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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cattles | LSE:CTT | London | Ordinary Share | GB0001803666 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.88 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.88 | GBX |
Cattles (CTT) Share Charts1 Year Cattles Chart |
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1 Month Cattles Chart |
Intraday Cattles Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/9/2016 | 17:49 | Cattles Plc - One to watch. | 4,058 |
| 01/9/2016 | 11:43 | CATTLES - I am not a sheep, I am bucking the trend, these are a buy @ Ј2.68p | 1,291 |
| 21/2/2006 | 17:20 | Wot -No Cattles thread | 164 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 16/3/2011 17:22 by deanforester My 1p per share was credited to my ISA account today.DF |
Posted at 14/3/2011 11:03 by pakomacha Just rung the scheme supervisors (0161 838 4515). They said the 1p share settlement will be paid on or around 16th March and that no further action is required.The bundle of papers that was sent out to all shareholders was to discharge an obligation to ensure that ALL potential creditors are made aware of the claim process. Regular shareholders need take no action. |
Posted at 14/3/2011 08:42 by mrphil I presume we don't need to do anything to get our 1p per share?B. SHAREHOLDERS SUBMITTING CREDITOR CLAIMS 9) Why have you sent me notice of the Schemes of Arrangement between Cattles and WFSL and their respective creditors? You are being contacted as Cattles and/or WFSL believe that you are or may be a creditor of Cattles and/or WFSL. As a result, Cattles and/or WFSL are obliged to notify you of the Schemes, the Effective Date and request that if you wish to make a claim in the Schemes you submit a Claim Form in those Schemes on or before 2 June 2011. |
Posted at 13/3/2011 14:37 by grahamburn This helps a little:There may well be grounds for shareholders to claim, but would guess that only those who took up the rights issue in 2008 would have any leg to stand on. The estimate for ALL creditors is 2.2p in the £, so not a significant sum, especially if the 1p per share received this week has to be deducted! A call the Scheme Hotline might provide further guidance. |
Posted at 13/3/2011 10:22 by optomistic These forms appear to me to be claim form for creditors of Welcome Finance, but would appreciate confirmation of this.I can't see ordinary sharholders getting any more than the 1p/share. It's appalling really that the directors were applying for bank status when they must have known the financial situation the company was in, thank goodness that the bank status application was rejected otherwise many more suckers would have been drawn in! |
Posted at 31/1/2011 17:04 by deanforester Looks like we get our 1p per share, then.DF |
Posted at 30/11/2010 09:10 by maxk Cattles investors reach pay-out agreementInvestors in Cattles have reached a deal with the troubled door-to-door lender nearly 20 months after its shares were suspended with the relevation of an accountancy scandal. By Harry Wilson 7:00AM GMT 30 Nov 2010 Shareholders will receive a total of £5.3m from Cattles, while bondholders will get as much as £49m as part of a restructuring deal that will put the business under the control of its lending banks. Under the terms of a provisional agreement, shareholders will receive 1p for every share they owned, while bond investors will get a payout worth 6.5p out of every £1 of debt they held. Cattles shares were suspended in April 2009 at 6.88p, having traded at more than 200p in the summer of 2008. |
Posted at 29/11/2010 15:07 by spectoacc ST wins, looks like 1p/share in about March 2011.RNS Number : 9860W Cattles PLC 29 November 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 29 November 2010 FOR IMMEDIATE RELEASE Cattles plc Launch of restructuring The Board of Cattles plc ("Cattles") announces that it has received sufficient support from its key financial creditors to enable it to launch a restructuring of the Cattles group (the "Group"). The highlights of the restructuring proposal are as follows: -- Cattles and Welcome Financial Services Limited ("WFSL") each intend to propose a scheme of arrangement to certain of their respective creditors; -- Cattles, WFSL and certain other members of the Group intend to enter into bilateral agreements with the pension trustee of the Cattles Staff Pension Fund which will compromise the claims of the fund; -- a payment is proposed to be made by WFSL to the Financial Services Compensation Scheme (the "FSCS") in connection with the liabilities of WFSL in respect of certain regulated products sold by WFSL; and -- Cattles intends to propose a scheme of arrangement to its shareholders, pursuant to which Cattles shareholders will receive 1p in cash for each Cattles share held by them. Commenting on the proposed restructuring, the Executive Chairman of