BNN Technology Share Discussion Threads

[marmar80] 09/2/2018 12:05

PC, I was in doubts.. Let us know if you know anything else.

[perfect choice] 09/2/2018 12:05

Some people will want their cash now and cannot wait I guess. I don't need cash for what shares I have and uncertainty of value, so prefer to wait and see what the new combined business can deliver.

Happy with that RNS versus BNN being completely dead and shares worth nothing (assuming deal is made that is).

[marmar80] 09/2/2018 12:02

Why to set up matched bargain (cert required and no current price visible) if there is a chance to sell them without hassle once all or part of the business is acquired by US company?

[perfect choice] 09/2/2018 12:02

Exactly in line with expectations, even mention of two US listed companies which I was made aware of last night. Negotiations still ongoing so not going to have too much detail until concluded and hopefully deal made which MH seems confident will happen.

I'm inclined to run with this rather than the "matched bargain arrangement". The new business could actually progress China operations well versus failed old management. Will see what details come out in due course.

[redhill9] 09/2/2018 12:01

Here is the RNS. I'd suggest much better than anyone was anticipating?

RNS Number : 4652E
BNN Technology PLC
09 February 2018

9 February 2018

BNN Technology plc

("BNN Technology", the "Company" and, together with its subsidiaries and entities that are controlled by the Company, the "Group")


Corporate Update and De-listing from AIM


The Board of BNN Technology today announces it has not appointed a replacement Nominated Advisor and the Company's ordinary shares will be de-listed on AIM effective 07:00 on Monday 12 February 2018.

The Company is now at an advanced stage of discussions with two US listed companies with the objective of closing a deal which if delivered should greatly enhance shareholder value.


These discussions currently centre around the acquisition of all or large parts of the Group. The Board has chosen a leading US investment bank to assist with this process and expects to formally appoint them in the coming days.

The Board believes that in pursuing these opportunities they are acting in the best interests of shareholders and stakeholders alike. The Board anticipates being able to update its shareholders shortly and will do so on Company's news page, at hxxp://www.bnntechnology.com/news-and-presentations. Shareholders can also register for email alerts by contacting [e-mail] / [e-mail].


The Directors intend, following the cancellation and de-listing from AIM, to set up a matched bargain arrangement to enable Shareholders to trade their existing holdings of ordinary shares. Further details of this arrangement will be provided to shareholders in due course.


Mark Hanson, Chairman of BNN, said: "We would like to reassure our shareholders that whilst the process of concluding these deals is complicated, these discussions have been ongoing for many weeks now and I am pleased to report that the considerable progress made to date, gives me the utmost confidence that a deal will be agreed soon"

This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").


ENDS

[littlealbatross2] 09/2/2018 12:01

Any guesses who might be the 2 listed companies?

[balance1] 09/2/2018 12:01

If the company has stated that these deals "will greatly enhance shareholder value" that clearly implies that the shares will be worth than they were suspended at, which is a very good outcome in the circumstances. Hopefully the deals will include senior people, and perhaps a US listing.

[highasakite] 09/2/2018 11:59

Told you all. Delisting.

[ripplevale] 09/2/2018 11:58

Time to back Mercers nag in the Betfair Hurdle 3.15 tomorrow.

Odds of the US deal much better than Zalvados at 50/1.

[balance1] 09/2/2018 11:55

Well done Mr Hanson

[andy] 09/2/2018 11:51

PJ,

I'm not sure about that.

[pj 1] 09/2/2018 11:51

Better than most feared?

[newmanontheblock] 09/2/2018 11:50

Lordy. At last an RNS. But little information! FFs!! It's like being dumped by a girlfriend. You are her why, and she never tells you the whole story!!'

[andy] 09/2/2018 11:44

PJ,

The delisting time was 18.00 tonight.


The RNS just out makes that academic of course.

Just when you thought there would be some certainty, more uncertainty arrives!

Now I can see why DM is still with the company.

[iveson] 09/2/2018 11:40

RNS out delisted and off to America

[and11] 09/2/2018 10:16

PJ1 why chase the old Nomad to confirm what was stated in an rns...We know they resigned! The bigger question is what was to follow for BNN. Clearly at the moment nothing. So us shareholders have to wait it out. nothing further to add at this point....

[iveson] 09/2/2018 10:01

Think you will find it is before market opens on Monday for RNS for what it's worth

[pj 1] 09/2/2018 09:55

I note CTAG nomad quit from the 27/2/17. The delisting RNS came out on the 28th March.

I assume then BNN does have until close of Business today.

However, it should be noted that it is POETS day

Its strange the perma Bulls didn't do any digging?

I have also phoned the (ex?) NOMAD, who confirmed they had quit, but could not confirm the exact time and date of end of notice.

Its strange the perma Bulls didn't do any digging there either?

Maybe they need their 'Mate' who knows a 'large' holder to confirm?

[newmanontheblock] 09/2/2018 09:46

If RTO is on the cards, cannot see current IIs agreeing if it is going to be at a really knock down price?! Think, if true, this route was preferred by new chairman for long term prosperity of current shareholders...rather than putting lots of effort into finding new NOMAD etc. Etc etc. Makes a lot of sense getting into BNN into US markets...albeit it will disappear into new company. For us shareholders, just depends now on the price

[delboy39] 09/2/2018 09:43

Dennis ..
😂
Brilliant !
Let’s hope in lands in New York today

[balance1] 09/2/2018 09:42

Looks like BNN can't even be bothered to announce it has been delisted.

[delboy39] 09/2/2018 09:42

AIM
Over ...
Still a chance of a paper deal in the Big Apple .
Better than no deal ( where have I heard that before ) 😊

It keeps the trolls in business ...

[dennislevine] 09/2/2018 09:38

Heard from a reliable source close to the company that it was DM in that Tesla - not sure if trying to escape from his creditors or looking for new investors

[newbie17] 09/2/2018 08:57

PJ1. Certainly not you. If only you knew ,,, HaHaHa. BLOCKED.

[highasakite] 09/2/2018 08:44

"Yes get ready to go delboy39 and find out how close DM/MH are in completing this deal. Believe they are there in NY right now so should be near term.

Game over for AIM now yes, "Hello America" now (and showing my age that's a title of a great Def Leppard song from their first album!). May be minimal RNS for AIM cancellation today, but more important RNS hopefully will come next week."




Keep taking the medication Perfect Choice as your mentally ill.