Netdimensions Share Discussion Threads

[b1ggles] 06/4/2017 10:49

Arrived 5 April via Barclays.

[welsheagle] 04/4/2017 12:19

Thanks Brummy

[brummy_git] 04/4/2017 09:29

I understand the cash has now been sent to the various stockbrokers (but may not yet have been allocated to individual accounts) to pay all those shareholders who accepted on the 1st closing date

[welsheagle] 04/4/2017 09:05

Anybody received the cash yet?

[longshanks] 03/4/2017 09:09

Still no cash....WHERE IS MY MONEY!!

[brummy_git] 30/3/2017 17:44

I think the original offer document from LTG provisionally said the funds would be transferred on 30 March - so should be allocated to individual accounts by everyone's stockbrokers (hopefully) tomorrow. If not, then I guess early next week.

[bruceylegs] 30/3/2017 17:05

No, I'm also still waiting.

[welsheagle] 29/3/2017 11:59

Anybody received the settlement monies - My broker says the money has not arrived yet.

[welsheagle] 16/3/2017 09:50

Thanks, Longshanks.

[b1ggles] 16/3/2017 09:46

I think that date is admission of the placing shares to pay for the deal, WE.

The original timescale said settlement would be fourteen days after being declared unconditional, so that should be 28 March.

[welsheagle] 16/3/2017 09:37

The acceptance document refers to 20th March, 2017 - Is this the date that we receive the cash.

[pentangle] 15/3/2017 20:54

Well it's over and out. I had held off accepting but the American interest never materialised. Reckon I was sitting on 0.4% of the company!

[longshanks] 15/3/2017 17:36

They say "no later than 14 days after the offer becoming unconditional".Payment should be within two weeks of today.

[welsheagle] 15/3/2017 10:49

Does the acceptance document in the RNS today mean that the cash will be in our accounts on Monday 20th March.

[aishah] 08/3/2017 07:18

Added to my DGB holdings and maiden purchase of Nasdaq:MITK

[brummy_git] 08/3/2017 05:31

Well done - BWT, where have you invested the funds AISHAH? Any other interesting opportunities elsewhere?

[aishah] 07/3/2017 21:31

Sold up in the market recently. Money rotated elsewhere.

[brummy_git] 27/2/2017 13:20

Usually if investors accept an initial offer, and later there is a higher competing bid before the deadline date - then I understand under Takeover Panel rules, the whole process would reset back to day 1 again. Thus allowing everyone to benefit regardless of whether they had voted in favour at the GM.

That said in NetDimensions case, because it is a Caymans island business, it does not fall underneath these UK based rules. So here I guess, a NETD shareholder would have to physically withdraw their acceptance before the drop dead date in order to benefit from any greater rival offer?

[welsheagle] 27/2/2017 11:59

My Broker said that the offer needs to be accepted by March 9th, so will hold on until nearer that time, then accept if there is no counter offer.

[longshanks] 24/2/2017 02:01

I am holding off until the last minute though....

[welsheagle] 23/2/2017 10:44

Thanks longshanks

[longshanks] 23/2/2017 08:10

There is no rush to do so. Inevitably the company will be delisted and the shares will become untradeable.If LTG gain more than 90% of the equity then they can force you to sell, otherwise you will become a minority holder in one of their subsidiaries.The shares won't lose value but it will become more opaque as to how you can exit or benefit from any dividends paid.On balance, I would say you are better off accepting and moving on.

[welsheagle] 21/2/2017 09:42

Any views on whether we accept the £1.00 per share offer.

[longshanks] 20/2/2017 17:26

Looking less likely by the day that a competing bid will materialise.Might buy a few LTG with the proceeds: looks like the leadership have a good track record.

[b1ggles] 20/2/2017 15:38

But Barclays' first date for acceptance is 1 March. Other brokers will no doubt vary a great deal.