Amryt Pharma Share Discussion Threads

[bageo] 25/9/2019 18:36

Good interview, thanks for the link Bermudashorts.

alphabravo - I don't think his answer on nasdaq was cagey. He didn't answer "yes ... part of short term plans" to the nasdaq question which would have been the simple answer if true. He answered "a US listing" "part of short term plans" therefore he has kept the options open for himself which is sensible.

[bageo] 25/9/2019 18:32

Surely it depends on what your dealing terms are - T20, T2 or something else. When you are registered as the owner rather than the transaction date is the critical one.
This is consistent with documentation and xd dates or similar from other companies.

[sidam] 25/9/2019 17:11

Delta

Thanks for that maybe it is semantics, but the company said that you must hold the shares at close of play on Friday to get the CVRs. Did they mean that you had to be on the register, but could have sold early in the day.

Normally, I would have expected that the buyer could claim the CVRs.

However, I called the nomad and he said that the registrars took a copy of the register in the evening and those on it get the CVRs and buyers can’t claim them.

So butterfly’s enemy seems to be much cleverer than the rest of us.

I am going to make an official complaint as that is not correct by precedent.

[volsung] 25/9/2019 16:26

What happens if your stock is held in a SIPP? Do you still get CVRs. I've held these for a year or so now

[papillon] 25/9/2019 16:25

sp has held up well today.

[papillon] 25/9/2019 16:25

Thanks for clarifying that with Amryt, delta.

[delta0091] 25/9/2019 14:42

sidam

the crux of it all is simple... anyone who sold on friday or before will not be entitled to any CVRs if they are issued. Even if they do get them they will be reclaimed back, as they aren't legally entitled to them. There isn't really anything complicated about it.

ps i rang AMRYT and they confirmed what i have said. You must have held the stock by close of play Friday to be legally entitled to any distribution of CVR (if such a distribution is made).

[volsung] 25/9/2019 11:05

Got a shock this morning when I opened my SIPP and saw prices were not available for AMYT.
Is this a day long thing?

[alphabravo321] 25/9/2019 10:49

He was very cagey about Nasdaq, must be close

[bermudashorts] 25/9/2019 10:19

New interview with Jo Wiley below

Https://www.youtube.com/watch?v=GDRH35338W4

[positivitynicholas] 25/9/2019 05:08

There you go again Papillon telling people yet again about your little top ups and when and at what price. You just repeat yourself. We don’t care what you do but you seem to think we really do.
Do you think that we see you as a share guru? Papillon did this and that oh let’s copy him because after all he is the font of all share knowledge.

[papillon] 24/9/2019 23:45

Interesting, sidam. I presume that is why anyone who wanted to be absolutely certain of getting the CVR's, without any rigmarole, would have bought on Thursday 19th September, or before. Could that explain why the AMYT share price rose on Thursday 19th, but fell on Friday 20th?

Of course this is all academic for me because I topped up twice in the days following relisting (105p & 107p) and again a week, or so, ago (124p). Only small top ups, but then I'm only poor!

[sidam] 24/9/2019 22:25

Delta

The record date applies to the company’s register of members. If you are on the register on the record date you will be issued in this case the CVRs, but it could be a dividend. The fact that you are issued the CVRs does not mean that you are entitled to them, if you have already sold them, but you might be. The entitlement is subject to the date which the shares are quoted ex CVRs or dividend. These are often close together as the “market” does not want lots of claims being made. But they are not necessarily coterminous.

The register if members does get electronically updated, but on settlement date not on the dealing date. If the shares were held in paper form, it might not be changed on the register for 10 or more days. Normal dealings are T2, which means the actual change on the share register occurs after two days not on the dealing day.

[delta0091] 24/9/2019 21:37

"Only Scheme Shareholders entered in the register of members of the Company at the CVR Record Time, which on the current timetable is anticipated to be 8.00 p.m. on 20 September 2019, will be entitled to receive CVRs"

Https://www.amrytpharma.com/wp-content/uploads/2019/09/Admission-Document-August-2019.pdf

so if you sold on Friday, you will not have appeared on the register when it would've got updated at 8pm.

[delta0091] 24/9/2019 21:32

sidam.. no if someone sold on friday before close, they would NOT be entitled to the CVR. All holders that are on the register at 8pm on friday will be entitled.

Think about it, if someone sold 20,000 on Friday, and another person bought those 20,000 there after - are you saying both sets of holders (and ex-holder) will get the CVRs ? Obviously not as that would mean issuing double the allowable CVRs.

At 8pm the register would have got electronically updated - someone who sold on friday - or before, will not appear on there - someone who bought on friday and held on will appear on the register.

[papillon] 24/9/2019 16:19

Regarding the CVR's, sidam this is what yesterday's RNS states. It's categoric and the OFFICIAL line! The NOMAD has authorised yesterday's RNS so it must be FACTUAL. So anyone who sold on, or before, Friday the 20th September will not be recorded as a shareholder/member at 8pm on the 20th September, which was the CVR record date. It's as plain as a pikestaff to me. Hence mdalos will NOT receive any CVR's!

Here's the relevant extract copied from yesterday's RNS

"Scheme Shareholders on Amryt's register of members at the CVR Record Time, which was 8.00 p.m. on 20 September 2019, will be entitled to receive three types of contingent value rights ("CVRs") in New Amryt for each Amryt Share held at that time"

[positivitynicholas] 24/9/2019 14:58

You are an annoying and antagonistic human being Papillon and yet some people defend you on here. Just read your last post winding someone up for the sheer hell of it. What a p

[papillon] 24/9/2019 12:08

baloo99
22 Sep '19 - 13:29 - 4963 of 4979
0 1 0
According to the Admission Document published on 27 August, the CVR record time was 8 pm on 20 September. Assuming that arrangement stands, only the shares that you still held on 20 September at 8 pm will be eligible for the CVRs.

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The contents of baloo's post were confirmed by this extract from yesterday's RNS:

"Scheme Shareholders on Amryt's register of members at the CVR Record Time, which was 8.00 p.m. on 20 September 2019, will be entitled to receive three types of contingent value rights ("CVRs") in New Amryt for each Amryt Share held at that time"

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So you were wrong, mdalos. You will NOT hold any CVR's because you sold all of your AMYT shares on and before the 8pm 20th September deadline. I'm rather surprised we haven't heard from you recently. In fact you appear to have almost disappeared this week since are a prolific poster, but appear to have gone missing for the last few days only making one post yesterday on MIRL, according to your posting history.

[papillon] 23/9/2019 21:37

This is a "dead" thread, chica. I've given my answers to your questions on the "live" thread.

[alphabravo321] 23/9/2019 18:33

Bye bye Amryt...hello New Amryt

[papillon] 23/9/2019 17:50

You've just posted on an "obsolete" thread, chica.

Here's your post. I've transferred it to this thread.

chica1
23 Sep '19 - 16:26 - 123 of 123
0 0 0
Oh ok Thanks.
How do they keep track of shares ownership?
I have mine in my brokerage account.
Another question
What of the voucher Amryt gets if AP101 gets approval.If they sell it wouldn't be valued at a similar amount.

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If you have your shares in a broker's nominee a/c your broker will just substitute the new shares for the old ones. No need to worry.

They'll probably sell the voucher for the best price they can.

[chica1] 23/9/2019 16:26

Oh ok Thanks.
How do they keep track of shares ownership?
I have mine in my brokerage account.
Another question
What of the voucher Amryt gets if AP101 gets approval.If they sell it wouldn't be valued at a similar amount.