Challenger Acquisitions Share Discussion Threads

[songig] 07/6/2021 20:45

The EGM will be held at 2:00p.m. BST on Monday, 21 June 2021 at the offices of McCarthy Denning, 6th Floor, Minister House, 42 Mincing Lane, London, EC3R 7AE. The meeting is to consider the same resolutions as were proposed at the inquorate EGM convened for 31 March 2021 and the adjournment of that meeting held on 12 April 2021, which was also inquorate, to authorise the issue of shares and convertible loan notes in connection with the proposed acquisition of Cindrigo Energy Limited, as announced on 9 March 2021, and to change the name of the Company on completion of the acquisition to "Cindrigo Holdings Limited". The Company has taken steps to ensure that, despite the on-going restrictions on travel and public gatherings which prevented shareholders and directors from attending the last EGM causing it to be inquorate, sufficient shareholders or their proxies will attend the new EGM so that it will be quorate and able to consider and, if thought fit, pass the proposed resolutions. The Company also wishes to update the announcement made on 9 March 2021 concerning the proposed acquisition of Cindrigo Energy Limited ("CEL"). The board remains committed to the acquisition CEL and is continuing to work with CEL towards its successful conclusion. The terms and conditions of the proposed acquisition remain substantially the same as under the proposals as announced on 9 March 2021. After the completion of the acquisition of CEL, the Company still intends to make an application for its enlarged ordinary share capital to be readmitted to the standard segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange and, for that purpose, in contemplation of the acquisition becoming unconditional, is continuing the process with the Financial Conduct Authority ('FCA') for the approval of a prospectus.

[zxie] 04/6/2021 17:29

Just update EGM 21 June. CEO, said, "Both the Company and Cindrigo remain committed to the acquisition of Cindrigo Energy and its subsidiary, Cindrigo Limited, by Challenger. We are continuing to work together to conclude the acquisition as soon as practicable and thereafter to seek the readmission of the Company's enlarged share capital to the Official List by way of a standard listing and to trading on the Main Market of the London Stock Exchange.

[songig] 27/5/2021 13:56

I just received information that an extra meeting or invitation to an extra meeting will come next week, as far as I understand it is no secret, has anyone tried to call or write to the company?

[verulamium] 27/5/2021 11:58

I think most of the dissatisfaction is with EGMs being postponed because they're not quorate. Shouldn't happen at a church bellringers' meeting, never mind a listed company. There's presumably some big disagreement between the directors, but as usual the shareholders are being kept in the dark.

[tomboyb] 27/5/2021 10:56

Looking forward to the relist - I think the dissatisfaction is with the "constant delay" but if it relists in June then so be it -

[songig] 27/5/2021 08:48

hi everyone, the first time I write here, I am the owner of some cindrigo shares and just waiting for them to be traded at this place, which my contact in Sweden says will happen in June! I read that you are very dissatisfied with something I do not know what? can anyone update me / Lars

[tomboyb] 23/5/2021 20:05

Lets see what happens - Need to move forward for T/O of cindrigo -

[mustafa15a] 13/5/2021 12:50

How long does it take to convince a handful of shareholders to stay or leave FFS!!!

[clickon] 11/5/2021 11:42

This management appears to lack the courtesy to communicate with its shareholders. Awful !

[clickon] 22/4/2021 10:00

What a shower

[clickon] 13/4/2021 17:23

If that has happened this must be explained.

[kingston78] 13/4/2021 12:33

There must be internal disagreement between the directors. One or more of them deliberately did not turn up for the meeting. That is what I think has happened.

[clickon] 13/4/2021 11:29

There needs to be a clear explanation of what's going on.

[clickon] 13/4/2021 09:57

Unbelievable!

[zxie] 13/4/2021 08:12

Yes . But Still hope for a miracle. We can get our profits back

[verulamium] 13/4/2021 07:57

They're either doing this deliberately, or they're the most incompetent shower imaginable. No wonder they never made a success of anything as a company, it'll be incredible if the Cindrigo acquisition ever happens.

[zxie] 13/4/2021 07:39

These executives. It needs to be thrown into the Cindrigo waste dump to generate electricity.

[supertag] 11/4/2021 13:22

EGM tomorrow 3pm.

[mustafa15a] 02/4/2021 23:50

Easter weekend and they all though F this, let's do it in a couple of weeks.....more wait but it's now closer than ever.

[still waiting] 01/4/2021 13:22

did the directors turnip ?

[verulamium] 01/4/2021 13:20

Amateur hour. Literally all they had to do was get the right number of people into a room.

[mustafa15a] 01/4/2021 07:29

The EGM will be held at 3:00p.m. GMT on Wednesday, 31 March 2021 at the offices of McCarthy Denning, 6(th) Floor, Minister House, 42 Mincing Lane, London, EC3R 7AE.