Derriston Cap. Share Discussion Threads

[cpap man] 30/5/2018 07:44

Anyone have any ideas how long DERR will have its shares suspended from trading on the LSE?

[cpap man] 30/5/2018 07:42

MEGA news!!!!

[adejuk] 30/5/2018 07:34

i hope a lot of holders are about to become rich here
well done

[dplewis1] 30/5/2018 07:27

Yes, plenty more details to come and will be a very interesting few weeks. No mention of how the original Derriston shareholders will be treated, I guess they irrelevant in comparison to the numbers being touted (40mm from Sorrell, up to another 150mm from new investors, etc)

[ntv] 30/5/2018 07:15

happy to be here ahead of the good news for once

[rivaldo] 30/5/2018 07:14

Wow - DERR certainly caught a biggie :o))

Wish I'd bought a load more, but it was always going to be a punt on finding something, so happy with what I've got.

Now just got to count the days until the suspension lifts.....

[montyhedge] 30/5/2018 07:08

Well done boys, what price the placing ?

[euclid5] 30/5/2018 07:08

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.

[spectoacc] 30/5/2018 07:06

Well done holders - didn't see that coming.

[dplewis1] 30/5/2018 07:03

Suspended, 590 million odd shares to be issued

[zcaprd7] 30/5/2018 00:07

Well, that might be a result given the wait... Will need to see the details, but can't be bad news can it?

[chrisfillyourboots] 29/5/2018 23:45

BeHeard and RythmOne most likely

[clocktower] 29/5/2018 23:07

He will be swallowing othes. Media businesses on AIM market maybe a starting point.

[srpactive] 29/5/2018 21:46

d

Thank you.

[dplewis1] 29/5/2018 21:19

Who is voting down all the posts on here..someone a bit bitter they missed out by chance?

[dplewis1] 29/5/2018 21:18

Yes he still owns 8% I believe

[dplewis1] 29/5/2018 21:13

Ah nice find euclid, yes a suspension for sure then. The numbers are staggering for such a tiny cash shell, friends in high places..

[srpactive] 29/5/2018 21:12

Interesting, not invested here but looking indeed,
is Nigel Wray still involved?

[dplewis1] 29/5/2018 21:11

Seems from that story the details aren't 100% clarified, but not sure they can let it go unmentioned tomorrow morning. Some big names on the roster here, talk about a major coup for Derriston

[euclid5] 29/5/2018 21:11

It will be a RTO, so shares will get suspended, assuming they release rns tomorrow

"Although the deal to buy S4 Capital has not yet been finalised, the two parties have reached agreement on the terms of the transaction, which will constitute a reverse takeover.

Sir Martin has invested £40m of his own money into the new venture, with institutional investors having contibuted a further £11m to become shareholders in the business.

Derriston, which will change its name to S4 Capital once the deal completes, is expected to say the new shareholders have committed to investing a further £150m in the combined business.

[cottoner] 29/5/2018 20:56

Suspended on news tomorrow morning?

[opodio] 29/5/2018 20:19

200p coming and it won’t be anything to do with that hymen