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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Merrydown | LSE:MYW | London | Ordinary Share | GB0005814537 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.01 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.01 | GBX |
Merrydown (MYW) Share Charts1 Year Merrydown Chart |
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1 Month Merrydown Chart |
Intraday Merrydown Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/5/2005 | 13:38 | Shloer continues to sparkle | 117 |
| 18/2/2004 | 09:00 | Merrydown fizzing up | 61 |
| 22/5/2003 | 09:42 | Encouraging Upside | 9 |
| 04/7/2001 | 18:39 | Merrydown(MYW) GB0005814537 solid support!!! | 7 |
| 29/1/2001 | 00:29 | MERRYDOWN WINES | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 12/4/2005 07:16 by gateside RESULTS OF COURT MEETING AND EGMRecommended acquisition by SHS Group Limited Merrydown PLC ("Merrydown") is pleased to announce that the resolutions to approve the recommended acquisition of the issued and to be issued share capital of Merrydown by SHS Group Limited for 170 pence cash per share by means of a Scheme of Arrangement were duly passed at a Court Meeting and an Extraordinary General Meeting held yesterday in London. The Court hearing of Merrydown's petition to sanction the Scheme and to confirm the reduction of Merrydown's share capital is expected to take place on 3 May 2005. Subject to the Scheme receiving the sanction and confirmation of the Court on that date, the effective date of the Scheme is expected to be 4 May 2005 and consideration due to shareholders is expected to be sent by 18 May 2005. On that basis, the last day for dealings in Merrydown Shares on the London Stock Exchange is expected to be 3 May 2005 and no transfers of Merrydown Shares will be registered after 6.00 p.m. on that date. If the Scheme becomes effective on 4 May 2005, the listing of Merrydown Shares is expected to be cancelled on that date. |
Posted at 17/2/2005 09:01 by gateside Merrydown to be swallowedBy Caroline Muspratt (Filed: 17/02/2005) Cider maker Merrydown has recommended a £36.7m takeover offer from the owner of WKD alcopops and Caledonian mineral water that could see its three top executives share a payout of up to £2.5m. SHS Group, which also markets brands such as Douwe Egberts coffee and Cobra beer, offered 170p a share in cash for the company. Merrydown pioneered Two Dogs, one of the original alcopops, which was a roaring success then slumped. Chief executive Nigel Freer, who was brought in to turn the company around, will leave with as much as £1.25m. He earned £173,000 in basic pay last year, owns more than 141,000 shares in the company and has stock options over a further 675,000. Chairman Andy Nash, who will be able to cash in nearly £900,000-worth of shares, said: "The company was on the verge of administration, which was when the board changes were made." Finance director Michael Dinnis will leave with around £690,000. Christopher Carr, managing director of the cider division, is expected to stay on but is also able to cash in options, giving him nearly £500,000. Merrydown's executive directors will receive an exit bonus of an amount "not exceeding" their salary, and a change of ownership allows them to cash in their stock options. They will also sell SHS their shares in the business. The company, which was founded 59 years ago and also owns the Shloer soft drink brand, was approached by a competitor last year. This triggered talks with "a large number of drinks companies," Mr Freer said. SHS has also agreed to put £900,000 into Merrydown's pension fund, which has a net deficit of £2.7m, Mr Dinnis said. It will pay a further £375,000 annually for the next three years. The deal is expected to complete by May. Northern Ireland-based SHS has an 11pc stake in Merrydown and has secured acceptances from holders of a further 23.9pc of the shares. Michael Howard, SHS group managing director, vowed to "invest significantly in both Merrydown cider and Shloer". |
Posted at 16/2/2005 07:14 by gateside Recommended Proposalsfor the acquisition by SHS Group Limited of Merrydown PLC to be effected by means of a Scheme of Arrangement under section 425 of the Companies Act 1985 Summary On 10th November 2004, Merrydown announced that it was in discussions that may or may not lead to an offer for the Company. The Board of SHS and the Board of Merrydown now announce that they have reached agreement on the terms of recommended proposals under which SHS will acquire the entire issued and to be issued share capital of Merrydown by way of a Court sanctioned scheme of arrangement in accordance with section 425 of the Act. * The Offer is being made at 170 pence in cash for each Merrydown Share and represents: - a premium of 78.3 per cent over the average Closing Price per Merrydown Share for the 6 months to 9th November 2004, the last business day prior to the announcement by Merrydown that it was in discussions with regard to a possible offer. - a premium of 65.9 per cent over the Closing Price of 102.5 pence per Merrydown Share on 9th November 2004, the last business day prior to that announcement. - a price earnings multiple of 30.9 times basic earnings per share before exceptionals for the year ended 