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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Derriston Cap. | DERR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.65 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.65 |
| Top Posts |
|---|
Posted at 23/9/2018 14:14 by rakepat37 I can only see this flying after Friday, so much news to follow and we have big hitter investors on board, interesting few weeks ahead. |
Posted at 18/9/2018 13:19 by stuffee If I could warn against some of the excessive enthusuiasm above.The prospectus states that on 28 Sept Derr will issue 250m new shares (after consolidation) of which 139m or 54% will be held by institutional investors (page 45) and I can't see any mention of any lock in on these. These new shares were recently placed at 100p per share (equivalent to 10p today) and I'm sure the holders will be tempted to take profits if there is a large premium over their issue price. I would certainly like a few of these for the future, believing that its acquisition, Media Monks has great future with Martin Sorrell but I wouldn't buy before 28 Sept due to the flood of new shares available. Although the price might well fluctuate a bit over next ten days due to the very tight market, I can only see a potential fall just before 28 Sept. Interesting that Nigel Wray's original partner in Derr, Stephen Hemsley, (perhaps rather shrewdly) ditched most of his shares yesterday. I now see that Roy Nominees an associate of Nigel Wray has just announced it has also ditched a large slug. |
Posted at 16/9/2018 14:59 by bernymadoff Interesting post from LSE courtesy of Stuffee:Don't think the lock in is as tight as you suggest. Page 46 of the prospectus states the new group from 28 Sept will have 255m shares, (after consolidation) of which institutional investors will have 139m or 54%, These funds bought at equivalent of 10p (100p after consolidation) and will dictate the future price. There's no indication there are any lock ups on these shares and I guess they will be tempted to sell at any big premium over 100p (post consolidation). I agree the market will be extremely tight before 28 Sept and could go anywhere, but I fear big collapse on this date. I would certainly like a few but would not touch this before 28 Sept |
Posted at 16/9/2018 09:52 by cabster Times ArticleShares in the cash shell behind Sir Martin Sorrell’s new vehicle rose almost 50 per cent at one point after they started trading yesterday afternoon, highlighting concerns that the market for its shares would be volatile before a planned reverse takeover. The UK Listing Authority is understood to have initially blocked the relisting of Derriston Capital — whose shares were suspended in May when the reverse takeover was announced — because of concerns that there would be a false market. This is because the share capital of Derriston will represent less than 1 per cent of the enlarged group once a reverse takeover by Sir Martin’s S4 Capital is completed. However, in an abrupt change, the authority lifted the suspension of trading yesterday afternoon. Investors sent Derriston’s shares up sharply. They closed up 4½p, or 40 per cent, at 16p. More than 8 million of the 25 million shares in issue in Derriston have already been traded. Sir Martin, 73, turned WPP from a wire basket maker into the world’s biggest advertising and marketing company over 30 years in charge. He left WPP in April after an investigation into his personal conduct. He denies any wrongdoing. He is using Derriston to build his “next generation” advertising company. Derriston is due to seek shareholder approval on September 27 for the reverse takeover of S4 Capital, the vehicle for the new advertising venture. In a statement yesterday, shortly before the suspension was lifted, Derriston warned there “can be no guarantee that the outstanding conditions” on the acquisition will be satisfied. Sir Martin has put £40 million into S4 Capital and raised £11 million from fund managers. The UKLA declined to comment. |
Posted at 15/9/2018 08:59 by okspookie loads of media coverage this morning?where? i can only find a small piece in Proactive Investors |
Posted at 14/9/2018 15:09 by chrisfillyourboots Nearly half of the Derriston shares in issue (25m) already changed hands as retail investors clamber aboard the SMS Express. Expect this to attract weekend publicity and open at 25p on Monday. |
Posted at 14/9/2018 13:17 by cpap man Some investors just don't get it - DERR are offering with Sir Martin Sorrell of WPP fame on board a once in a life time opportunity! |
Posted at 12/9/2018 11:50 by webpax I believe suspension will be lifted before the 28th otherwise there would be no need for the warning in yesterday's RNS:"Accordingly, the Company will shortly request that the suspension of listing of its shares is ended. Shareholders should be aware that, as at the date of this announcement, the share capital of the Company has not been enlarged by the issue of shares expected in connection with the Acquisition. The Company's share capital continues to be comprised of 25,000,000 ordinary shares of 2.5 pence each. Shareholders should also be aware that, if Admission occurs, the existing ordinary shares of the Company will represent approximately 0.98 per cent. of the Company's enlarged share capital following Admission. Investors considering dealing in the Company's ordinary shares prior to completion of the Acquisition should be aware of the risk of considerable volatility as a result of the very limited market in the existing shares prior to the new shares being issued and listed." |
Posted at 11/9/2018 06:31 by molatovkid From todays RNS:Shareholders should be aware that, as at the date of this announcement, the share capital of the Company has not been enlarged by the issue of shares expected in connection with the Acquisition. The Company's share capital continues to be comprised of 25,000,000 ordinary shares of 2.5 pence each. Shareholders should also be aware that, if Admission occurs, the existing ordinary shares of the Company will represent approximately 0.98 per cent. of the Company's enlarged share capital following Admission. Investors considering dealing in the Company's ordinary shares prior to completion of the Acquisition should be aware of the risk of considerable volatility as a result of the very limited market in the existing shares prior to the new shares being issued and listed. |
Posted at 30/5/2018 06:08 by euclid5 The Board of Derriston has reached agreement on the terms of a transaction to acquire S4 Capital Limited ("S4 Capital"), a newly incorporated company that has recently completed a £51 million equity fundraising.The transaction with S4 Capital constitutes a reverse takeover under the Listing Rules and as a result the Company has requested a suspension of listing of its shares. Highlights: Derriston announces proposals for: · The conditional acquisition of S4 Capital, a newly incorporated company which has recently completed a £51 million equity fund raise, of which Sir Martin Sorrell contributed £40 million with the balance of the funds coming from institutional and other investors. · S4 Capital has received substantial non-binding letters of support from a number of its institutional investors indicating that they would, in principle, be willing to provide over £150 million of further equity funding to support S4 Capital's acquisition plans. · The appointment of Sir Martin Sorrell (as Executive Chairman) and Paul Roy and Rupert Faure Walker as non-executive Directors on Completion (subject, in the case of Paul Roy, to his receiving required consents). · A new corporate strategy to build a multi-national communication services business, initially by acquisitions. · The acquisition of S4 Capital will result in the issue of 591,967,000 New Ordinary Shares. · Changing the name of the Company to S4 Capital plc. Sir Martin Sorrell, Executive Chairman of S4 Capital, said: "S4 Capital is a company that aims to build a multi-national communication services business focused on growth. There are significant opportunities for development in technology, data and content. I look forward to making this happen." Sir Martin Sorrell formed S4 Capital in May 2018 and has personally invested £39.9 million in S4 Capital by subscribing for the S4 Founder Ordinary Shares at £1 per S4 Founder Ordinary Share and has raised a further £11 million from institutional and other investors at the same price. Sir Martin has also invested £100,000 in A2 Incentive Shares. The Directors of the Company understand that S4 Capital is at present in preliminary discussions regarding a select number of potential acquisitions that would fit with the strategy of building a multi-national communication services business. S4 Capital intends to target businesses focused on technology, data and content. |
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