Coca-cola Hbc Share Discussion Threads

[soggy] 19/9/2007 11:18

Re-reading it, the question is (and I don't have time to rummage through the balance sheets) is this,: what proportion of the company is tied up in their subsidiary Gmbh? Is it just part of the company's assets or is it most of them or all of them? What appears to me to hava happened is that a bank (+another bank) want $500m paid back now. CCH have loaned it out over 3 years, so they're being screwed by the bank(s). To avoid the company from being totally busted they've sold off the subsidiary to EriN. If Gmbh goes bust (or get bought out by the bank(s) in order to get back ownership of their $500m), well, that's his problem, not the parent CCH company.

If that happens, what is left in the parent CCH? Is it just a shell, or does it also have a lot of business going on. Sure, the business will be harmed, and the share price crucified, but if $500m is only small beer on their turnover we should be able to survive. If $500m is all we've got to play with then we're down the toilet.

Anyone able to say which branch, parent or GMBH is the main business?

[soggy] 19/9/2007 10:55

Yep - looks like we've been shafted, right up the ronson. But by now most of us have got kinda used the feeling...

Great pity though.

Does all that stuff about not being able to comply with AIM rules mean that they might have their listing cancelled???

[rampmeister] 19/9/2007 10:53

I think it means we've lost our money but let's wait for Scruts to report back.

RM

[mister md] 19/9/2007 10:30

RNS out - but what does it all mean?

[mister md] 19/9/2007 09:55

should hear something agm related today surely

[sparky333] 19/9/2007 07:21

FFS do not bother why i look in the mornings nowadays as i know there will be no news

10K tied up for over a month now - could have made a few bob in that time :(

anyway the cut in US interest rate should help

[sparky333] 19/9/2007 06:53

I would be there but living in Riyadh it is a little difficult - lol

[soggy] 19/9/2007 06:48

There's no guarantee that they'll say anything at the AGM (or that anyone will be there!) But if you are going Scruts, I'm sure you'll pick up some vibes even if just from their body language.

I hope you can go, and I hope you get a chance to corner someone and put the question to them - good news or bad?

[sparky333] 19/9/2007 06:32

Today would be a good day to come back from suspension if the news is good

and negative news would be tempered due to huge gains in the US.

Must get some info today as it the AGM

[sparky333] 18/9/2007 06:21

Hmm so we will at least get an RNS saying all resolutions havebeen passed

[scrutable] 17/9/2007 17:44

CCH INTERNATIONAL PLC
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Annual General Meeting of CCH International PLC will be held at No 1Grosvenor Crescent, London SW1X 7EF at 11am on Wednesday, 19th September 2007 for the following purposes:-

ORDINARY BUSINESS
1. To receive and adopt the report of the directors and the financial statements for the year ended 31 December 2006 and the report of the auditors thereon.

2. To re-appoint, as a director of the Company, Mr R I Fossett, who retires in accordance with Article 82 of the Company's Articles of Association and offers himself for re-election.

3. To re-appoint, as a director of the Company, Mr E A Nil, who retires in accordance with Article 82 of the Company's Articles of Association and offers himself for re-election.

4. To elect, as a director of the Company, Mr J A R Peers, who was appointed to the Board on 27 January 2007.

5. To re-appoint either RSM Robson Rhodes LLP or (subject to such merger having completed) its successor firm, Grant Thornton UK LLP, as auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the directors to fix their remuneration.

