Abal Group Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Abal Group Plc LSE:ABAL London Ordinary Share GB00BFMDJC60 ORD 0.002P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.85 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.85 GBX

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Date Time Title Posts
06/4/202010:40Ready and Abal980

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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 19/3/2020 16:41 by stark industries
The below should allow one to predict a potential MCap & Share Price
Where would 1 Trillion take this ?

SUPPLY@ME The portfolio achieved shown above:
implies a potential inventory under management value of roughly €909 million;
has a potential of generating at least €4.2 million of net servicing fee; and
has already generated €738k of down payments provided by companies.

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 28/12/2019 16:19 by stark industries
8 Capital Partners interest in Abal

Abal 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")Appointment of Joint BrokerThe Company today announces the appointment of Stanford Capital Partners as joint broker with immediate effect.For further information:Abal plc Tel: +44 (0)7717 436384 Simon Charles WH Ireland NOMAD and Broker Tel: 0117 945 3471 Mike Coe / Chris Savidge Peterhouse Capital (Joint broker) Tel: 020 7469 0936 Lucy Williams / Duncan Vasey Stanford Capital Partners Tel: 020 3815 8881 Patrick Claridge END
Posted at 26/6/2019 09:30 by stark industries
I think you all need to look into 8 Capital's website under the recent AGM notification dated 13th June 2019 and i believe you will find the answers there regarding ABAL's FINTECH RTO
Seems like its all there in black and white :)
i have not pasted the whole RNS but just the relevant snippets to dot connect :-


RNS Number : 1252C
Eight Capital Partners PLC
13 June 2019
Eight Capital Partners plc
("Eight Capital" or the "Company")
Notice of AGM
Eight Capital Partners plc announces that it has today posted the notice of Annual General Meeting
("AGM") to shareholders, to be held at 10.30am on 9th July at the offices of Cairn Financial Advisers
LLP, Cheyne House, Crown Court, 62-63 Cheapside, London, EC2V 6AX.