31st March 2004. * The Offer values the existing issued share capital of Merrydown at approximately #36.7 million. * The Directors of Merrydown, who have been so advised by PricewaterhouseCoope reasonable. In providing its advice, PricewaterhouseCoope into account the commercial assessments of the Directors. * The Directors unanimously intend to recommend to Merrydown Shareholders to vote in favour of the Offer. * SHS is the beneficial holder of 2,366,667 Merrydown Shares representing approximately 11.0 per cent of the existing issued share capital of Merrydown. * The Directors have irrevocably undertaken to vote in favour of the Offer in respect of their entire beneficial holdings totalling 1,899,110 Merrydown Shares, representing approximately 8.8 per cent of the existing issued share capital of Merrydown. * SHS has received other undertakings to vote, or procure votes, in favour of the Scheme at the Court Meeting and the resolution to be proposed at the Merrydown Extraordinary General Meeting from certain institutional Merrydown Shareholders in respect of 5,155,000 Merrydown Shares representing approximately 23.9 per cent of the existing issued share capital of Merrydown. * Accordingly SHS has received undertakings to accept, or procure the acceptance of, the Offer in respect of 7,054,110 Merrydown Shares (representing approximately 32.6 per cent of the existing issued share capital of Merrydown). * SHS is being advised by IBI Corporate Finance and Merrydown is being advised by PricewaterhouseCoope Commenting on the Offer, Joe Sloan, Chairman of SHS said: "We are pleased to be in a position to deliver this most attractive cash offer to Merrydown's Shareholders. As a leading sales and marketing operation in the fmcg sector in Great Britain and Ireland, we at SHS are in the business of building quality brands. We are therefore delighted to be adding Shloer and Merrydown Cider to our portfolio and look forward to continuing the growth that has been achieved in recent years." Commenting on the Offer, Andy Nash, Chairman of Merrydown, said: "Whilst the Directors remain confident of Merrydown's future prospects they recognise that a larger organisation such as SHS has the resources to grow the brands faster than Merrydown can as an independent company. The Directors believe that the Offer appropriately reflects the strategic value of the Group's brands and recommend that Shareholders vote in favour of the transaction at the forthcoming Extraordinary General Meeting." |
Posted at 13/2/2005 16:45 by gateside I contacted the company at the beginning of the week, to ask "Why there was No Christmas Trading update?"They just said that there would not be one, and that the RNS from November still stands. So whoever is interested in the company, still are interested. Maybe talks have come further than I thought, hence the recent rumours and Friday's price rise. If the price does continue to rise, then i would have of thought that Merrydown will have to inform the market of futher details soon. |
Posted at 13/2/2005 13:51 by davehome I didnt hear the rumour I'm afraid. I thought a bid had gone in ages ago, so assumed that the rise in the price had some thing to do with other happenings. sorry about that. Steve61 |
Posted at 11/2/2005 18:07 by daveelectec Can anyone tell me why this share has gone up. I have owned them since the price was 47p and now they have jumped today. |
Posted at 04/2/2005 13:06 by gateside Price just moved for the first time in over 6 weeks on the back of a couple of nice big buys.Been a lot of retail selling over the last few weeks, and as there was no drop in price it suggested to me that there must be a buyer waiting in the wings. Coupled with the fact that there is going to be no trdaing update, suggests to me that the chances of a takeover are pretty high. |
Posted at 25/1/2005 07:01 by gateside 24 January 2005Issue of equity The Company has applied to the UK Listing Authority for 28,000 ordinary shares of 25p each, which were issued pursuant to the exercise of 1995 Executive Options to be admitted to the Official List, and to trading on the London Stock Exchange. These shares will rank pari passu with the existing ordinary shares of the Company and dealings are expected to commence on 28 January 2005. The issued share capital of the Company following this announcement is 21,605,514 ordinary shares of 25p each. |
Posted at 10/11/2004 14:48 by gateside 10 November 2004For immediate release Merrydown plc ('Merrydown' or 'the Company') Further to the recent share price movement, the Board of Merrydown confirms that it is currently in discussions which may or may not lead to an offer for the Company. These discussions are at an early stage and there is no certainty that a formal offer will result. Shareholders are recommended to take no action at this stage. A further announcement will be made in due course. The Board of Merrydown is being advised by PricewaterhouseCoope |
Posted at 04/11/2004 20:34 by gateside Hi daza70... good to know that you are still around and holding some MYWI still have a number of shares in MYW and FFY, which have done very well, but have sold my holding in SGI. I like WYN and RNSM for 2005. Good Luck with your investments. |
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