Share Name Share Symbol Market Type Share ISIN Share Description
Pure Wafer LSE:PUR London Ordinary Share GB00BG5GTX01 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 181.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 9.8 0.9 136.6 1.1 55.82

Pure Wafer Share Discussion Threads

Showing 6826 to 6850 of 6850 messages
Chat Pages: 274  273  272  271  270  269  268  267  266  265  264  263  Older
DateSubjectAuthorDiscuss
22/11/2016
16:05
This is an extract from the liquidator's letter dated 19th September:- "I can confirm recent receipt of Company funds which were being held in ESCROW relating to the sale of the Company’s subsidiary Pure Wafer Inc. As such I intend to make a third interim distribution to shareholders within the next five business days and I expect the distribution to be 4p per share. This will bring total distributions in the liquidation to date to 175p per share. You might recall that in the Circular dated 11 December 2015, the board of directors anticipated that the Joint Liquidators will make a total distributions of up to 188 pence per share and I am pleased to confirm that it is still anticipated that total distributions by the conclusion of the liquidation should be on or around 188 pence and more details in relation to factors which affect this appear below. Outstanding matters We are in protracted correspondence with HM Revenue & Customs (‘HMRC’) regarding the agreement of the Company’s tax position and specifically in relation to the Corporation Tax return for the period ending 6 January 2016. We are seeking confirmation from HMRC that they will not be raising any enquiries in relation to the tax return. I am seeking this confirmation because the Company applied substantial shareholding exemption in relation to the sale of its former subsidiary and whilst I am satisfied that the exemption should apply, the legislation in relation to the exemption is complex and a number of conditions must be satisfied in order for the exemption to apply. Should HMRC disagree with the use of the exemption, Corporation Tax would be payable on the sale of the subsidiary and so I am continuing to retain a provision in this regard. Please note that this is a provision only and I hope that tax clearance should be obtained soon and I will be able to release this provision and distribute sums retained to shareholders in accordance with the circular in due course. My request has recently been escalated to a specialist team within HMRC and as such I hope the position will be clarified in the near future, however, the timing and amount of distributions do rely on their response. If possible this distribution will be combined with other future distributions in the interests of efficiency, but this will be reviewed to ensure that the Joint Liquidators continue to act in the best interests of shareholders. The other key outstanding issue in the liquidation at present relates to a dilapidations claim made against the Company in relation to one of its former premises. We are in correspondence with the landlord and their advisors in order to reach a full and final settlement in relation to the claim. However, this is taking longer than was expected. We are reviewing the position and exploring options in order to get the matter resolved as soon as possible."
alan@bj
22/11/2016
15:56
There will be. But everything must be 100% sorted before to is made.
puffintickler
22/11/2016
10:43
Think there is a further final payment when the outstanding tax issues are sorted out.
meijiman
04/10/2016
15:40
Equiniti funds arrived on 29 Sept. No letter, no details of the payment. I'd move from them if I didn't have concerns they'd screw that up!
zimbtrader
04/10/2016
15:31
My lot received a cheque, not cleared yet so not in my account.
puffintickler
04/10/2016
08:16
Same here - I use TDDI and have heard nothing from them apart from the bland notification that they'd received the 4p dividend.
alan@bj
04/10/2016
08:03
I have to assume that Equiniti got the letter but no one was at home to read it....
meijiman
04/10/2016
07:55
Yes, thanks. What an excellent letter. If only company directors could pen with such clarity :)
eezymunny
04/10/2016
07:53
Appreciated Alan.
cockerhoop
04/10/2016
07:49
Thanks alan.