In September 2018 the Company invested €111,100 in an 8% bond in Finance Partners Group SPA
("FPG"). The Company has since reviewed a number of capital raising and investment opportunities
with FPG and has now agreed, subject to the conditions below, to proceed with a further investment
in FPG.
FPG is an Italian financial services company that, among other things, takes minority stakes in private
companies seeking future listings on public markets. It currently has shareholdings in two such
investee companies - The Avantgarde Group ("TAG") a fast growing fintech company, and We Arena
("WE"), a digital media gaming company.
IW Equity Partners Ltd ("IWEP") is a company connected to Eight Capital Partners' Chairman Dominic
White. IWEP owns a receivable of €4 million from FPG resulting from a sale of TAG shares to
FPG. IWEP has the right to convert the receivable into equity in FPG.
Eight Capital Partners has agreed to acquire half of the receivable asset from IWEP for a
consideration of €2 million with the right to convert it into FPG's equity. The Company will have an
option to acquire the remainder of the receivable from IWEP at the same price in the following six
months which it will also have the right to convert into FPG equity. This would result, if converted,
in a minority equity investment in FPG.
A shareholders' agreement will be signed between FPG and Eight Capital Partners to protect Eight
Capital Partners' position. As a further level of protection, Eight Capital Partners aims to sign an
option to acquire an additional tranche of FPG equity from that company's shareholders within the
following 12 months, which, if exercised would take the Company's shareholding to in excess of
FPG's investee company TAG has been valued by an international firm of accountants at €75 million.
Management have valued WE at €5 million. The value of the receivable from, and potential equity
holding in FPG would be greater than the acquisition price of the receivable at closing. TAG is in the
process of obtaining a stock market listing in a prominent European market. WE is in pre-IPO growth
phase and is expected to seek a listing in a comparably prestigious jurisdiction and exchange in
2020. The proposed strategy is for FPG to list these two subsidiaries, liquidate or redeem the shares
and return profits to its shareholders, including Eight Capital Partners, then repeat with other
Settlement of the IWEP Acquisition would be effected through a combination of the Company's
equity (up to a maximum of 29.9% of the issued ordinary share capital), and, a bond that would be
offered to a wider group of investors on the same terms. The exact combination of securities will
depend on several factors including the Company's ability to issue equity at the time of
closing. Should the Company not be able to issue equity it would issue a three-year convertible loan
note yielding 5% per annum. The price of conversion shall be the 5-day Volume Weighted Average
Price of the Company's shares at settlement.
The Board believes that the advantage of this transaction to Eight Capital Partners is as follows:
- If the receivable is converted into FPG equity, the investment provides
equity exposure to FPG and two of its subsidiaries that are expected to be
listed and provide a liquid exit.
- The pricing of the investment is considered attractive compared to the
estimated valuation of TAG, WE and FPG.
- The portfolio of assets managed by Eight Capital Partners will increase
significantly without having to fund acquisitions with cash, which may be
difficult to raise currently.
- The market capitalisation of the Company will increase which may help
to generate more liquidity in the Company's shares over time.
- Through successfully executing transactions such as this and creating
scale and more substance in the portfolio, there is the expectation that
Eight Capital Partners will become more attractive to investors, enabling
the Company to raise more capital and acquire other interesting assets in
exchange for cash and or its securities.
Mr Dominic White, a director of the Company, is connected to IWEP Limited. As a result, completion
of the IWEP Acquisition is conditional on the passing of this Resolution under Section 190 of the Act
as it is deemed to be a substantial property transaction. The transaction is subject to completing
contract negotiations.
Resolution 7
Resolution 7 seeks approval for a future share consolidation.
As at 12 June 2019 (being the latest practicable date prior to the publication of this document), the
Company had 633,257,818 ordinary shares of 0.01 pence each in issue ("Existing Ordinary Shares").
The Directors consider that it is in the best interests of the Company's long-term development as a
public quoted company to have a more manageable number of issued ordinary shares and to have a
higher share price.
Accordingly, it is proposed that the Company's share capital be reorganised such that:
every 100 Existing Ordinary Shares be consolidated into
1 new ordinary share of 1 penny ("New Ordinary Shares").
As all of the Existing Ordinary Shares are proposed to be consolidated, the proportion of ordinary
share holdings in the Company held by each Shareholder immediately before and immediately after
the Consolidation will, save for fractional entitlements which will be dealt with in accordance with the
Company's articles, remain unchanged.
The Company will announce a timetable for the proposed consolidation in due course.
Resolution 8
Resolution 8 authorises the Board to allot and issue shares in the Company or grant rights to subscribe
for or to convert any securities into shares in the Company up to 7,500,000,000 Ordinary Shares on a
pre-consolidated basis, such authority to expire at the next AGM or fifteen months after the passing
of this resolution, whichever date is the earlier. This represents a renewal of the Company's current
authorities. It allows the Company to raise further funds, noting its relatively small market
capitalisation, to make further investments.
Subject to the passing of Resolution 8, the Company is also proposing the following Special Resolution
at the AGM:
Resolution 9
The Companies Act 2006 (the "Act") requires that any equity securities issued for cash must first be
offered to existing shareholders pro rata to their holdings unless approval is obtained by special
resolution to dis-apply this requirement. It is proposed that this authority also be renewed for the
same period as the authority under Resolution 9. In order to retain flexibility to raise further capital
quickly to meet its funding requirements under its current projects as well as to be able to take
advantage of prospective new projects, the Company is seeking disapplication of pre-emption rights.
Resolution 10
Resolution 10 seeks authority for the Company to make market purchases of up to 94,988,673 of its
own Ordinary Shares (on a pre-consolidated basis), representing approximately 15% of the Existing
Share Capital. The resolution specifies the minimum and maximum prices which may be paid under
this authority. This power will only be used if the Directors consider that to do so would be in the best
interests of Shareholders generally and would increase the earnings per share or Net Asset Value of
those Ordinary Shares that are not re-purchased. Any such shares would be cancelled or held in
Resolutions 1-8 require over 50% voting in favour to be passed. Resolution 9-10 requires 75% to vote
in favour to be passed.
Mr Dominic White, a director of the Company, is connected to IWEP Limited. As a result, the IWEP
Acquisition, should it complete, would be a related party transaction.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 ("MAR"). Prior to publication, certain information contained within this Announcement was
deemed to constitute inside information for the purposes of Article 7 of MAR.
The directors of the Company take responsibility for this announcement.
Eight Capital Partners plc
Dominic White
John Treacy

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.

Abal share price data is direct from the London Stock Exchange
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