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CNMI Camper & Nic.

8.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Camper & Nic. Investors - CNMI

Camper & Nic. Investors - CNMI

Share Name Share Symbol Market Stock Type
Camper & Nic. CNMI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
8.00
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Top Posts
Posted at 01/7/2014 09:34 by darias
Perhaps this is why no one has any confidence in the management of the company. Only CNMI would suggest that when less than 2/3 of share holders are confident enough to take up an offer it was a successful placing!

As for directors putting in £163k that wouldn't even buy a bottom of the range Oyster!

RNS Number : 7624K

Camper & Nicholsons Marina Inv Ltd

27 June 2014

Camper & Nicholsons Marina Investments Limited

("CNMI" or the "Company")

Results of Open Offer and EGM

Camper & Nicholsons Marina Investments Ltd (AIM:CNMI.L), a leading international marina company, is pleased to report the results of the Open Offer that was announced on 6 June 2014.

Highlights:

-- GBP2.4 million raised pursuant to the Open Offer following Shareholder approval at the Extraordinary General Meeting.

-- Applications received for 15,486,525 Offer Shares, representing a take-up rate of 64.53 per cent, including that by First Eastern Holdings and FE Marina Investments.

-- First Eastern Holdings, FE Marina Investments and Clive Whiley to hold 53.45 per cent. of the Company's enlarged issued share capital.

-- Proceeds will ensure that the Company has sufficient funds to complete the agreed amendment to its facility with Scotia Bank including the replacement of the bullet repayment of $7.5 million due in 2015 with staged payments of principal from 2016 to 2019 and amendment of the associated interest rate; execute its development plan including the potential increase in number of marina berths at GHM and Cesme by some 3%; and fund the anticipated increase in working capital associated with supporting further growth within CNFE.

Sir Christopher Lewinton, Chairman of the Company, commented: "We are delighted to have received such a strong level of support for our proposals from our investors to enable us to continue to pursue our strategy which the Board believes will increase shareholder value."

Extraordinary General Meeting and Results of Open Offer

At the Extraordinary General Meeting held earlier today, the resolution put to Shareholders was duly passed. Accordingly, the Company will complete the Open Offer as announced on 6 June 2014. The Company has received valid acceptances in respect of 15,486,525 Offer Shares from Qualifying Shareholders, representing a take-up rate of 64.53 per cent.

Shareholdings

The remaining 8,513,475 New Ordinary Shares that were the subject of the Open Offer will be subscribed for by First Eastern Holdings pursuant to the underwriting agreement. It has also subscribed for 5,343,336 New Ordinary Shares, being its entitlement under the Open Offer, and will therefore be subscribing for a total of 13,856,811 New Ordinary Shares representing, in aggregate, 57.74 per cent. of the total number of New Ordinary Shares to be issued. In addition FE Marina Investments has subscribed for 5,999,375 New Ordinary Shares being its entitlement under the Open Offer, representing 25 per cent. of the total number of New Ordinary Shares to be issued. Clive Whiley, who is deemed to be acting in concert with First Eastern Holdings and FE Marina Investments for the purpose of the Takeover Code, has subscribed for 253,906 New Ordinary Shares being his entitlement under the Open Offer.

Following the issue of the New Ordinary Shares, First Eastern Holdings and FE Marina Investments will, in aggregate, hold 86,865,377 Ordinary Shares, representing 52.40 per cent. of the Company's issued share capital. The aggregate holding of the Concert Party will be 88,619,283 Ordinary Shares, representing 53.45 per cent. of the Company's issued share capital.

Accordingly, as the aggregate holding of First Eastern Holdings and FE Marina Investments is in excess of 50 per cent. of the Company's voting rights, each of First Eastern Holdings and FE Marina Investments is entitled to acquire further shares without being required to make a mandatory offer, even if each of their individual interest in shares increases through a Rule 9 threshold, without the need for prior consent of the Takeover Panel.
Posted at 01/4/2008 23:36 by johnsoho
Camper & Nicholsons Marina Investments Limited:
RESULTS FOR THE PERIOD 20 OCTOBER 2006 TO 31 DECEMBER 2007 INCLUDING 11 MONTHS
TRADING TO 31 DECEMBER 2007

Camper & Nicholsons Marina Investments Limited (AIM: CNMI), the Guernsey-based
specialist international marina investment company was admitted to AIM on 29
January 2007. It aims to generate returns through the acquisition, development,
redevelopment and management of an international portfolio of new and existing
marinas and marina related real estate throughout the Mediterranean, North
America and Caribbean.