flyfisher
04/10/2016
07:35
Letter to all shareholders:- 19 September 2016 Ref: ML5W/BG/FL/MC/DH Direct line: 020 7197 7271 Fax: 020 7951 9232 Ben Good Email: mcoomber@uk.ey.com Pure Wafer PLC (In Members’ Voluntary Liquidation) ('the Company’) As you are aware, on 7 January 2016 the Shareholders of Pure Wafer plc passed resolutions to place the Company into members’ voluntary liquidation and to appoint Samantha Jane Keen and I as Joint Liquidators. I refer to my letter dated 30 June 2016 and I write to provide a further update to the shareholders of the Company on the progress of the liquidation. Third Distribution I can confirm recent receipt of Company funds which were being held in ESCROW relating to the sale of the Company’s subsidiary Pure Wafer Inc. As such I intend to make a third interim distribution to shareholders within the next five business days and I expect the distribution to be 4p per share. This will bring total distributions in the liquidation to date to 175p per share. You might recall that in the Circular dated 11 December 2015, the board of directors anticipated that the Joint Liquidators will make a total distributions of up to 188 pence per share and I am pleased to confirm that it is still anticipated that total distributions by the conclusion of the liquidation should be on or around 188 pence and more details in relation to factors which affect this appear below. Outstanding matters We are in protracted correspondence with HM Revenue & Customs (‘HMRC’) regarding the agreement of the Company’s tax position and specifically in relation to the Corporation Tax return for the period ending 6 January 2016. We are seeking confirmation from HMRC that they will not be raising any enquiries in relation to the tax return. I am seeking this confirmation because the Company applied substantial shareholding exemption in relation to the sale of its former subsidiary and whilst I am satisfied that the exemption should apply, the legislation in relation to the exemption is complex and a number of conditions must be satisfied in order for the exemption to apply. Should HMRC disagree with the use of the exemption, Corporation Tax would be payable on the sale of the subsidiary and so I am continuing to retain a provision in this regard. Please note that this is a provision only and I hope that tax clearance should be obtained soon and I will be able to release this provision and distribute sums retained to shareholders in accordance with the circular in due course. My request has recently been escalated to a specialist team within HMRC and as such I hope the position will be clarified in the near future, however, the timing and amount of distributions do rely on their response. If possible this distribution will be combined with other future distributions in the interests of efficiency, but this will be reviewed to ensure that the Joint Liquidators continue to act in the best interests of shareholders. The other key outstanding issue in the liquidation at present relates to a dilapidations claim made against the Company in relation to one of its former premises. We are in correspondence with the landlord and their advisors in order to reach a full and final settlement in relation to the claim. However, this is taking longer than was expected. We are reviewing the position and exploring options in order to get the matter resolved as soon as possible. Should you have any queries regarding the liquidation, please do not hesitate to contact my colleague Ben Good on the above direct line. Yours faithfully For the Company Derek Hyslop Joint Liquidator Derek Hyslop and Samantha Keen are licensed in the United Kingdom to act as Insolvency Practitioners by the Insolvency Practitioners Association. We may collect, use, transfer, store or otherwise process (collectively, “Process”;) information that can be linked to specific individuals (“Personal Data”). We may Process Personal Data in various jurisdictions in accordance with applicable law and professional regulations including (without limitation) the Data Protection Act 1998
alan@bj
04/10/2016
06:37
Very helpful. Not heard a peep so that sounds promising. Thanks Alan
hutch_pod
03/10/2016
20:29
Yes, very informative. I've got a pdf. If I can copy the text tomorrow, think I'll post the entire letter here. In summary though, the liquidator still thinks that a total distribution of around 188p is feasible - 175p paid out so far as you know. Discussions with HMRC are protracted due to the complexity of the matter but it has recently been referred to a specialist team, which gives hope that a decision will be made reasonably soon, although it's impossible to commit to any indication of when that might be. A further complication is that a dilapidation claim by the landlord of the company's former premises remains unsettled. The liquidator is seeking advice as to how a resolution may be expedited.
alan@bj
03/10/2016
19:02
No, nothing for me. Any insights?
hutch_pod
03/10/2016
17:55
I've been sent a letter that the liquidator sent to all shareholders 19th September. Did you guys receive it?
alan@bj
29/9/2016
08:16
Is Selftrade now Equiniti? Think so. Agree they are the worst of the lot. They seem to imply you are a fool or a knave for trying to obtain what is rightly yours.
meijiman
29/9/2016
06:34
The payout may be all a bit inefficient but I am more than happy to wait!
puffintickler
29/9/2016
05:17
Credit appeared on my holding with Hargreaves. Still nothing on my holding with Equiniti account (who are shockingly slow anyway).
zimbtrader
28/9/2016
11:05
Had all mine now. Painful inefficiences abound...
eezymunny
28/9/2016
10:44
I had chased HL but noticed it arrived this morning.
hutch_pod
28/9/2016
09:13
Tx guys. I have a vision of the liquidator writing cheques by hand. Surely not!?!?!?
eezymunny
28/9/2016
09:05
If the liquidator has forwarded funds without instructions it may be a problem.
meijiman
28/9/2016
09:04
IDealing are "waiting for the cheque to clear" - expect to credit my account Monday. Shame, they used to be a decent broker. This isn't the first late payment recently.
papy02
28/9/2016
08:24
Not in iDealing or Selftrade -am following up
papy02
28/9/2016
07:57
I have had nothing in my Barclays account yet but they always take a few days longer than anyone else. They're a bank - it their prerogative!
mjcrockett
Chat Pages: 274  273  272  271  270  269  268  267  266  265  264  263  Older
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