Assetco Share Discussion Threads

[caledoniaman1] 25/7/2011 12:01

deanroberthunt - renamed dean the complete donut DOH !!!!!!!!!

[deanroberthunt] 25/7/2011 12:00

ok, fair cop.... :)

[comedy] 25/7/2011 11:56

lol a nice crack over 5p tomorrow or today??? then 10p or back down??? onwards the cowboys and the bravehearts.:)

[linslader] 25/7/2011 11:55

Lol you really are the biggest jockey on ADVFN

[deanroberthunt] 25/7/2011 11:54

i'm here and i bought some at 2.4p ....

change with the news...

[linslader] 25/7/2011 11:53

Where's Isaac ?

[treacle32] 25/7/2011 11:47

Holding for 5p+ tomorrow or even 10p by end of the week imo.

[5hakey] 25/7/2011 11:47

heeeeeeeeee haaaaaaaaa

[comedy] 25/7/2011 11:35

watch it crack off and shorters are going to be rogered?:)

[aishah] 25/7/2011 11:32

significant dilution for shareholders

[5hakey] 25/7/2011 11:18

Added more this is great news

[someuwin] 25/7/2011 11:14

Should be a LOT higher now.

[5hakey] 25/7/2011 10:59

it's not going bust happy days

[someuwin] 25/7/2011 10:51

£10m - wow!

[treacle32] 25/7/2011 10:43

Brilliant news, 10p in the short-term imo.

[topinfo] 25/7/2011 10:19

DJ AssetCo PLC Update

TIDMASTO

RNS Number : 9741K

AssetCo PLC

25 July 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO OR FROM, ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE TAKEOVER CODE (THE "CODE"). IT DOES NOT REPRESENT A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.5 OF THE CODE. ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE.

Proposed investor plan for refinancing and restructuring of AssetCo

Update on potential Offer

AssetCo plc ("AssetCo" or the "Company")

Further to the announcement made on 21(st) March 2011 in regard to the provision of additional working capital, the Board of AssetCo has been in discussions with certain of its major stakeholders (being North Atlantic Value LLP, a part of the J O Hambro Capital Management Group, Utilico Investments Limited and Henderson, which incorporates the interests of Gartmore Investments Limited), together the "Investor Group", who have remained supportive of the Company. As a result, the Board is pleased to announce it has received a refinancing proposal from the Investor Group that would involve, inter alia, a GBP10m equity injection into the Company and compromises with certain creditors of the Company to be implemented through a scheme of arrangement. It is anticipated that certain other existing institutional shareholders in the Company will also be allowed a participation in this equity fundraising. It is expected that this proposal will require shareholder approval.

At the Group level, the strategy will be to focus on developing the Middle-East business into a leading emergency services platform and on running the London and Lincoln contracts. The refinancing proposal to be approved by shareholders will involve the ring-fencing of the LFEPA Contract, for the benefit of the London subsidiary lender group, although shareholders will retain an interest in any residual value. The Investor Group intends that following this fundraising, the Company will continue to be listed on AIM. If implemented, these proposals would involve material write downs for banking creditors and preference shareholders and significant dilution for existing shareholders.

The Company and the Investor Group will continue to seek the necessary agreements from the banks and creditors of the Group and will seek a further adjournment of the Administration application at the Court Hearing on Monday 25(th) July 2011.

In addition, discussions with a potential offeror have reached a very advanced stage but we have not been able to reach agreement, and as the potential offeror also needs to reach agreement with the banks, there can be no certainty that there will be an offer for the Company.

This is an announcement falling under Rule 2.4 of the Code. It does not represent a firm intention to make an offer under Rule 2.5 of the Code. This announcement is made without the consent of the offeror and, accordingly, there can be no certainty that an offer will be made nor as to the terms on which any offer might be made.

Enquiries:

AssetCo plc

Tudor Davies: [phone]

Arden Partners plc

[shareho1der] 24/7/2011 22:39

those issuing forms 8.3 and 8.5 RNS have already given up on this dog.

[5hakey] 24/7/2011 20:54

loan will be paid off

[linslader] 21/7/2011 21:20

Lol really ? Do the ramp police ever patrol ADVFN, they could fill Wandsworth prison ten times over. Whatever next I wonder.

[timeismoney] 21/7/2011 21:15

5hakey be careful: stating facts that aren't true to ramp a share is not legal