Cattles, Margaret Young said: "Today's announcement is the culmination of long and complex discussions and, given the Group's very serious financial difficulties, we believe that the proposed restructuring represents the best possible outcome for the Group's creditors and shareholders. It will also provide a stable platform to collect out the Welcome Finance loan book and to continue to develop the businesses of Shopacheck and The Lewis Group. Since the beginning of 2009, we have collected over GBP1.1 billion from the Welcome Finance loan book and returned Shopacheck and The Lewis Group to profitability. Cattles and WFSL have received sufficient support from their respective key financial creditors to enable us to launch this restructuring. The proposed schemes of arrangement will be put before separate creditor and shareholder meetings for their approval, early in the New Year. If those approvals are for any reason not forthcoming, the Board of Cattles expects that it would be necessary to place Cattles into administration." Introduction The Board of Cattles announces that it has received sufficient support from its key financial creditors to enable it to launch a restructuring of the Group. On 25 November 2009, Cattles announced that it had agreed a Standstill and Equalisation Agreement ("SEA") with its key financial creditors, and that this should improve the likelihood of achieving its restructuring objectives. Since that date, Cattles has continued to engage in discussions with representatives of its key financial creditors in order to progress proposals for a solvent restructuring. Cattles, WFSL and certain other members of the Group have today entered into an agreement with certain of their respective key financial creditors to support a solvent restructuring (the "Restructuring and Lock-Up Agreement"). Cattles and WFSL have now notified the other parties to the Restructuring and Lock-Up Agreement that they have resolved to launch a solvent restructuring of the Group as described below. Key features of the restructuring - Cattles intends to propose a scheme of arrangement under Part 26 of the Companies Act 2006 to its shareholders, pursuant to which the shares in Cattles will be acquired by Bovess Limited ("Bovess"). Bovess is a newly incorporated company, established at the request of Cattles by an independent corporate services provider for the purposes of implementing the restructuring. Bovess will be managed by the independent corporate services provider and ultimately owned by a charitable trust. Under the terms of the Cattles shareholder scheme, Cattles shareholders will receive 1p in cash for each Cattles share held by them. The formal Rule 2.5 announcement, as required by the City Code on Takeovers and Mergers, will be issued shortly. - Cattles and WFSL also each intend to propose a scheme of arrangement to certain of their respective creditors. Pursuant to those schemes, the claims of those creditors will be compromised in order to facilitate a solvent restructuring of Cattles and WFSL and maximise recoveries for their respective creditors. - Another member of the Group, Ewbanks Mail Order Limited, intends to propose a scheme of arrangement to certain of its creditors, pursuant to which its guarantee obligations (and those of certain other members of the Group) will be compromised in order to facilitate a solvent restructuring of those entities. - Further, Cattles, WFSL and certain other members of the Group intend to enter into bilateral agreements with certain other creditors including the pension trustee of the Cattles Staff Pension Fund which will compromise the claims of the fund in order to facilitate the solvent restructuring. In addition, a payment of GBP90 million (subject to certain adjustments) is proposed to be made by WFSL to the FSCS in connection with the liabilities of WFSL in respect of certain regulated products sold by WFSL. - Each scheme and bilateral agreement, including the shareholders' scheme, will be subject to the satisfaction of certain conditions. - Subject to the satisfaction of those conditions, under the terms of the WFSL scheme of arrangement, Cattles will compromise its subordinated intercompany claims against WFSL and other subsidiaries in the Group in return for a payment by WFSL of GBP49 million to Cattles. As a condition of that payment of GBP49 million, WFSL and Cattles will enter into a protocol for the sharing of information relating to any claims either may have against third parties. For joint claims against third parties by both WFSL and Cattles, in the event of a proposed settlement or appeal, WFSL would be able to decide whether or not to proceed subject to it indemnifying Cattles for any losses it might suffer as a result. Having stabilised the Group and launched the restructuring, Margaret Young, David Haxby, Frank Dee and Alan McWalter have advised the Board of their intention to resign