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RIG Cqs Rig

36.25
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cqs Rig LSE:RIG London Ordinary Share GG00B1GVK032 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 36.25 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 36.25 GBX

Cqs Rig (RIG) Latest News

Real-Time news about Cqs Rig (London Stock Exchange): 0 recent articles

Cqs Rig (RIG) Discussions and Chat

Cqs Rig Forums and Chat

Date Time Title Posts
29/6/201817:31Oil Drillers Thread (incl. Transocean)5
11/8/201422:49RIG - CQS Rig Finance Fund Limited589

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Cqs Rig (RIG) Most Recent Trades

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Cqs Rig (RIG) Top Chat Posts

Top Posts
Posted at 29/6/2018 17:31 by markfrankie
sold rig today, will be back again
Posted at 04/2/2015 23:01 by markfrankie
Did a small punt on RIG (transocean) this week, anyone else an international trader here ?
Posted at 17/7/2014 07:17 by steelwatch
17/07/2014 7:00am

NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM

CQS RIG FINANCE FUND LIMITED

At the request of the company trading on AIM for the under-mentioned securities has been cancelled from 17/07/2014 7:00am.
Posted at 16/7/2014 11:57 by steelwatch
Well, there it is. All over:
Posted at 16/7/2014 09:22 by steelwatch
16 July 2014

NOTICE

16/07/2014 7:30am

TEMPORARY SUSPENSION OF TRADING ON AIM

CQS RIG FINANCE FUND LIMITED

At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 16/07/2014 7:30am, pending an announcement.

Ordinary Shares of no par value, fully paid (B1GVK03) (GG00B1GVK032)
Posted at 11/7/2014 09:24 by steelwatch
Final Net Asset Value (NAV)

As at the close of business on 30 June 2014 the NAV per share was 36.13
pence.
Posted at 07/7/2014 17:18 by steelwatch
As at the close of business on 04 July 2014 the Estimated NAV per share was 36.12 pence.

As at close of business on 04 July 2014, the portfolio was 99.82% in cash and cash equivalents.
Posted at 18/6/2014 18:50 by steelwatch
The Manager has advised your Board that it hopes to sell all remaining
investments so that, by the date of the Extraordinary General Meeting,
the Company's assets should be held entirely in cash and cash
equivalents.

The Manager has further estimated that the terminal NAV of the Company,
after deduction of the Joint Liquidators' estimated fees, a Retention of
GBP50,000, any expenses properly incurred by the Joint Liquidators in
connection with the liquidation, and provision for all of the Company's
other liabilities will be GBP35,099,324, equivalent to 36.03p per Share.
This sum will be available for distribution to Shareholders in
accordance with the principles stated at section 5 below. To the extent
that your Board has over-provided for the Company's liabilities, or any
part of the Retention is otherwise unutilised, the Company's remaining
assets will also be distributed to Shareholders in accordance with those
principles.


etc., etc.,

Curtains!
Posted at 20/5/2014 07:07 by steelwatch
For release on 20 May 2014

CQS RIG FINANCE FUND LIMITED (the "Company")

(a closed-ended investment company incorporated in Guernsey with
registration number 45805)

The Board announces that it has been informed by the Company's largest
shareholders, CQS (UK) LLP, CQS Asset Management Limited and CQS Cayman
LP, who together hold 65.54 per cent. of the share capital of the
Company, that they would support a shareholder voluntary liquidation of
the Company.

Accordingly the Board will be making arrangements to convene an
extraordinary general meeting of shareholders to consider proposals to
cancel its admission to trading on AIM, to place the Company into
members' voluntary liquidation and thereafter to realise the Company's
assets and facilitate the return of available cash to shareholders.

A circular containing full details of the proposals and setting out the
timetable for the return of capital will be posted to shareholders in
due course.
Posted at 19/10/2012 17:06 by steelwatch
Scanning through, it appears to me that CQS Cayman's preference is for the offer not to be accepted:

For these reasons, CQS Cayman views the purchase of Ironsides' stake in CQS Rig Finance Fund as a positive outcome for the CQS Rig Finance Fund and Shareholders as a whole (notwithstanding that the purchase of Ironsides' stake results in the Offer being required under the Code, due to CQS Group's resultant shareholding exceeding 30 per cent. of the issued share capital of CQS Rig Finance Fund). The CQS Group continues to believe in the long-term future of CQS Rig Finance Fund and that CQS Rig Finance Fund will benefit from having a wide and like-minded shareholder base. Further, CQS Cayman has continued confidence in the opportunity presented by the rig finance asset class in which CQS Rig Finance Fund focuses its investment strategies and, therefore, intends that CQS Rig Finance Fund should remain: (i) a public company, (ii) listed on the CISX, (iii) admitted to trading on AIM, and (iv) following its existing investing policy and dividend policy.

However, CQS Cayman wishes to assure Shareholders that, in the event that (contrary to its intentions in making the Offer) acceptances are received which, when taken together with the interests of CQS Cayman and the other members of the CQS Group, would exceed 75 per cent. of the issued share capital of CQS Rig Finance Fund and the Board of CQS Rig Finance Fund considers that it would not be in the best interests of Shareholders to keep CQS Rig Finance Fund listed on the CISX, nor for its Shares to continue to be traded on AIM, CQS Cayman would likely take steps to delist, to cancel the admission of its Shares to trading on AIM and to wind-up CQS Rig Finance Fund in order to ensure that Shareholders would not be in the situation of remaining as minority Shareholders in an unlisted private vehicle.
Cqs Rig share price data is direct from the London Stock Exchange

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