Aston Martin Lagonda Glo... Share Discussion Threads

[puffintickler] 17/1/2016 20:35

Yes, our cash has been better tied up in Amlin than re-invested, but it is taking an age.

[speedsgh] 14/1/2016 08:44

agreed. silver linings though + all that ;o)

[spob] 14/1/2016 08:41

Well yes no desparate need for it

plenty of cash waiting already

but that's not the point

4 months is ridiculous

[speedsgh] 14/1/2016 08:37

At least your money is immune from the current market sell-off while it is sat here!

[spob] 14/1/2016 08:28

over 4 months now

Come on Amlin

Hurry up !

[speedsgh] 24/11/2015 12:11

We are basically still waiting for the date of the Court Hearing to sanction the Scheme (currently guiding sometime in Q1 2016). The effective date of the Scheme should be a few days after sanction. Takeover proceeds to be received c14 days after the effective date.

Final Results of the Amlin Court and General Meeting -

"Subject to the satisfaction or waiver of the other Conditions set out in the Scheme Document and the sanction of the Scheme by the Court, the Scheme is expected to become effective during the first quarter of 2016."

Scheme Document -

Court Hearing to sanction the Scheme = a date expected to be in early 2016, subject to regulatory clearances ("D")
Last day of dealings in, and for registration of transfers of, and disablement in CREST of, Amlin Shares = D+1
Suspension of listing of, and dealings in, Amlin Shares = 5.00 p.m. on D+1
Scheme Record Time = 6.00 p.m. on D+1
Effective Date of the Scheme = D+2 – D+9 ("S")
Delisting of Amlin Shares = By 8.00 a.m. on S+1
CREST accounts credited in respect of proceeds for uncertificated Scheme Shares = By S+14
Cheques despatched in respect of proceeds for certificated Scheme Shares = By S+14
Long Stop Date = 8 June 2016

[samtron_18] 17/11/2015 15:43

Anyone have any idea when the takeover will be completed? Heard early next year but nothing any more specific

[deadly] 30/10/2015 10:23

The Court Meeting and the Amlin General Meeting are scheduled to be held at 11.00 a.m. and 11.15 a.m. respectively on 3 November 2015 at the London offices of Amlin

[gj2] 01/10/2015 21:36

Circular expected within 28 days of the announcement of the Mitsui offer - I make that next Tuesday (6th October).

Geoff

[speedsgh] 21/9/2015 13:18

Anyone have any idea on the timescales for the proposed takeover yet? AFAICS we are still waiting for release of a shareholder circular in relation to the takeover which was announced on 8/9.

[speedsgh] 09/9/2015 22:08

Mitsui Sumitomo £3.5bn offer for Amlin could lead to a ‘feeding frenzy’ for non-life insurers -

[redips2] 08/9/2015 14:36

Well how nice ! Just going to wait for my divi and the loot........give me time to ferret out another winner .

[speedsgh] 08/9/2015 14:01

Competing bid unlikely imo. Reckon it's a done deal.

EDIT - Would love to be proved wrong though!

[rcturner2] 08/9/2015 13:49

post 423 for me

;-)

[spob] 08/9/2015 13:47

Looking back at previous posts

I rather like 407 ;-)

[gregsc] 08/9/2015 13:41

Any chance of a competing bid?

[hooley] 08/9/2015 13:35

As I noted in 389 on the 23rd April, this coy is over capitalised and hence the bid. I took a fat divi then. I didn't expect the Japs to take the bait!

[rcturner2] 08/9/2015 10:59

I also hold KCOM.

[rcturner2] 08/9/2015 10:58

no problem

I have used this website for a few years now:

[tomrob] 08/9/2015 10:42

Thanks for the suggestion, I'll take a look.

[rcturner2] 08/9/2015 10:04

tomrob, similar problem

so many income plays have been taken out

i quite like PHNX, think they may get taken out too eventually

[tomrob] 08/9/2015 10:03

How am I supposed to build an income portfolio for my wife's ISA?
First Catlin now Amlin?
She's thanking me for the capital appreciation but that wasn't the idea.

[grahamite2] 08/9/2015 09:34

GJ2, I don't know - goodness knows it's early days yet - but you'd think any competent advisers would make sure a loan note alternative was on offer.

[rcturner2] 08/9/2015 09:25

Happy days, everyone's a winner.