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Share Name Share Symbol Market Type Share ISIN Share Description
Elektron Plc LSE:EKT London Ordinary Share GB00B0C5RG72 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 44.80p 81,840 08:00:00
Bid Price Offer Price High Price Low Price Open Price
44.00p 45.60p 44.80p 44.80p 44.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 29.80 2.70 1.10 40.7 83.4

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Date Time Title Posts
07/1/201913:50EKT - Looking Good!1,317
04/5/201808:13The Elektron Thread211
27/3/201719:34Elektron Technology PLC1,117
21/3/201718:55Ekt fit for the bin14
04/3/201718:13Elektron +30% in last 7 days79

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Elektron (EKT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-21 15:45:5545.204,4241,999.65O
2019-01-21 15:37:2545.2015,0006,780.00O
2019-01-21 15:34:3945.201,080488.16O
2019-01-21 13:06:2644.6110,0004,461.00O
2019-01-21 12:43:4244.6546,16520,612.67O
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Elektron (EKT) Top Chat Posts

Elektron Daily Update: Elektron Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker EKT. The last closing price for Elektron was 44.80p.
Elektron Plc has a 4 week average price of 43.50p and a 12 week average price of 32.30p.
The 1 year high share price is 48.50p while the 1 year low share price is currently 19.50p.
There are currently 186,099,851 shares in issue and the average daily traded volume is 27,639 shares. The market capitalisation of Elektron Plc is £83,372,733.25.
nico115: Haha reported!!Look at every B.B. you foolI think ekt price is too high ,I have been proved right so far!!I think Italy is more than 1pct of revs
gtibruce: nico115 So are you implying that the share price is not going to bounce back from here and if you know for sure SIMON TEMPLAR is truly bankrupt i don't see a for sale sign out side when i drive by and lastly who do you think it is who has just spoilt and brought the price down with large chunks of shares. The lesson ive just learned is when good news comes around and it suddenly hits a new peak and you have in mind to sell, then dont hesitate ..
johnwise: 09/08/2018 7:00am RNS Number : 2642X Elektron Technology PLC Trading Statement
beeks of arabia: Ahh - Nico's strategy laid bare. Sell and then talk the share price down. What a cad, bounder even.
walbrock82: As I sieved through Elektron Technology accounts and annual report, I concluded it is a turnaround company. Management ability to sell the assets that won’t enhance profits and stick with assets that will generate incremental returns have been successful. The result is from the rising share price. I like this company a lot and it ranges from their strong balance sheet and improving operations, but also it has the potential to be a takeover target for the big tech companies. If Elektron is on a full recovery then I expect valuation to double in five to six years’ time at a minimum. And medium-term investor shouldn’t worry about the short-term volatility, but they should worry about competition. Overall, it’s a great company with potential to grow and it requires further research. For more on annual results from Elektron Technology and yesterday’s update from Trinity Mirror and the interpretation of Ophir latest acquisition, click
tilly99: Oh yes forgot it was today!!Another court case!! LolAnyone have a view on Ekt share price?Up with events or a free bet on Checkit and Henson eye ?
