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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Countrywide Plc | LSE:CWD | London | Ordinary Share | GB00BK5V9445 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 394.80 | 394.80 | 395.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
02/8/2018 17:06 | 462m shares held by biggies. :) Further to this morning's announcement, the Company has received a commitment from OCM Luxembourg EPF III Castle Holdings S.à r.l that it will, subject to the passing of the Capital Refinancing Resolutions, subscribe for 240,000,000 New Ordinary Shares pursuant to the Firm Placing and/or the Placing (subject to clawback of its participation in the Placing to satisfy Open Offer Entitlements taken up by Qualifying Shareholders under the Open Offer) for a cash consideration of GBP24 million. On this basis, following the Issue, funds advised and managed by Oaktree Capital Management, L.P. will indirectly hold at least 18.9 per cent. of the Enlarged Share Capital of Countrywide. OCM Luxembourg EPF III Castle Holdings S.à r.l (an indirect wholly owned subsidiary of funds advised and managed by Oaktree Capital Management, L.P.) is a related party of Countrywide for the purposes of the Listing Rules as it is a substantial shareholder of Countrywide (or an associate of such a shareholder) which is entitled to exercise, or control the exercise of, 10 per cent. or more of the votes able to be cast at general meetings of Countrywide. Brandes Investment Partners Subject to the passing of the Capital Refinancing Resolutions, Brandes Investment Partners has committed to subscribe for 228,480,000 New Ordinary Shares pursuant to the Firm Placing and/or the Placing (subject to clawback of its participation in the Placing to satisfy Open Offer Entitlements taken up by Qualifying Shareholders under the Open Offer) for a cash consideration of GBP22.8 million. On this basis, following the Issue, Brandes Investment Partners will hold at least 16.2 per cent. of the Enlarged Share Capital of Countrywide. Brandes Investment Partners is a related party of Countrywide for the purposes of the Listing Rules as it is a substantial shareholder of Countrywide (or an associate of such a shareholder) which is entitled to exercise, or control the exercise of, 10 per cent. or more of the votes able to be cast at general meetings of Countrywide. The above transactions to be undertaken by OCM Luxembourg EPF III Castle Holdings S.à r.l and Brandes Investment Partners constitute related party transactions for the purposes of Listing Rule 11.1.5R and require the approval of Company's shareholders at a general meeting. Accordingly, the resolutions to be proposed at the General Meeting will seek approval of the Company's shareholders for these related party transactions. Smaller related party transactions | virtues and strengths | |
02/8/2018 17:06 | I don't know if it will be possible to apply for excess to the basic open offer allocation. That would help reduce dilution, but only possible if some holders don't take up their allocations in full (which they won't). The prospectus isn't available online yet. They said expected later today. | typo56 | |
02/8/2018 17:01 | Let's see how it open 's tomorrow. | costax1654x | |
02/8/2018 16:53 | Short sellers will double money believe me | costax1654x | |
02/8/2018 16:53 | 1.1 billion shares at 10 pence! | costax1654x | |
02/8/2018 16:50 | Tomorrow it will be back to 15,just idiots will pay 20 when lots of shares at 10 will invade market! | costax1654x | |
02/8/2018 16:50 | no chance this will double or triple from here not with all those new shares coming to market. theres going to be nearly x7 more shares in issue!! the company even said in the RNS they had to price the shares at 10p due to lack of demand. yeah right!! those buying in the placing may double their money but not me if i was to buy now. i nearly bought some, i thought sub 15p was possible then after that 3:30 RNS came the share price shot up to 20p. | technowiz | |
02/8/2018 16:16 | will be top of the riser board tomorrow | cobra786 | |
02/8/2018 16:11 | They spelt it out this morning. PIs diluted by 85.3% if they don't take up, but still 67.9% if they do. | typo56 | |
02/8/2018 15:31 | Completion of bookbuilding process. Open offer 6 for 5 as guessed. Means placees not excluded from taking up open offer, if they have entitlement. | typo56 | |
02/8/2018 15:04 | This is not going to survive It will all be broken up Not yet But the writing is on the wall | dt1010 | |
02/8/2018 14:00 | spread has narrowed i think. 16.1p to buy. spread 16.00-16.44 on my screen. | technowiz | |
02/8/2018 13:43 | Current market cap on the hlshares website showing at £41.65m. So not £27m and not taking any account of the new shares! What's the point of basing the market cap on the existing number of shares? Unless you think the fundraising isn't going to happen. | typo56 |
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