SPECIAL BUSINESS
To consider and, if thought fit, to pass the following Resolution 6 as a Special Resolution.
6. THAT:
(a) the directors be and they are authorised pursuant to section 80 of the Companies Act 1985 (as
amended) (the "Act") to allot relevant securities (as defined in the said section) up to an aggregate
nominal amount of £280,000 provided that this authority shall expire at the conclusion of the next
annual general meeting of the Company save that the Company may make an offer or agreement before
the expiry of this authority which would or might require relevant securities to be allotted after such
expiry and the directors may allot relevant securities pursuant thereto as if the authority conferred
hereby had not expired, such authority to be in substitution for any existing authorities conferred on the
directors pursuant to section 80 of the Act;
(b) the directors be and they are hereby generally empowered pursuant to section 95 of the Act to allot
equity securities (as defined in section 94(2) of the Act) for cash pursuant to the authority conferred by
paragraph (a) of this resolution as if section 89(1) of the Act did not apply to any such allotment,
provided that this power shall be in substitution for any previous powers conferred on the directors
pursuant to the said section 95 and shall be limited to:
(i) the allotment of equity securities in connection with an issue in favour of shareholders
where the equity securities respectively attributable to the interests of all such
shareholders are proportionate or as nearly as may be practicable) to the respective
numbers of ordinary shares in the capital of the Company held by them on the record date
for such allotment, but subject to such exclusions or other arrangements as the directors
may deem necessary or expedient in relation to fractional entitlements or legal or practical
problems under the laws of, or the requirements of, any recognised regulatory body or
any stock exchange in any territory; and
(ii) the allotment (otherwise than pursuant to sub-paragraph (i) above) of further equity
securities up to an aggregate nominal amount of £170,000.
and provide further that the power in this sub-paragraph (b) shall expire at the conclusion of the
next annual general meeting of the Company save that the Company may make an offer or
agreement before the expiry of this power which would or might require equity securities to be
allotted otherwise than in accordance with section 89 of the Act after such expiry and the directors
may allot securities pursuant thereto as if the power conferred hereby had not expired.
BY ORDER OF THE BOARD
Christopher Gill
Company Secretary
Registered Office
Northumberland House
15 Petersham Road
Richmond
Surrey
TW10 6TP
30 June 2007
Notes:
1. Any member entitled to attend and vote at the meeting may appoint one or more proxies to attend and, on a poll, vote instead of him. Such proxies need not be members of the Company. A form of proxy is enclosed with this document.

2. The form of proxy, if used, and the power of attorney or other authority (if any) under which it is signed or a certified copy of such power or authority must be lodged at the offices of the Company's Registrars, Capita IRG plc, Bourne House, 34 Beckenham Road, Kent BR3 4TU by hand, or sent by post, so as to be received not less than 48 hours before the time fixed for the holding of the meeting or any adjournment thereof (as the case may be).

3. The completion and return of a form of proxy will not preclude a member from attending in person at the meeting and voting should he wish to do so.

4. In the case of a corporation, the form of proxy must be executed under its common seal or the hand of an officer or attorney duly authorised.

5. Pursuant to regulation 41 of the Uncertificated Securities Regulation 2001, the Company has specified that only those members entered on the register of members at 11am on, 17th September 2007 shall be entitled to attend and
vote at the meeting in respect of the number of ordinary shares of 1p each in the capital of the Company held in their name at that time. Changes to the register after 11am on, 17th September 2007 shall be disregarded in determining the rights of any person to attend and vote at the meeting.

6. The register of directors' share interests will be available for inspection at the registered office of the Company during normal business hours on any week day from the date of this notice until the date of the meeting convenedy this notice and also on the date of the meeting at No1 Grosvenor Crescent, London SW1X 7EF, from 9.30am on, 19th September 2007 until the conclusion of the meeting. No director has a service contract of greater than 12 months' duration.

[scrutable] 17/9/2007 17:26

Phoning the company today I had it confirmed that the AGM was still being held at 1 Grosvenor Crescent at 11.00am on Wed 19 September.

The company may well hope that noone will attend except the officers; that it will be short and sweet. I hope I will not be the only one going and hoping to have a conversation with the company.

Anyone in doubt should call the company on 020 8334 0871 and ask for CFO Richard Fossett or MD Eren Nil

[moormoney] 17/9/2007 12:51

just as well given the bloodbath out there today!

[sparky333] 17/9/2007 10:47

omg another day of suspension what a surprise that was - NOT

[the mullah] 16/9/2007 13:43

Can they postpone the AGM at this stage?

[confusedcoalboy] 15/9/2007 13:09

'Who controls oil revenues?'

That is a tricky question mrionionbahjee2!

[sparky333] 15/9/2007 08:53

So is the date for the AGM confirmed ? as on the website it is date TBC along with interim results

[confusedcoalboy] 14/9/2007 15:04

Who said anything about government money being involved mrionionbahjee2?
Obviously I know as little about the situation as everyone else, but I don't recall the suggestion that state money was going to be employed/seeked. Surely there are plenty sources of capital in the private sector in the Middle East.
Alan

[sparky333] 14/9/2007 14:42

Wicked

LOL I would in the only other tall building in Riyadh - can you guess which ?

Hint it has a big globe at the top

[sparky333] 14/9/2007 11:17

How you work that out Mrionion ?

oil has been around $60-80 for a couple of years now when its average has been $30