Antrim Egy Share Discussion Threads

[ohisay] 30/7/2019 03:17

3.43p per share atm assumimg 5.5c as sterling does its Thelma and Louise ending.

[fardels bear] 30/7/2019 00:11

Well I've made seventy odd quid on the arbitrage over the last week. So I owe Boris a pint.

[enfranglais] 29/7/2019 16:24

For the information of anyone else who used Barclays Stockbrokers, before they changed to the (so called) Smart Investor:
I pm`d smart investor & was told (as above), that as the holding (100k) was held in a private clients, custody only account & to write to them at:
Barclays Stockbroker,
Tay House,
300 Bath Street,
Glasgow,
G24LH.
As they are totally incompetent, i also sent them instruction to which account the monies should be sent to on receipt & instructions to close the custody only account on transfer of the funds.
Their incompetence is advertised by the fact that i have been receiving quarterly consolidated valuation reports for this one shareholding, which have each stated:
QUANTITY 100,000
BOOK COST 326,200,000 CAD
UNREALISED GAINS GBP 178,984,910.84!!!!!!!!

I did state in my letter, that as you expect me to realise gains of nearly £179 million, perhaps you could arrange a call from one of your wealth advisers, so we can discuss how to invest the proceeds & mitigate any capital gains tax!!!!!!LOL

[alexkevin] 26/7/2019 19:08

Risky....just for info....the shares I have in Barclays are not on my acct. but have been removed and are held in non trading "custody only" acct. Probable Selftrade have a similar facility.....

[itsriskythat] 26/7/2019 16:49

alexkevin, thanks for a quick response.

I can’t see my shares in my holdings as Selftrade has removed them from my holdings.

I’ll send Selftrade a message for Monday and ask if it can be confirmed with the Antrim share registrar that I’m on their list.

[alexkevin] 26/7/2019 14:51

Hi risky.....Contacted both Barclays and Share centre, both of which hold shares on my behalf......no reply although I can see the shares are there and presumably awaiting payment. If they're asleep on the job....not so surprising maybe.....I guess I'll have to try and wake them up after 1st August.
Holding judgement until then.....
Good luck

[itsriskythat] 26/7/2019 13:04

I have a couple of questions ..

"Beneficial shareholders should contact their broker, custodian or intermediary through which they hold their common shares for further details regarding the distribution."

Is everyone waiting for another announcement by the administrative agent on 1st August or just after before contacting their broker?

Has anyone contacted their broker already and can share any response?

[fardels bear] 24/7/2019 14:29

First August I thought.

[seangwhite] 24/7/2019 14:17

Any idea of a payment date or is Potter away on his hols

[ohisay] 24/7/2019 04:21

3.37p per share atm assuming 5.5c.

[itsriskythat] 16/7/2019 14:04

Watching the pound keep on falling ... hopefully will be some benefit to the distribution.

[oilretire] 01/7/2019 20:35

Finally. Just got the email from potter, thankfully the cash hasn't been squandered whilst we waited :-)

[dougdig] 01/7/2019 19:53

Just had email response from Mr Potter with copy of Press Release posted on legacy Antrim website - looks same as posted above.
Roll on 1 August!

[hugepants] 30/6/2019 17:18

Result at last! I wonder if we'll be given an explanation for the time this has taken.

[flyfisher] 30/6/2019 15:24

You are likely to have made a return of around 30%, about 10% p.a.
A decent arbitrage return.

[itsriskythat] 30/6/2019 12:42

I bought far too many shares in Aug 2016.

This distribution will enable an easier lifestyle at long last. I intend to take the cash through drawdown from a SIPP.

Did I expect to wait three years? Definitely not.

[dougdig] 30/6/2019 12:35

Thanks everyone - hardly a fortune but roll on 1 August! Yay!!

[deans] 30/6/2019 07:15

Thank you hop from me as well.

[ohisay] 30/6/2019 05:36

Chances are Sterling likely to have fallen a little further against the Canadian dollar by then - so should be a plus.

[flyfisher] 29/6/2019 19:26

Better than i expected, but why does it take a month to distribute it.

[fardels bear] 29/6/2019 18:52

I think we can confidently say that at five and a half cents it didn't fulfil its early promise. Over four quid these were at one time.

[kev0856153] 29/6/2019 17:56

thanks to hop53ton for this


Update on Distribution to Shareholders of Antrim Energy Inc.
Email Print Friendly Share
June 28, 2019 20:06 ET | Source: 2015960 Alberta Ltd.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

CALGARY, Alberta, June 28, 2019 (GLOBE NEWSWIRE) -- The administrative agent for Antrim Energy Inc. ("Antrim" or the "Company") (former stock symbols: TSXV:AEN and AIM:AEY), 2015960 Alberta Ltd. (the "Agent"), is pleased to confirm that it has now received the requested tax clearance certificates from the Canada Revenue Agency and Alberta Tax and Revenue Administration. Final arrangements are currently being made for the Company’s remaining funds to be distributed by the Company's transfer agent, AST Trust Company (Canada) (formerly known as CST Trust Company), to the final shareholders of the Company.

If shareholders hold their common shares of Antrim with a broker, custodian or other financial intermediary, the distribution will be made electronically by the Company's transfer agent to the accounts of the applicable brokers, custodians and intermediaries. For registered shareholders of Antrim (i.e. who hold physical share certificates), Antrim's transfer agent will deliver payment by cheque.

It is anticipated that the distribution will be made on or about August 1, 2019. As previously announced, the estimated amount of the distribution is $0.055 CDN per common share (based on 184,731,076 shares outstanding).

Antrim voluntarily dissolved on April 26, 2017 following receipt of shareholder approval and shortly thereafter, ceased to be a reporting issuer in all Canadian jurisdictions. Post dissolution, administrative matters regarding the dissolution were handled by the Company's administrative agent, 2015960 Alberta Ltd., which included applications for applicable tax clearance certificates from the Canada Revenue Agency and the Alberta Tax & Revenue Administration and to co-ordinate the Distribution with the Company's transfer agent, AST Trust Company (Canada).

Shareholders of Antrim are hereby advised that, following the distribution, the common shares will no longer have any value. Shareholders should consult with their personal tax advisors regarding the tax implications of the information contained in this press release. Beneficial shareholders should contact their broker, custodian or intermediary through which they hold their common shares for further details regarding the distribution.

For further information please visit Antrim's SEDAR profile at www.sedar.com or contact:

Anthony Potter
2015960 Alberta Ltd.
Email: [e-mail]
Telephone: + 1 403 264 5111

[kev0856153] 29/6/2019 17:56

Fantastic news I had written this one off but its going to end well

[itsriskythat] 29/6/2019 16:00

Distribution at 5.5c per share.

Using FX C$1.66 (not long ago C$1.76 before the fall in Sterling, and the lower Sterling goes the higher the payment), currently a distribution ~3.3p per share.

Expected date is 1st August.