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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abal Group Plc | ABAL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.85 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.85 |
| Top Posts |
|---|
Posted at 20/3/2020 16:03 by bigboss13 Abal Group plc provides further details relating to the General Meeting of the Company held earlier today, during which all resolutions put to shareholders were duly passed. The Acquisition and proposed name change, together with other matters as set out in the Circular sent to shareholders dated 4 March 2020 can now proceed to completion. Admission of the Enlarged Share Capital to trading on The London Stock Exchange's Standard List, which is the final condition to completion, is expected to occur on Monday 23 March 2020 ("Admission"). |
Posted at 20/3/2020 13:32 by godolphin Listing Monday code SYME |
Posted at 05/3/2020 09:07 by godolphin Here's the associated rns |
Posted at 05/3/2020 08:52 by bigboss13 So for holders what does the equate to in terms of shares?Each abal share was 0.80p I believe |
Posted at 05/3/2020 08:27 by godolphin Rough figures. Abal will issue 32b shares to buy supply@me for £234m. Then a few shares for cash. The Avantgarde Group end up with 73% so the 25% free float is achieved assuming that they are the only insiders - which surprises me.I have no idea if £234m is a sensible valuation, but the institutions seem to accept it and are investing for cash at a slightly higher price. March 23rd scheduled for on the market! |
Posted at 07/2/2020 10:19 by franco colli It is currently anticipated that trading in the Company's shares will not resume until the transaction with Supply@Me is completed and the Company has been successfully admitted to the Standard List. In the meantime, Abal confirms that the cancellation of the admission to trading of the Company's ordinary shares on AIM will take effect from 7.00 a.m. on 7 February 2020, in accordance with AIM Rule 41. |
Posted at 28/12/2019 16:19 by stark industries 8 Capital Partners interest in AbalAbal Group plc: The Investment in Abal Group plc (AIM: ABAL) comprises 22,256,725 ordinary shares of 0.002p representing approximately 22.0 per cent of the company's share capital. Conversion of Abal Group loan notes In January 2019, the Company converted the convertible loan notes in Abal Group plc into 8,311,270 ordinary shares in the company, bringing the Company's interest to approximately 22.6 per cent. of the company's issued share capital. On 10 January 2018 the Company sold 600,000 shares in Abal Group for a consideration of £8,000, bringing the Company's interest to approximately 22.0 per cent. of the company's issued share capital. |
Posted at 13/11/2019 12:25 by chimers Get yer snow shovels out your gonna need them for the avalanche of paper.The Agreement, which was entered into on 26 September 2019, provides for the Company to acquire the entire issued and to be issued share capital of Supply@ME from the sellers for a consideration to be settled entirely by the issue of new ordinary shares in the Company. These new ordinary shares will be issued at a price of 0.6756 pence per share, being the volume weighted average price of an Abal ordinary share over the 5 business days preceding the date on which its shares were suspended from trading on AIM. No cash or other consideration will be payable by the Company. The value of the consideration to be paid, that is to say the number of new ordinary shares to be issued by Abal to the sellers of Supply@ME, will be linked and referable to the terms of the proposed placing to be undertaken by the Company and is currently therefore uncertain. The Agreement is conditional on a number of matters, including completion of the proposed placing, shareholders' approval and completion of all necessary regulatory permissions, and the admission of the entire issued and to be issued (in respect of the Acquisition and the proposed placing) ordinary share capital of the Company to the Official List (standard segment) of the UK Listing Authority (the "Standard List") and to trading on the Main Market of London Stock Exchange Plc, for which application is expected to be made in due course. There can be no assurance that all or any of the conditions to the Agreement will be satisfied and accordingly there can be no assurance that the Agreement will complete in accordance with its terms or at all. |
Posted at 13/11/2019 07:14 by stark industries Abal Group PLC Appointment of Joint BrokerSource: UK Regulatory (RNS & others)TIDMABALRNS Number : 1734TAbal Group PLC13 November 2019Abal Group plc("Abal" or the "Company")Appointmen |
Posted at 14/6/2019 10:41 by godolphin Below is what ECP said about ABAL in their figures. They've gone to 22% (after converting) this year and share a director (Treacy) who is also a director of BOU. Mkt Cap still below cash, though I would like them to confirm how much cash they actually have eg. did they get the extra CAD$800k or not?Abal Group Plc (formerly Imaginatik Plc) In October 2018, Eight Capital invested GBP250,000 in Abal Group plc (formerly known as Imaginatik plc), a software as a service (SAAS) business, and a leading player in the corporate innovation solutions software sector in the UK and US. The tech company's client list includes ExxonMobil, Altria, TD Bank, Sodexo, Caterpillar, and Cargill. Abal is listed on AIM London. Eight Capital invested through a mix of equity and convertible debt with warrants attached. The market capitalisation of the company at investment was approximately GBP540,000. Since Eight Capital became the cornerstone investor, Abal has raised capital, cut costs and repositioned itself for the sale of its assets. In January 2019 Eight Capital's board representative oversaw the sale of Imaginatik's assets to a Canadian buyer from the same sector, for a consideration of up to $2.5 million ($1.7 million on completion and up to a further potential $800,000 post completion). The company was rebranded Abal Group Plc. Following the asset sale, Abal (now an AIM quoted Cash Shell) is looking at a selection of new potential acquisitions. Eight Capital and Abal's management are working hard to source and execute a suitable transaction in order to generate a positive return for Abal's shareholders. Eight Capital could then exit the investment in Abal to crystallise its return. |
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