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SCO Scotty Grp

0.45
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Scotty Grp LSE:SCO London Ordinary Share AT0000A0V6L3 ORD EUR1 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.45 0.00 00:00:00
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 0.45 EUR

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Posted at 20/1/2021 07:30 by apsoo
If you put your email up here I will send you the process details so that you can reclaim 1Euro for each share held from the company.
Posted at 08/7/2020 18:25 by ladybird1
Apsoo I've been trying to contact SCO to find out what's happening on repayment. Your note suggests you have had definite news from them. Is that so, please?

Thanks.
Posted at 06/7/2020 14:22 by apsoo
The above is because Scotty are to begin the process of paying 1Euro for each share held to shareholders later this week, providing you sent off the application in November 2019 when it was announced.
Posted at 08/4/2020 09:10 by moving up
Does anyone know if Scotty Group still intend to go ahead with the cash refund in return for its shafted share holders!!
Posted at 23/10/2019 16:08 by andy
Moving up,


This all looks a bit odd, I would think most companies have shareholders they cannot identify, yet they are saying they need to identify everyone to comply with Austrian law?


Ok, there seems to be 2 choices, one is that you can cash out and receive Euro 1 per share you own, OR, you have to fund 1 Euro per share you own by the 29th October, and will receive a refund of this amount in June 2020!


So effectively they are receiving a loan, although whether or not they have use of that money is another matter.


If I were still a shareholder I would consider taking the 1 Euro per share rather than remain with a company in Austria, unless you are confident of their technology and feel they could really go places of course.


At least it's an opportunity to exit for some.......
Posted at 22/10/2019 17:45 by moving up
of
SCOTTY Group SE
company register number - FN 377850 m
Friedrich Wilhelm Raiffeisen-Straße 3, 7000 Eisenstadt
(hereinafter referred to as the "Company")
Decrease of capital
Due to the shareholders’ resolution passed by the extraordinary general meeting of the
Company on 23rd August 2019 to decrease the Company's share capital from EUR
1,454,460.00 to EUR 0.00 (with a subsequent increase in share capital), an amount of
EUR 1,454,460.00 will be paid out to the shareholders. For the purpose of the Company's
payment of the capital reduction amount to the shareholders in accordance with § 178
Austrian Stock Corporation Act (AktG), we request the shareholders not participating in
the capital increase to submit the following documents and information to the Company:
(1) As proof of its shareholder status, the deposit confirmation/safe custody receipt
(Depotbestätigung) pursuant to § 10a para. 2 Austrian Stock Corporation Act (AktG)
as of the record date 28th October 2019, in which the institution maintaining the
deposit confirms the shareholding of the Company, stating the deposit holder.
(2) Transmission of the completed form of the Company and a copy of an official photo
ID of the shareholder for the purpose of obtaining the information required for the
payment of the capital reduction amount by the Company to the shareholders. The
aforementioned form of the Company may be requested by fax: +43 316 409 426-528
or by mail: investor_relations@scottygroup.com.
Pursuant to § 10a (2) Austrian Stock Corporation Act (AktG), the deposit
confirmation/safe custody receipt (Depotbestätigung) as of the record date 28th October
2019 (reference date - Stichtag) must contain the following information:
(1) the issuer by stating his name (company) and address or a code customary in
interbank transactions;
(2) the shareholder by stating his/her name (company name) and address, in the case
of natural persons additionally the date of birth, in the case of legal persons if
applicable the register and the number under which the legal person is registered
in the country of origin;
(3) the number of the deposit, otherwise another description;
(4) the number of shares;
2
(5) the time or period to which the deposit confirmation/safe custody receipt
(Depotbestätigung) (reference date - Stichtag).
Increase of capital
At the aforementioned extraordinary general meeting held on 23rd August 2019, the
resolution to increase the share capital was also passed. We hereby request the
shareholders entitled to subscribe to exercise their subscription rights (Bezugsrecht) to the
new shares in order to avoid the subscription right expiring in the period from 29th
October 2019, 0:00 hours (CET), until 12th November 2019, 00:00 hours (CET)
("Subscription/Offer Period" [Bezugs-/Zeichnungsfrist]) via their depositary bank during
normal business hours or directly at the Company.
All shareholders of the Company were admitted to subscribe for and acquire the new
shares in proportion to their share of the existing share capital prior to the capital
reduction, so that each old share is entitled to one new share. For further information on
the exercise of subscription rights (Bezugsrechtsausübung) within the Subscription/Offer
Period, please contact the Company by fax: +43 316 409 426-528 or by mail:
investor_relations@scottygroup.com. We also hereby refer to the information published in
the Official Gazette of the Wiener Zeitung on 1st October 2019.
Note: Subscription rights not exercised in due time ("Subscription/Offer Period" [Bezugs-
/Zeichnungsfrist]) expire and will be deactivated after expiry of the Subscription/Offer
Period.
Eisenstadt, 27th September 2019
The Board of Directors
Dipl.Ing. Kurt Kerschat
Mag. Manfred Scharsinger-Traupmann
ISIN: AT0000A1PCL9
Posted at 22/10/2019 17:43 by moving up
Dear SCOTTY-Shareholder,



