Cable&Wire Com Share Discussion Threads

[betman] 14/6/2016 10:55:56

Divi safely received now and all A and C shares in ISA

[morro] 14/6/2016 09:55:08

It seems all certificated shares have been converted into non certificated form and are held by Computershare. If you wish to transfer to another broker they will charge £25 per share type. So it appears that shareholders were given no choice in this and were not given the opportunity to have shares held by a lower commission broker.

[sharw] 31/5/2016 12:21:37

goodman - if you did not sell your CWC shares before they were delisted and if you did not elect for one of the alternatives you will receive the standard which is:

for each CWC Share:
0.00830064 New Liberty Global Class A Ordinary Shares and
0.02032149 New Liberty Global Class C Ordinary Shares and
the Special Dividend.

As I pointed out before you cannot receive a fraction of a share and brokers vary as to whether they keep any compensation for a fraction or pass it on to you.

The 'A' and 'C' shares are traded on NASDAQ under tickers LBTYA and LBTYK and last closed at $37.31 and $36.13

So, if you had 1000 CWC you will now have 8 LBTYA and 20 LBTK worth $1021.08 (about 70p per old CWC share).

You can check the latest price here:

[betman] 31/5/2016 11:18:35

Has anyone received their 3p divi yet, was due 14 days from the effective date ( 16thMay ??)

[goodman] 30/5/2016 20:24:01

sharw your 1594 post, 234 pages of ifs and buts that has got my mind going around and have now to admit defeat, so the question is what was the $ price arrived at and the price of the cwc share,if you accept the offer of A & C shares.

[skinny] 26/5/2016 12:45:33

Betman - you can get news and articles from

.

[betman] 26/5/2016 12:20:08

Takeover has gone through and newe Liberty Global shares credited to my account. Does anyone have any informative views on Liberty Global ??

[kellyburn] 01/4/2016 21:30:42

Mine are in my ISA and an email seeking instructions makes it clear that charges will be significant - especially for some of the alternatives - and while I would like the special dividend it seems easier to sell -- at a 40% profit -- and move on. Grrr. Should have done this 6 months ago!

[wictod369] 01/4/2016 18:47:30

Thanks sharw, appreciate the heads up and the document link, I think i'll dump next week based on the timetable as there's still a bit of time left.. tks

[sharw] 01/4/2016 18:08:45

You need to read the scheme document here:



In particular on page 9 there is a provisional timetable with the expected last day of dealing (13/5) after which you will be locked into the scheme and receive your choice of shares (or the default option if you don't make a choice).

For people with nominee a/cs it is important to note that some (not all) brokers have it in their T&Cs that with a scheme like this any fractions will be retained for the benefit of the broker. With Liberty A shares trading around $38 - just over £26 it means that if you end up with .99 of a share then your £26 could be pocketed by your broker. If you're thinking of going through with the scheme you need to check beforehand on that and also how you can sell Nasdaq shares.

[wictod369] 01/4/2016 17:08:43

I'm still holding but can't make head nor tail of what's going on. I got my shares as part of CWC Employee share scheme. Is there a cutoff date where i wont be able to sell and get converted into Liberty stock?

[sharw] 31/3/2016 15:11:03

Like djwr100 I sold out last year as I did not want to wait 6 months for non-LSE traded shares. Since then the CWC share price has tracked the shares it will convert into, usually one or two pence below. I see that the scheme document has now been published and so, as promised, the equivalent value of a CWC share is being published on a daily basis (78.53p for the basic offer as at last night's close).

[djwr100] 31/3/2016 12:27:14

How does this offer compare with the original understanding, in cash terms?

I sold out some time ago, but am still interested in what's going on.

Thanks

[call-logger] 19/1/2016 14:33:51

Final terms of the offer to be published by March? Not that I've read any further RNSs since this


CWC Shareholders are advised to read the Scheme Document carefully once it has been despatched, which is currently expected to be within 4 months of the date of the Offer Announcement.

[djwr100] 18/1/2016 18:06:16

I don't think it right that a price was offered so far ahead such that there was doubt that it might be actually received, but only in the minds of those that could easily understand it.

When is this deal going through, or when is the deadline?

Has it been accepted yet?

[loganair] 14/1/2016 10:02:54

Like myself, I think before Christmas many PI's have already sold out and for one I am glad I did so.

[semper vigilans] 14/1/2016 09:53:45

Agree - there should be a fixed timescale from offer to completion.
Any Government intervention on competition grounds should be dealt with within a month max. as it creates a false market.

[prokartace] 14/1/2016 09:38:56

I am so peed off with these so-called recommended takeovers where the eventual price you receive is hardly any different from if you had no takeover bid at all. This has been the case with CWC and with PIC. Both offering shares in the American company and then under-performing massively to leave us shareholders feeling that we have had our eyes ripped out!!

