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Plutus Res. Share Discussion Threads
Showing 1676 to 1700 of 1700 messages
|All sorted and ready to GO.|
|Think it'll go out later today. After lunch.....this is the City after all ;)-|
|I wonder when the RNS is coming out re AGM resolutions etc. I thought by now we would have had the usual kind of statement re successful meeting. But perhaps they will wait till tomorrow morning 7 am.|
|PPG is the new epic.|
|I will have go and set up a new thread tomorrow, assuming the share is re-listed.|
|There aren't many of us left ;)- LoL|
|nice to see someone is "on the ball". Thanks HOBO.|
|Resolutions should go through smoothly. Plutus Powergen will have a different EPIC code (tba) so a new thread will have to be started shortly|
|anybody going to the AGM this morning? Any predictions on how the shares price will perform tomorrow?|
|guru spoke too soon. This will be BIG.|
|05 August 2014
Plutus Resources plc
("Plutus Resources" or the "Company")
Acquisition, Placing and Posting of Admission Document
Acquisition of Plutus Energy Limited, Placing of 133,333,335 Ordinary Shares at 0.6 pence per Ordinary Share, change of name to Plutus Powergen plc, changes to the Board, conversion of Loan Notes, Notice of General Meeting and Admission to trading on AIM
The Board of Plutus Resources, is pleased to announce the proposed acquisition of the entire issued share capital of Plutus Energy Limited, ("Plutus Energy"), a company established for the purpose of generating power from flexible stand-by power generation farms and generating revenues through the sale of this power to large energy supply companies during periods of peak electricity demand or Grid instability. The consideration for the Acquisition is GBP485,000 and will be satisfied by the issue of the Initial Consideration Shares.
In addition, the Company has conditionally raised GBP800,000 pursuant to the Placing to fund the working capital requirement of the Enlarged Group.
The Placing has been priced at 0.6 pence per share which represents a 25% discount to the closing mid-market share price on 31 January 2014 when trading in the Company's Shares was suspended.
The Acquisition constitutes a reverse takeover under the AIM rules for Companies. As a result, the Company is seeking Shareholder approval for the Acquisition at the General Meeting, notice of which will be posted to Shareholders today, along with the Admission Document.
Resolutions will be proposed at the General Meeting to approve the Acquisition and effect, amongst other matters, the Placing and the change of the Company's name to Plutus Powergen plc.
It is expected that Admission will take place on or around 22 August 2014 assuming the Resolutions are approved.
The Admission Document (which includes the Notice of General Meeting) is available for download from the Company's website, www.plutusresourcesplc.com.|
|This could be BIG now new non exec director appointed !|
|RNS out today. The critical bit is;
"As previously announced on 31 January 2014, the Company has now entered into a letter of intent for the acquisition of the remaining 75% interest of the share capital of Attune Energy Limited (now renamed "Plutus Energy Limited") which is not owned by Plutus Resources ("Proposed Acquisition")"|
|PLR Annual Report posted on www.plutusresourcesplc.com for those interested.|
|Watch out for Tim Moore he will Ramp it Ramp it Ramp it.|
|HAHA this will be cancelled from AIM pretty soon.. don`t get that excited.|
|Very good post bishopspawn.|
|One of the things I like about share price Angel is the reputation of their research team. I expect that potential investors and the market generally will get in-depth and reliable analysis of the UK Energy Market that Plutus is about to enter, as well as the potential profitability of the business going forward.
The other thing is that share price Angel is the kind of broker that can come up with very significant sums of money for Plutus Energy to get itself established in a situation, where there could be very significant shortfalls of electricity in our National Grid.
I believe that something over 30% of our electricity comes from fossil fuels, which have to be phased out in the not-too-distant future. Replacement and extra Nuclear Power Stations are many years away from commissioning, and our reliance on Wind and Solar Power is very shaky, simply because it is unreliable.
To keep the lights on, the National Grid will need plenty of Standby Generator Capacity, and our Plutus I think is going to be one of the players in that market.
So, interesting times ahead, once we get the AGM out of the way and pass the proposed reverse takeover and get the shares re-admitted and trading again.
As I have said before, if anyone feels like a punt now, you could take some Paternoster Shares as a way-in ahead of further developments, since Paternoster has 28% of Plutus shares as an investment. If they rocket, Paternoster will do very well out it too, and currently the shares are a very low.
|SP Angel appointed. Should get interesting.|
|Definitely, and spectacularly I expect. Let the news flow begin and let it be fabulous...|
|Plutus on its way back ? See rns new advisor and broker|
|All quiet for the time being.....bring it on, Plutus!|
|before 16th January when Plutus took 25% of Attune Energy by issuing 20 million shares, there were 142 million shares in issue, of which Paternoster Resources had 27.9%, Charles Tatnall 19.5% and James Longley 13.9%, both directors of Plutus., making a total of 87 million shares between them or 61%. That means only 55 million shares floating maximum; but due to orphaned stock etc it could be as low as 20 million shares only free floating. That makes for a very tight market as and when things take off with the shares trading again. Of course, Paternoster Resources shares are not suspended and are one way that is currently open to investors to speculate on what Plutus may produce by way of news.|
|CHA will not be involved|