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Augean Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Augean Plc LSE:AUG London Ordinary Share GB00B02H2F76 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 371.00 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 0 371.00 GBX

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Augean Forums and Chat

Date Time Title Posts
03/11/202115:45Augean PLC - A little company with a big future.2,612
12/10/200618:09Augean PLC - A little company with a big future2
27/9/200410:29August Tipster Result6

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Augean (AUG) Top Chat Posts

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Posted at 03/11/2021 11:45 by lbo
Still scheme shares in the account just now but they have until close of business today according to the RNS?Under the terms of the Scheme, Scheme Shareholders on the register of members of Augean at the Scheme Record Time (6.00 p.m. on 19 October 2021) will be entitled to receive 372 pence for each Scheme Share held at the Scheme Record Time. Scheme Shareholders' cash consideration under the terms of the Scheme will be settled or dispatched, or, in the case of any Scheme Shareholder that holds Scheme Shares in uncertificated form (that is, in CREST), transferred to such person through CREST, by no later than 3 November 2021.
Posted at 23/9/2021 17:14 by harry rags
In accordance with the Auction Rules, MSIP Bidco and Eleia Bidco are prohibited from further revising the price of their respective offers for Augean made pursuant to the Auction Rules unless a third party announces a firm intention to make an offer for Augean. Accordingly, it is expected that the MSIP Auction Offer will lapse on 1 October 2021 in accordance with the Conditions as set out in the Scheme Document.
Posted at 22/9/2021 21:49 by harry rags
THE TAKEOVER PANELOFFERS BYANTWERP MANAGEMENT LIMITED, A COMPANY INDIRECTLY OWNED BY FUNDS MANAGED OR ADVISED BY MORGAN STANLEY INFRASTRUCTURE INC., AN INDIRECT SUBSIDIARY OF MORGAN STANLEY,("MSIP")ANDELEIA LIMITED, A COMPANY INDIRECTLY OWNED BY A CONSORTIUM CONSISTING OF INVESTMENT FUNDS MANAGED BY ANCALA PARTNERS LLP AND FIERA INFRASTRUCTURE INC., ("ELEIA")FORAUGEAN PLC ("AUGEAN")On 16 September 2021, the Panel Executive announced that, in accordance with Rule 32.5 of the Takeover Code, it had established an agreed auction procedure (the "Auction Procedure") for the resolution of the competitive situation in relation to Augean.The Auction Procedure has ended and the offers of MSIP and Eleia following its conclusion are as follows:MSIP: Eleia:22 September 2021361 pence per Augean ordinary share 372 pence per Augean ordinary shareTHE PANEL ON TAKEOVERS AND MERGERS ONE ANGEL COURT LONDON EC2R 7HJ TEL. 020 7382 9026
Posted at 11/8/2021 16:40 by pdosullivan
Very interesting share price developments today
Posted at 05/8/2021 11:16 by dearg doom
Holding back from offering my Augean stock to the market, just in case of another bid.

Of course, I'd like to see a bidding competition. How likely is probably small if at all. Even, happier to stay involved with a share offer.

Other companies did have plenty of time to consider a bid. Maybe HMRC clouds it for other bidders. Had thought of Augean as an acquirer and not a target itself.

Will watch for RNSs daily to see how events unfold happen. Nothing changes will probably be the worst that will happen.

Posted at 04/8/2021 21:21 by kinwah
I've noticed the BIFF share price has been very strong over the last few months despite my profit-taking. I wonder if they might fancy a tilt at AUG with a part paper part cash offer.
Posted at 03/8/2021 09:51 by gargoyle2
Gresham House Strategic (GHS) deputy manager Laurie Hulse has said a takeover battle could erupt at Augean (AUG) after the waste management business’s board recommended a 280p per share cash offer late on Friday.

The bid from an infrastructure-focused subsidiary of Morgan Stanley values the company at approximately £294m and the shares at a nearly 21% premium to their level of 284.5p in late May, before talks began.

Hulse said GHS, a £55m investment trust, had first invested in Augean in 2017, when the business became distressed after a period of average operational management, followed by an investigation by the taxman.

‘Our conviction in the business came from our support for executive chairman Jim Meredith’s recovery strategy of simplification and disposal. After conducting specialist tax due diligence, we also concluded the market may have overreacted to the HMRC landfill tax investigation,’; he said.

Gresham House said the 280p offer price represents a 590% return on the trust’s investment. Depending on the outcome of a tax claim, up to a further 20p per share of loan notes could be also issued.

‘Given the attraction of the operating model, the level of wider private equity bid activity and the valuation Augean trades on, it would not be surprising to see other interest,’ said Hulse.

Posted at 02/8/2021 20:32 by reabank
Haven't seen anything in the press beyond pro forma rehashes of the stock exchange announcement - Augean gets very little publicity. Given the share price today has settled at about the true value of the offer doesn't seem any great expectation of a counter - bid. Hopefully something will turn up.
Posted at 23/7/2021 14:53 by morton2011
The tax tribunal was for a part of the tax claim for pre 2016 materials that HMRC wanted higher rate landfill for. Augean had paid lower rate but started paying higher rate in 2016 following new guidance end of 2015. So it has little impact on future underlying earnings.HMRC could not appeal, pay up and the rest of the case continues.It makes the value of Augean simpler to assess as wining is a one off payment of £16 million approx + cost recovery paid back to Augean and thus gets added to the price a buyer could pay. If it is appealed up to a buyer to make their own assessment, the Board will maintain (rightly) it expects to be paid and that should be reflected in the offer.
Posted at 23/4/2021 06:58 by lbo
He sold 1m last year too and the share price went higher after.

21 March 2019

Augean plc

("Augean" or " Company")

PDMR Dealings

The Company has been notified that on 20 March 2019 Roger McDowell, Non-Executive Director, sold 1,000,000 Ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") at a price of 97.5 pence per Ordinary Share. Following this transaction Roger McDowell holds 3,000,000 Ordinary Shares in the Company, representing 2.88% of the total issued share capital.

Augean share price data is direct from the London Stock Exchange
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