[djwr100] 13/1/2016 21:03:31

Ok, thanks.

[sharw] 13/1/2016 19:50:51

The price of CWC now tracks Liberty Global into which it will convert. At the time of writing this - 1945 GMT, 14 45 NASDAQ time - LBTYA is down 4% and LBTYB is down 4.6%,

[djwr100] 13/1/2016 17:31:47

Why the drop?

[call-logger] 24/11/2015 08:34:04

Couldn't face 4 months+ of really dull RNSs, sold & moved on

[djwr100] 23/11/2015 16:50:32

Is this a first for such complexity?

[skinny] 23/11/2015 07:46:06

Recommended Acquisition

of

Cable & Wireless Communications Plc ("CWC")

by

Liberty Global plc ("Liberty Global")

On 16 November, 2015 the Liberty Global Directors and the CWC Directors announced that they had reached agreement regarding the terms of a recommended acquisition through which Liberty Global will acquire the entire issued and to be issued share capital of CWC (the "Offer Announcement").

Illustrative calculations of Exchange Ratio and Alternative Exchange Ratio

CWC intends to provide CWC Shareholders with illustrative calculations of the Exchange Ratio and the Alternative Exchange Ratio on a weekly basis until the Scheme Document is posted to CWC Shareholders, and on a daily basis (on business days only) thereafter, in each case until the Exchange Ratio Calculation Time.

Accordingly, CWC announces today details of the Exchange Ratio and the Alternative Exchange Ratio as if the Exchange Ratio Calculation Time were 23 November 2015. CWC Shareholders should note that this is for illustrative purposes only and that the Exchange Ratio Calculation Time is not, and will not be, 23 November 2015.

The Exchange Ratio Calculation Time, and accordingly the Exchange Ratio and the Alternative Exchange Ratio, will be determined as described in the Offer Announcement and as will be set out in the Scheme Document.

CWC Shareholders are advised to read the Scheme Document carefully once it has been despatched, which is currently expected to be within 4 months of the date of the Offer Announcement.


Illustrative calculations as at 23 November 2015

If the Exchange Ratio Calculation Time were 23 November 2015 (being the date of this announcement), under the terms of the Transaction, the Exchange Ratio and the Alternative Exchange Ratio would be calculated such that:

· under the Recommended Offer, CWC Shareholders would be entitled to receive, for each CWC Share, 0.008301 New Liberty Global Class A Ordinary Shares and 0.020321 New Liberty Global Class C Ordinary Shares, as well as the Special Dividend;

· under the First Dual Share Alternative, CWC Shareholders would be entitled to receive, for each CWC Share, 0.005593 New Liberty Global Class A Ordinary Shares, 0.013693 New Liberty Global Class C Ordinary Shares, 0.002343 New LiLAC Class A Ordinary Shares and 0.005739 New LiLAC Class C Ordinary Shares, as well as the Special Dividend; and

· under the Second Dual Share Alternative, CWC Shareholders would be entitled to receive, for each CWC Share 0.004601 New Liberty Global Class A Ordinary Shares, 0.011265 New Liberty Global Class C Ordinary Shares, 0.002343 New LiLAC Class A Ordinary Shares and 0.005739 New LiLAC Class C Ordinary Shares, as well as the Special Dividend.

At such illustrative Exchange Ratio and Alternative Exchange Ratio:
· the consideration under the Recommended Offer would represent an indicative value of 81.03 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015);
· the consideration under the First Dual Share Alternative would represent an indicative value of 75.86 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015); and
· the consideration under the Second Dual Share Alternative would represent an indicative value of 66.54 pence per CWC Share (including the Special Dividend and using the Closing Price of Liberty Global Shares on 20 November 2015),
based on the following:
· the Closing Price of $42.79 per Liberty Global Class A Ordinary Share on 20 November 2015;
· the Closing Price of $40.86 per Liberty Global Class C Ordinary Share on 20 November 2015;
· the Closing Price of $37.81 per LiLAC Class A Ordinary Share on 20 November 2015;
· the Closing Price of $38.27 per LiLAC Class C Ordinary Share on 20 November 2015;
· a volume weighted average price of $43.86 per Liberty Global Class A Ordinary Share over the 10-day period ending on and including 20 November 2015;
· a volume weighted average price of $42.08 per Liberty Global Class C Ordinary Share over the 10-day period ending on and including 20 November 2015;
· an exchange rate of 1.5194 USD per 1 GBP;
· as at the close of business on 20 November 2015, CWC had 4,438,594,233 shares in issue and outstanding on a fully diluted basis;
· the assumption that no CWC Shareholders who elect for the Recommended Offer also elect for the LiLAC Alternative.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in this Announcement.

[darias] 19/11/2015 20:22:13

Just means it is a daytraders paradise.

Buy a couple of million at 75-76 and then sell at 79-80