HIGHLIGHTS

* Successful Aim Listing - raised Euro47.6m net of expenses.

* Since Listing made three acquisitions with a total commitment of
Euro45.0 million.

Cesme Marina, Turkey - 45% interest acquired for Euro3.8 million
investment

Grand Harbour Marina, Malta - acquired nearly 80% for total
commitment of Euro16.6 million

Port Louis Marina, Grenada - wholly acquired for Euro16.4
million with total commitment of Euro24.6 million


* Grand Harbour Marina achieved long term berth sales of Euro10 million in December
2007 from the licensing of three superyacht berths.

* Group profit before tax of Euro6.3 million on income of Euro10.7 million

* Net Asset Value on an independent market value basis of Euro53.8 million or
107.5c per diluted share. A premium of 13.0% to the net proceeds raised at
IPO.

* Continued growth in superyacht order book. 2008 started with order book of
over 900 yachts, the highest level ever.

* Further acquisitions envisaged being completed in 2008 and substantially all
of the funds raised expected to be committed within 18 months of admission to
AIM.


Chairman George Kershaw commented: "At the time of flotation, we described the
marina sector as characterised by having more yachts than berths available to
accommodate them, and that this has led to berth rental and sales price
increases in key markets. We believe that these fundamentals are borne out by
our first year experience. In addition, the superyacht sector, with a four year
order book, seems set to weather any short term uncertainty.

Whilst the immediate general economic climate may be less predictable, our view
is that the marina sector remains attractive for investors both in respect of
its fundamentals and stage of development.

Overall we believe that CNMI is performing in line with its commitments to its
investors in the first year of trading, and we look forward with confidence to
making continued progress in creating the leading international chain of premium
branded marinas."
Posted at 27/5/2007 22:44 by captainfatcat
johnsoho good idea well done, I agree the investors list looks impressive but also take a look at the list of luxury charter yachts camper work with at



With such a extensive client list networking will play a large part in filling spaces at their marinas. Campers will imo be on very good terms with many potential clients and commercial investors.
Posted at 27/5/2007 21:07 by johnsoho
Thanks captainfatcat, Iv'e added the company website and AIM listing documents to the header information so that it does not get lost.

I liked the list of investors in the AIM listing document...very impressive
Posted at 10/2/2007 21:25 by johnsoho
This from the International Boat Industry magazine of 31 January 2007

Camper & Nicholsons Marina Investments (CNMI), a Guernsey-based company established to invest in the international marina sector, has announced that dealings have commenced on London's AIM stock market in the company's ordinary share capital.

CNMI is focused on the acquisition, development, redevelopment and operation of an international portfolio of new and existing marinas and marina related real estate.

Arbuthnot Securities Limited and Cantor Fitzgerald Europe have raised a total of €50 million through the placing of 50 million new ordinary shares at an issue price of €1 per share. The company has attracted leading blue chip investors, including a number of specialist real estate funds.

The three person management team of Marina Management International Limited, the manager of CNMI's assets, in aggregate, subscribed for more than 4 per cent of the issued share capital at the issued price.

MMI is owned and run by Nick Maris, CEO, Nicholas Papanicolaou and Sir Christopher Lewinton, directors. Camper & Nicholsons Marinas International, an existing specialist marina consultancy business, will act as investment adviser to the company.

An independent board will supervise the investment strategy of the company, comprising five directors with a variety of real estate, marina, City, corporate governance and offshore investment management experience. George Kershaw will act as chairman of the board.

CNMI will henceforth be included in IBI's weekly share price review, on the basis of the notes below:

• AIM ticker symbol: CNMI
• Placing price: €1.00
• Number of new ordinary shares placed: 50 million
• Number of ordinary shares in issue immediately following admission: 50 million
• Net proceeds of the placing: €47, 625,000

Arbuthnot Securities Limited is acting as nominated adviser and broker to the company

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