Vectura Share Discussion Threads

[bobwwfa] 24/10/2021 11:03

Just had letter informing me you can still use the form which shows the deadline as 15th September. complete and return with your share certificates and you'll get £1.65 per share

[pachandl] 22/10/2021 12:15

Goodbye as well - it was fun sometimes and painful at other times. That's what happens when you trade the same share for 10 years.

[dp1umb] 20/10/2021 10:28

Goodbye all.

[iamnotanumber6] 11/10/2021 12:01

The answer is yes, they will eventually send you a cheque - but the offer is still open until further notice. It just means you will have to wait longer to get your money via compulsory acquisition compared to you sending an acceptance back.

[letsmakesome] 10/10/2021 22:31

I'd like to know the same. I never received any acceptance form or comma about action required.

[finallyout] 05/10/2021 12:54

Hi
Long time reader here and longer time sufferer in skype / Vectura

based on the new update on 1st Oct - does this mean everyones shares will be purchased now and proceeds sent out?

I ask because I never sent back the acceptance form thinking it was just a straightforward process for them to just send me the payout..


===================
As set out in paragraph 11 of Part 1A of the Offer Document, having received acceptances under the Offer in respect of, and/or otherwise acquired, both 90 per cent. or more in value of Vectura Shares to which the Offer relates and 90 per cent. or more of the voting rights carried by those shares, PMI Bidder intends, as soon as practicable, to exercise its rights pursuant to sections 974 to 991 of the Companies Act to acquire compulsorily Vectura Shares in respect of which acceptances have not then been received.
=====================

tnx in advance

[mollymoo1] 01/10/2021 17:47

All sorted now, received payment for my shares today.

[mollymoo1] 01/10/2021 10:59

I posted my share certificates off on 17th August, I just rang them and they cannot find them on their system, say they will investigate. What now?!!!

[dp1umb] 30/9/2021 21:46

Luckily I didn’t invest in invinity energy
what a dog of a share it’s down about 40% in three weeks BEWARE OF RAMPERS!

[davr0s] 28/9/2021 19:29

Are cheques still a thing?

[nicyts2] 28/9/2021 17:59

Accepted 7 days before 16th by post sending share certificates.Still waiting cheque. Normal? When should I expect happy post?Answers on a postcard please

[saget] 28/9/2021 16:15

Thanks but I hold the shares as paper certificates - when I first started share trading that was the only option.Unfortunately it looks like I have an old share certificate from 2007 (when Vectura bought Innovata) and a new certificate was issued in 2019 after a share consolidation - I doubt I'll be able to find it in time by tomorrow. Ah well, thanks for all your help anyway!

[sikhthetech] 28/9/2021 15:01

If you've an online account with HL then last day for acceptances is noon tomorrow.

[dp1umb] 28/9/2021 14:29

Saget
You could always just sell into the market.

[saget] 28/9/2021 12:45

Thanks!Guess I need to get it sent today!Does anyone know the address I need to send it to?Is is it:ComputershareCorporate actions 2BristolBS99 6AG

[cityfarmer] 28/9/2021 11:43

4. Continuation of the Offer and action to be taken

As announced on 16 September 2021, the Offer has been extended and will remain open for acceptance until 1.00 pm (London time) on 30 September 2021.

Forms of Acceptance not yet returned should be completed and returned in accordance with the instructions set out in the Offer Document and in the Form of Acceptance so as to be received as soon as possible, and in any event not later than 1.00 pm (London time) on 30 September 2021.

Capitalised terms used but not defined in this announcement have the meaning given to them in the Offer Document.




A copy of the Offer Document can be found on PMI's website at www.PMI.com.

[saget] 28/9/2021 11:38

Hi,
Sorry but could someone help?
I have have a bunch of Vectura shares in certificate form - initially invested in them 20 years ago when they were ML Labs, anyone remember them? And I paid a whopping £2 a share that I have been waiting to make back ever since. Guess I never will.

I now realise that I need to send back a form with my share certificate in order to accept the current offer. Would anyone know which form that is please? I did manage to find a form for the recommended cash offer, along with a booklet for the ‘Recommended Cash Offer of 165 pence per Vectura Share for Vectura Group plc by PMI Global Services Inc.’ but it says the deadline for submitting it was 15th September. Do I still send this form back or is there another one that I should be using?

Thanks in advance for any help!

[dp1umb] 28/9/2021 10:18

Good luck to all the regulars on this board

[dave129] 22/9/2021 13:12

Hi -
FYI I had the same issue of lost form - which I realised last night after reading this thread...
I sent an email to the investor relations address on the vec site and this morning a new one arrived.
On the way to post shortly ...

[notsowiseman] 21/9/2021 22:14

I was able to sell at 165p this morning.

[tom1932] 21/9/2021 17:28

Thank you very much for your help, I will sell ASAP as I have lost the form sent to me to accept the offer

[popper joe] 21/9/2021 14:21

Tom, you need to get a move on. This from an RNS released yesterday by Vectura:


Pursuant to Listing Rule 5.2.11R, Vectura announces that the cancellation notice period has now commenced and cancellation is expected to take effect from 8.00 am on 19 October 2021.

As soon as reasonably practicable after delisting and cancellation of trading occurs, it is intended that Vectura will be re-registered as a private limited company under the relevant provisions of the Companies Act.
Delisting of the Vectura Shares and the re-registration of Vectura as a private limited company will significantly reduce the liquidity and marketability of any Vectura Shares in respect of which the Offer has not been accepted at that time, and the reporting and disclosure requirements will be significantly reduced.
Vectura Shareholders are reminded t hat if t hey have not accepted the Offer before
Vectura is re-registered as a private limited company, they would become minority
shareholders in a majority controlled private limited company and, due to the reduction of liquidity and marketability of Vectura Shares, future opportunities to sell their Vectura Shares will be more limited. In addition, there can be no certainty that Vectura would pay any further dividends or other distributions to these minority shareholders or that , after the Offer has been closed, such minority Vectura Shareholders would have the opportunity to sell their Vectura Shares on terms which are equivalent to or no less advantageous than those under the Offer.

Vectura Shareholders who have not yet accepted the Offer are therefore urged to do so as soon as possible.

[tom1932] 21/9/2021 09:35

If I haven’t sold my shares will they be converted into shares in the takeover company ? Sorry to be thick but I’m not a share person

[srpactive] 17/9/2021 11:26

Naughty us accepting a bid from PM, I have never smoked but might
a have a cigarette to celebrate, have a gamble, enjoy some ladies
and have a drink. What a sinner I am.

As my nickname is srp which stands for sensibly repositioning my pension
actively.

So I will move into tobacco, gambling and gold, with decent dividends
attached.

dyor

active