including, James Capel, where he was a Director of Research and SBC Warburg, Ord Minnett and ABN Amro, where he was Global Head of Mining Equities The Company expects to appoint another high calibre non-Executive Director imminently. The search for a full time Finance Director is well advanced and, once a suitable candidate for such position has been identified, the Company also expects to appoint a further non- Executive Director. Simon Escott, Interim Executive Chairman of PAN, commented, "We are delighted to welcome Reg to the board. His extensive board experience, together with his international and investment banking credentials, leaves the Company in a strong position and provides me with great confidence in achieving our strategic goals going forward. We have the opportunity at this time to build a really strong and pro-active Board and we will make sure we use this opportunity wisely and in the best interest of all the shareholders." |
Posted at 20/9/2013 07:05 by oli12 Pan European Terminals PLC("PAN" or "the Company") Proposed Directorate Change Pan European Terminals (AIM: PAN), which provides transhipment and storage facilities into Europe and Russia for the hydro-carbon industry, announces that Hepworth Technologies S.A. ("Hepworth"), subscriber to the £8.5m secured convertible fixed rate loan note ("Loan Note") issued in November 2012 by Dan Balt Terminals Limited, a wholly-owned subsidiary of the Company, has notified the Company that under the terms of the Loan Note instrument the Company is to procure the appointment of a representative of Hepworth as a Non-Executive director to the Board of the Company. The Company will update shareholders in due course as soon as the appointment has been implemented. -ends- |
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