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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pgi Grp | PGI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 8.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.75 | 8.75 |
| Top Posts |
|---|
Posted at 01/6/2009 16:49 by bert589 1 June 2009PGI Group PLC Publication of a Circular regarding the proposed cancellation of listing of the ordinary shares on the Official List Following the announcement made by the Company on 23 April 2009 that the directors of PGI Group PLC (the "Company") were proposing to seek shareholders' approval for the cancellation of the listing of the Company's shares on the Official List and of their trading on the London Stock Exchange (the "Listing") and for the re-registration of the Company as a private limited company on the delisting taking effect, the Company announces that it has today posted to its shareholders a circular (the "Circular") outlining the proposals in greater detail and giving notice to the shareholders of a General Meeting of the Company at which the proposals will be considered. Under the Company's articles of association the Company is required to give at least 14 days notice of a General Meeting. The General Meeting of the Company at which the proposals relating to the cancellation of the Listing will be considered will be convened immediately following the Company's Annual General Meeting on 23 June 2009. Assuming that the required resolutions are passed at the General Meeting on 23 June 2009 it is proposed that the cancellation of the Listing shall take effect from 22 July 2009. A copy of the Circular, which contains further details of the General Meeting, can be found on the Company's website (www.pgi-uk.com). Copies of the Circular will also today be submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: The Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS |
Posted at 04/5/2009 20:48 by eriktherock ok, Nick has 87 million shares, if the divi were 100p then that would be £87 million, if it were 10p then that would be £8.7 million, if it were 1p it would be £870,000 AND if it is 0.25p it is a quarter of £870,000 and is £219,110 approx |
Posted at 04/5/2009 19:52 by eriktherock My point is that the largest shareholder ( you know, he that has been mopping-up the weak holders offerings last week) will receive by way of dividend payment £219,644. This not too shabby especially as this return more than any building society deposit. |
Posted at 24/4/2009 20:50 by topvest Well this is a real shame. PGI have been listed for years. I suppose the company may well do better as a private company, but sad to see them disappear. Haven't held these for years, but kept a watch. |
Posted at 24/4/2009 10:14 by 4johnb Roditi has destroyed, in one fell swoop, the reputation he has built over alifetime of working as an investor. Why he has done this, and why he has effectively waved the white flag is beyond me. Many investors in PGI came on board due to his presence. I also have to say that I am disgusted with the independent board. Surely they have a duty of care to the minorities. |
Posted at 03/4/2009 08:53 by eriktherock PGI should be an indirect beneficiary of some of the IMF dosh ear-marked for Zambia. (especially if they diversify into copper exploration/extracti |
Posted at 01/4/2009 08:32 by hvs Think it looks very good here now with Mugabe keeping quiet recently.Looks like we could see a boost to the economy in Zimbabwe and with PGI assets being revalued. |
Posted at 28/3/2009 13:11 by bert589 Erik, I also thought less competition being good. Although there are multiple arguments.Problem I see is that there is no demand. Plus the main problem is that these roses need to be transported within 48 hours of being cut to Europe (or wherever) they are sold. Zambia is a land locked country. The cost of transport is high due to the high cost of fuel in Zambia. The Khal Amazi expanded it's business with a Zambian subsidiary bought out of receivership from Agriflora. They bought it in Jan 2005 for US$2.5 million. In Total Khal Amazi has 44 ha of production area for this business. Below what was stated in 2004 annual report "In December 2004 we announced the acquisition in Zambia of assets from the joint receivers of Agriflora Ltd, a company that had a well established business growing vegetables and roses for the European market. The total consideration amounted to US$2.5 million and the acquisition was completed in January 2005. A new Zambian subsidiary,Chalimban Possibly PGI could buy more distressed businesses in Zambia? Don't know if they have any cash, plus not clear what their strategy is? Are they focussing on Africa or are they looking at expanding real estate business in Russia? The Jensen management, which needed to be more "incentivised" and broke with PGI after resignation of Steven Wayne, must surely in the current crisis have difficulties finding new funds to start future projects in St Petersburg? Might they need PGI (read: Nick Roditi) to help them raise new funds? Or is the fallout between PGI and Jensen so bad that there is no scope for any future cooperation? All these questions make it hard to make an assessment of PGI IMHO. |
Posted at 19/8/2008 12:35 by eriktherock RNS Number : 6140BPGI Group PLC 19 August 2008 19 August 2008 PGI Group PLC Exercise of option to acquire 20% equity interest in fund management vehicles relating to Jensen Russian Real Estate Fund II, L.P. Following the announcement made by PGI Group PLC ("PGI" or the "Company") on 30 June 2008, the directors of PGI Group PLC announce that it has been notified that a new fund, Jensen Russian Real Estate Fund II, L.P., a fund for investment in Russian real estate, (the "New Fund") has effected its initial closing, with commitments from investors totalling US$61.7 million. The Company has elected to exercise its option to subscribe for a 20 per cent. equity interest in each of the general partner, the manager and the carried interest partner (each a "Fund Management Vehicle") of the New Fund at an aggregate exercise price of US$1. The Fund Management Vehicle which acts as general partner of the New Fund has committed to make capital contributions to the New Fund equal to 1% of the aggregate capital commitments of all its limited partners (including those who commit under subsequent closings by the Fund) up to a maximum of $3.5 million and the Company has in turn undertaken to fund 20 per cent. of any sums payable by the general partner to meet this commitment, so that the Company's funding commitment is for a maximum of $700k. Mr Wayne, the former Chief Executive of PGI, who resigned on 24 July 2008 but remains the chief executive of the PGI group's Russian property fund management operations, currently owns the other 80 per cent. of the equity in the Fund Management Vehicles and the Company has entered into a shareholders' agreement with him regarding the operation of the Fund Management Vehicles. Under this agreement the Company's equity interest in the Fund Management Vehicles is protected from dilution. |
Posted at 01/8/2008 08:24 by eriktherock RNS Number : 4121APGI Group PLC 01 August 2008 PGI Group plc 1 August 2008 PGI Group Plc ("PGI" or the "Company") Result of Placing / Transaction in Own Shares / Total voting Rights Further to the announcement dated 24 July 2008, PGI wishes to advise that they will receive approximately £0.34 million from Jensen Group Holdings LLC ("Jensen") under the terms of the Amendment and Operations Agreement dated 30 June 2008, being the consideration received from the sale of one half of the 3,750,000 ordinary shares sold by Jensen (net of placing costs). In addition, PGI has on 31 July 2008 purchased from Jensen 2,725,000 ordinary shares for an aggregate consideration of £1, representing one half of the unplaced PGI Sale Shares held by Jensen. PGI will hold the 2,725,000 ordinary shares in treasury. Following the above purchase the Company now has 129,602,665 ordinary shares in issue, including 2,725,000 shares held by the Company as treasury shares. Therefore the total number of voting rights in PGI is 129,602,665, including 2,725,000 attaching to shares held in treasury. Accordingly the total number of voting rights excluding those attaching to shares held in treasury is 126,877,665. |
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