tilly99: Kinder sold some Ruffer bought some Still think some mileage yet in EKT share price as the pound strengthening is a big positive
blackss: Read the LTIP blackss OK read it, please point out where it says these options are subject to any closed period ? New LTIP John Wilson and Andy Weatherstone will each receive awards equivalent to 5m and 2.5m Elektron Technology plc shares respectively. Each will only benefit to the extent that the share price exceeds 10 pence, and the awards will vest after the financial year 31 January 2019 (the Performance End Period) if the following performance hurdles are met: a) the consolidated cash balances exceed £8m after adding back any cash distributions paid to shareholders and deducting all consolidated Group financial liabilities and any net working capital liabilities per the audited accounts; and b) the share price (plus any cumulative cash distribution paid to shareholders before the Performance End Period) is (i) greater than 15 pence but less than 17.5 pence (in which case 75% of the allocation vests), (ii) greater than 17.5 pence but less than 20 pence (in which case 85% of the allocation vests), and (iii) greater than 20 pence (in which case 100% of the allocation vests). The share price for these purposes will be a 90-day volume weighted average measured from the date the audited accounts for the Performance End Period are announced. Vesting will be triggered earlier (irrespective of condition (a) above being met) if cumulative cash distributions have been made to shareholders before the end of the Performance End Period equal to the hurdles mentioned in (b) above (i.e. if there are cumulative cash distributions totalling 15p per share, then 75% of the award vests etc.). Awards will also vest early in the case of certain corporate transactions, including a takeover of the Company. The major differences between the NLTIP and old JSOP are as follows: · The participants in the NLTIP (unlike the JSOP) will have no voting rights in Elektron Technology plc until the awards vest and the participants receive Company shares. · Keith Daley will not participate and Andy Weatherstone will participate. The reverse was the case with the JSOP. · The NLTIP contains two vesting criteria (including a cash hurdle) whereas the JSOP was based on a single target price. · Under the NLTIP the participants will only benefit to the extent that the share price exceeds 10 pence (being a 90% increase in the share price at the date at the date the Annual Report was approved). Under the JSOP scheme, including the stock appreciation rights, the entire award was capable of vesting if a single target price of 17.8 pence (if adjusted to take account of the 2014 placing) was met. The awards will be structured under a tax-advantaged Employee Shareholder Shares (ESS) scheme where shares in Elektron Technology UK Limited (ETUK), a wholly owned subsidiary, will be issued to each of John Wilson and Andy Weatherstone. If the performance hurdles are met, the participants can put vested ETUK shares to the Company or Trustee for an amount determined by reference to the sum of (i) any cumulative cash distributions made by the Company to the Performance Period End plus (ii) the 90 day volume weighted Elektron Technology plc share price immediately prior to the date of exercise of the put less (iii) the 10p hurdle. Such amount can be paid in Company shares (or in cash if so determined by the Remuneration Committee). If the performance hurdles are not met the ETUK shares will be acquired by the Company at no cost. Any Company shares received by participants must be retained until 31 January 2021 (subject to an ability to sell sufficient Company shares to cover any tax liabilities arising from the award). The awards will be forfeited if the participant ceases employment before the end of the Performance End Period other than for agreed good leaver reasons. Malus and clawback provisions also apply. In the event of sale of all or substantially all of assets or 75% of the shares in the Company the awards will vest in full noting the participants will only benefit from any increase in value over 10 pence per share. Shareholders will be asked to approve the remuneration report in the Company's Annual Report at the forthcoming AGM. This vote is advisory and the Directors' entitlement to receive remuneration is not conditional on it. In the event that the advisory vote is not carried the Remuneration Committee will consult with shareholders before implementing any changes to Directors' remuneration.
tilly99: Simon I do feel that this year we will see some fireworksDaley knows that his time is up unless he pulls something out the bagShareholders aren't just going to pay for his lavish lifestyle of champagne and trips abroad without getting something back in terms of ekt share price gains
yoyoy: Elektron Technology Conclusion of Strategic Alternatives Process RNS Number : 1029K Elektron Technology PLC 20 June 2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, RUSSIA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL Elektron Technology plc ("Elektron" or the "Company" or the "Group") Conclusion of Strategic Alternatives Process Termination of Formal Sale Process and End of Offer Period Intention to Raise up to £3.5 million via a Placing and Open Offer Elektron Technology plc (AIM: EKT), the global technology group, announces the conclusion of the Strategic Alternatives Process previously announced on 7 April 2014 and that it is in advanced negotiations to raise up to £3.5 million via a placing and open offer. As part of the Strategic Alternatives Process, the Board received various approaches from third parties interested in making an offer or providing additional capital funding for the Company. The most attractive approach was an indicative offer which valued the Company's equity on an indicative basis