as directors of Cattles, at an appropriate time, shortly after the restructuring has been completed. Robert East and Paul Felton-Smith will remain as Managing Director and Finance Director, respectively. Position of Cattles If the Cattles creditor scheme and/or the Cattles shareholder scheme do not become effective, the Board of Cattles expects that it will be necessary to place Cattles into administration and that all of its subsidiaries (other than Cattles Staff Pension Fund Limited) will be sold to Bovess for a nominal payment to Cattles (with no offer to Cattles' shareholders). Pursuant to the Restructuring and Lock-Up Agreement, certain of the key financial creditors of Cattles and WFSL have confirmed their support for the Cattles Board to place Cattles into administration in such circumstances. In that scenario, under the terms of the WFSL creditor scheme, Cattles will agree to compromise its subordinated intercompany claims against WFSL and other subsidiaries in the Group for an amount which is not less than GBP30 million and which may increase, at the option of Cattles, either to: (i) GBP33 million; or (ii) subject to a ratchet mechanism, an amount which may not exceed GBP39 million. This reflects the lower amount WFSL is prepared to pay to compromise its intercompany debt in circumstances where Cattles is in administration. Therefore, the assets available for distribution to the creditors of Cattles under the restructuring will comprise: (a) either: (i) up to GBP39 million; or (ii) GBP49 million paid by WFSL, as summarised above; (b) approximately GBP5 million projected to be received from the intended future disposal of a property owned by Cattles Properties (Ruddington) Limited, which is currently occupied by WFSL; (c) approximately GBP2 million in cash held by Cattles; and (d) the proceeds of any successful claims that Cattles may have against third parties, in each case subject to related costs incurred. Expected timetable Documentation relating to the Cattles shareholder scheme and the creditor schemes described above is expected to be made available in December 2010 to the shareholders of Cattles and the relevant creditors of Cattles and WFSL, respectively. This documentation will include details of the timetable for the schemes, including the proposed dates for meetings in 2011 at which those shareholders or creditors (as applicable) will be able to attend and vote in respect of the schemes. Subject to the satisfaction of the conditions to be set out in the creditor schemes, the Cattles shareholder scheme and the bilateral agreements, it is presently expected that this restructuring process will be concluded by late February 2011. Cattles will make further announcements in connection with the matters set out above, as appropriate. |
Posted at 23/9/2010 09:57 by w.bramley Seems odd that a new company doing what CTT does, is or has been set up in the Midlands,(BBC Ceefax) which appears similar to CTT, when CTT is in such Dior straights. |
Posted at 29/5/2009 08:18 by jr50 good morningive just moved here from the iii board of ctt, it was getting a little childish on there. this is my perpective and stance on ctt yes, the recent article in the telegraph is right, in that ctt has a time limit to do or die (although this could be extented), but for all of us siting here in a suspended share, its better if ctt would be able to conclude within the timescale announced but this further input from the article is positive A debt-for-equity swap is expected. Deloitte is refusing to sign off the accounts until a new facility is in place. Cattles has little more than a fortnight to resolve its funding crisis. However, the banks want a solution as they fear customers will not bother to repay their debts if Cattles goes bust, as happened at London Scottish Bank. this company is very much into its first stages of recovery, streamlining, board room reshuffles, recent press and rns statements are all the evidence needed to come to this conclusion. we all know, that one way or another ctt will have to do a d4e, but in my mind its on a smaller scale then expected, lets presume 25%, that will give us no problems on share price concern when ctt are re-listed. anything above 75%, and it will suffer, but would be enough to carry on trading, albeit at a smaller share price do not ignore a rights issue further down the road after unsuspension, a example is mec bankers make sure that they did put this into mec's condition , for the new convenant holiday to 2010 granted to them last week we are now kicking into june, this is the month when the rns WILL come out, anyone making calculations for the future based on ctt figures beware it is filled with incorrect past cattles trading statements. they have no foundations when the only evidence they can present to you ,is taken from fraulent figures from ctt john |
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