despite several attempts and urging SCOTTY Group SE still has a very high percentage of not registered shareholders which is already negatively effecting the operational business. In order to protect the business of SCOTTY we have started a process to reconcile the shareholder-structure. This process consists of a capital decrease to ZERO and a voluntary capital increase up to the existing share-capital. At the end of the process SCOTTY Group SE will have a shareholder register where we know 100% of the beneficial owners as legally required.



The information about the process was published in the Wiener Zeitung on October 1st, 2019 and additionally an information was sent via the OeKB (Österreichische Kontrollbank) to all Custodian banks with depots containing SCOTTY Shares with ISIN AT0000A1PCL9. This information is enclosed to this email.



This process makes it necessary that ALL shareholders (registered or not) have to declare themselves – in your case once AGAIN. Basically you have 2 options:



Option 1 – Remain shareholder

For this you have to sign for new shares. The existing shares (ISIN AT0000A1PCL9) will be cancelled after the capital decrease taking effect. To sign for new shares you have to send

1. a deposit confirmation with record date October 28th, 2019

2. completed form “Bezugserklärung”

3. completed form “Zeichnungsschein”

4. completed form “FormblattR21;

5. Proof of ID

You also have to pay in the nominal value for the new shares you sign for (1 share = 1 €). The nominal value of the existing shares (ISIN AT0000A1PCL9; 1 share = 1 €) will be paid out with the capital decrease after the minimum period of 6 months from the application to the company register. We expect the payment to be released in June 2020 to all existing shareholders.

Please note there is a deadline for this capital increase starting with October 29th until November 12th – this deadline includes the supply of the documents as well as the payment for the new shares.



Option 2 – Receive nominal value from capital decrease

If you decide not to register for new shares you will get paid the nominal amount of your existing shareholding from the capital decrease after the minimum period of 6 months from the application to the company register. In order to verify your existing shareholding you have to send

1. a deposit confirmation with record date October 28th, 2019

2. completed form “FormblattR21;

3. Proof of ID

To register for the decrease (and the payment later on) there is no direct deadline but we recommend to do this as soon as possible.



We hope this information is of value to you. If you have further questions please do not hesitate to contact us.



Best regards



Kurt Kerschat, CEO

Manfred Scharsinger-Traupmann, CFO
Posted at 22/10/2019 12:02 by moving up
Hi all existing share holders

have just received an email from Kurt Kerschat, CEO​ about what to with our shares!!

did anyone receive the same email and can anyone explain it more clearly

kind regards

moving up
Posted at 22/4/2017 14:29 by woodgate3
Think they plan a 1 for 2 capital increase at €1.9 per share (I believe).
Posted at 22/4/2017 13:35 by moving up
All gone quite re cash offer for us poor mortal share holders, sensible replies only please !!!!!
Scotty Group share price data is direct from the London Stock Exchange

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