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BILL Billing Services Group Limited

0.45
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Billing Services Group Limited LSE:BILL London Ordinary Share BMG110261044 COM SHS USD0.59446
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.45 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.30 0.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.45 GBX

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Posted at 12/10/2022 15:46 by smithie6
I still have the shares sitting in my on line account.

Any opinions, should I try to chase up that 0.6c/share (perhaps £180, a fair amount of beer or 2 jackets !) or just ask the nominee holding co. to delete the holding & book that currently shown loss ?
Posted at 12/10/2022 15:42 by smithie6
What is the story here ?

"Tender Offer for the purposes of ensuring the Company is placed into a member's voluntary liquidation, and Shares held by Ineligible Shareholders) at a price of US$0.00606911 per Common Share"

I am pretty sure that I got the previous pay out of ~2c$/share

But I don't recall hearing about the tender offer or getting the subsequent 0.6c$/share.

If there was money left in the company accounts since some ppl did not tender their shares then what has happened to that money ?

Still there ?
Stolen by the liquidators ?!
Posted at 11/12/2020 21:02 by this_is_me
If your name is on the share register you get all the documents direct from the registers, as I did, and get your money direct from them too, as I did.

The documentation that I got clearly stated that if you didn't tender your shares before the deadline you would not get any money when the company was liquidated. If Barclays have screwed up you will have to demand compensation.
Posted at 11/12/2020 15:21 by snape
Strange one.
Barclays still claiming that the Registrars say no payment from Bill has been or is due to be made. Barclays saying that Hargreaves L may have paid out ahead of the liquidation and they will when they get informed. There is no RNS yet.
Luckily only due £250 so not going to lose any sleep over it though will be annoyed if I don't get informed in the next few weeks.
Posted at 10/12/2020 09:33 by eezymunny
They would have received communication from the company or (more likely) its registrars. Bermuda based company so don´t know how it works there but UK brokers with clients holding BILL in nominee accounts would have been notified (both my brokers were). Scream at Barclays IMO.
Posted at 24/11/2020 17:04 by eezymunny
The tender price was 0.45p/share but of course you had to tender your shares. Barclays corporate action dept should have alerted you to this...
Posted at 02/11/2020 17:25 by plasybryn
INTRODUCTION1.1 As you are aware, on 28 February 2020 the Company announced the completion of the sale of BSG Wireless Limited to Single Digits Connection, LLC for approximately US$5,250,000 in cash consideration. Following the completion of the sale, on 30 April 2020, the Company paid a special dividend to all Shareholders equivalent to approximately US$0.0291317 per Common Share.1.2 As you will be further aware, at the Annual General Meeting of the Company on 30 April 2020, the Shareholders of the Company approved the cancellation of the admission of the Company's Common Shares to trading to AIM, which became effective at 7.00am on 11 May 2020.1.3 In July 2020, the Company sold certain assets of its local exchange carrier ("LEC") clearing business. The transaction also included the assumption of certain liabilities by the acquirer.1.4 Finally, in September 2020, the Company completed the sale of its third-party verification business. This sale, in conjunction with the sale of the Company's LEC clearing business described above, represented the disposition of materially all of the Company's remaining non- cash assets.1.5 As a result of the transactions described above, we are now writing to inform you that the Board is pleased to invite all Shareholders to participate in an opportunity to realise all of their current investment in the Company by offering all Shareholders the ability to tender to the Company all of their Shares by way of a Tender Offer. The Company intends to purchase up to an aggregate of 164,768,689 Shares representing the entire Issued Capital (other than at least 1 Common Share held by Norman M. Phipps, which is necessary to ensure there remains the minimum capital of at least 1 Common Share in issue following the Tender Offer for the purposes of ensuring the Company is placed into a member's voluntary liquidation, and Shares held by Ineligible Shareholders) at a price of US$0.00606911 per Common Share and for aggregate consideration of US$1,000,000 if the Tender Offer is fully subscribed.1.6 This Circular sets out the background to and reasons for the Tender Offer and the reasons why the Board has resolved that the Company make the Tender Offer. The terms and conditions of and the procedure for participating in the Tender Offer are also set out in this Circular and details712 October 2020can be found in Part II of this Circular and in the accompanying Form of Tender.1.7 Under the Act, the Tender Offer does not require the approval at a general meeting of the Shareholders.1.8 Whilst Shareholders do not have to accept the Tender Offer, following the Tender Offer, the Board intends to place the Company into liquidation. As the Tender Offer is meant to return any material value in the Company to Shareholders, it is expected there will be no material value remaining for Shareholders following the completion of the Tender Offer.1.9 Although Shareholders should take their own tax advice on the implications of the Tender Offer for them, the Directors believe the Tender Offer (as opposed to a cash dividend) is a tax efficient method of returning current value to Shareholders and allowing for the winding up of the Company.2 REASONS FOR
Posted at 23/10/2020 18:01 by castleford tiger
Re: Billing Services Group Plc – Tender Offer

We are writing with regard to your holding of shares in Billing Services Group Plc (BSG) and to inform you that the Company is proposing a tender offer whereby Shareholders on the record date of 9th November 2020 can elect to tender some or all of their holding at USD0.00606911 per share.

The Directors of BSG consider that the tender offer provides an opportunity for eligible Shareholders to realise the value of their current investment, providing an immediate return of cash now. It also allows shareholders the opportunity to dispose of shares efficiently and free of dealing costs. Please note that the shares do not currently trade on any recognised stock exchange. Following the tender offer the Directors intend to place the Company into liquidation. As the tender offer is meant to return any material value in the Company to Shareholders, it is expected that there will be no material value remaining for Shareholders following the completion of the tender offer.


A little more.

So what if 30% of shareholders DO NOT TENDER will there not be a pot left?
Posted at 23/10/2020 17:23 by plasybryn
This is all it says on the H.L. site. Full details not yet sent.

Billing Services Group - Tender Offer
Action required before midday on 5th Nov 2020.
What is happening?
Billing Services Group has announced details of a Tender Offer. You have two options to consider before our noon Thursday 5 November 2020 deadline.
The Company has announced it intends to purchase the entire issued Share capital at a price of USD0.00606911.
What are my options?
Option 1 – Tender your Shares. If you wish to tender a number of Shares please give us your instruction by noon Thursday 5 November 2020, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer will be credited to your account on receipt. Any proceeds will be converted from USD to sterling based on the exchange rate at the time and our standaed currency conversion fees.
Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.
Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.
Posted at 23/10/2020 14:58 by +eysenck
Hi Plasybryn (we've chatted on the JIL board),

I haven't seen any details at all yet. I hold BILL shares with IGIndex and I've contacted them a few times about this and they said their corporate actions department have not received any information from the company. The BILL website is basically dead, so nothing there either.
Billing Services share price data is direct from the London Stock Exchange

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