at 10 pence per share. This indicative offer was received on 8 May 2014 and was subject to a period of further due diligence and there was no certainty that a firm offer would actually be made nor as to its terms. This approach included a precondition that certain specified shareholders holding in aggregate over 55 per cent. of the Company's issued share capital provided hard irrevocable undertakings to accept an offer made by the potential offeror at the level of 10p a share. John Kinder and Keith Daley, being two of the Company's major shareholders, holding in aggregate approximately 25.95* per cent. of the Company's issued share capital, confirmed in writing to the Company that they were not prepared to accept an offer at 10 pence per share nor to give hard irrevocable undertakings to accept such an offer. On 16 June 2014 the Company received a revision to the approach outlined above. This revised approach excluded any precondition in relation to the provision by John Kinder and Keith Daley of irrevocable undertakings to accept an offer at the level of 10 pence per share, but still required certain shareholders holding in aggregate over 32 per cent. of the Company's share capital to provide hard irrevocable undertakings to accept an offer at this price. In addition, as part of the preconditions of this revised approach the potential offeror would have needed to reach agreement with Messrs Kinder and Daley in respect of their own shareholdings. As part of the Strategic Alternatives Process, other potential proposals considered by the Board have included an equity fundraising to be supported by shareholders and/or third parties. The Board received expressions of interest in participating in a fundraising from several major shareholders including Keith Daley and John Kinder. In view of this, and the fact that Keith Daley and John Kinder, together with John Wilson, are part of a Concert Party, it was inappropriate for Keith Daley (Executive Chairman) and John Wilson (Chief Executive Offer) to participate in the decision-making process as to which course of action should be pursued. An Independent Committee of directors was, therefore, formed comprising Tony Harris and Ric Piper, both of whom are independent non-executive directors, and Andy Weatherstone, the Chief Financial Officer (the "Independent Committee"). The headroom on the Group's working capital facilities reduced significantly in the prior financial year and as at the Group's year end on 31 January 2014 the Group had headroom of £1.1 million. Whilst the Group has generated cash in the first quarter (to 30 April 2014) of the current financial year it has experienced some reduction in sales in May resulting in a fall in available headroom given the Group's principal source of working capital is an invoice discounting facility. The Group is currently operating on low levels of headroom. As a consequence of the fall in headroom and the Group's performance in the past year, the Group's principal lender, HSBC, and Elektron have entered into amended bank facilities. These amendments reset future covenant tests. In support of Elektron's current fundraising strategy, a new test has been introduced that will require the Group to maintain a minimum headroom of at least £1 million with effect from 30 June 2014. Failure to meet any of the covenants would technically give HSBC rights to step in and protect its position, at which time the Board will potentially have to consider options which may be destructive of shareholder value. Accordingly, the Independent Committee, mindful of the Group's financial position and the requirement of its banking arrangements and on the basis there could be no certainty that the conditions of the indicative approach referred to above could have been satisfied in the required timescale, if at all, has determined that an equity fundraising is the appropriate solution at this time. The Independent Committee has given consideration as to the best way to structure the proposed equity fundraising, having regard to, inter alia, current market conditions, the Company's near-term funding requirements, the level of the Company's share price and the importance of pre-emption rights to shareholders. After considering these factors, the Independent Committee has concluded that the most suitable option available to the Company and its shareholders as a whole is to structure the equity fundraising as (i) a placing (expected to be effected by way of a cashbox placing) and (ii) an open offer to shareholders with an excess application facility allowing existing shareholders to apply for further shares. The Company is in advanced negotiations to raise up to approximately £2.3 million (before expenses) through a placing with existing investors of new ordinary shares of 5 pence each (the "Placing Shares") at a price of 5 pence per Placing Share (the "Placing Price") (together the "Placing"). The Company also intends to raise up to a further approximately £1.2 million (before expenses) by way of an open offer of new ordinary shares of 5 pence each (the "Open Offer Shares") to existing shareholders at the Placing Price (the "Open Offer"). Existing shareholders would have the opportunity to participate by acquiring Open Offer Shares pro rata to their current holdings with the option of applying to subscribe for further shares under the excess application facility. To the extent that additional Open Offer Shares are not subscribed by existing Shareholders, investors including John Kinder and Keith Daley (among others) are expected to commit to subscribe for a certain number of these shares. If successful in its intention to raise the new funds, the Company intends to use the net proceeds of the Placing and Open Offer to reduce its borrowings with the bank, to fund working capital requirements and to invest in new product development and marketing. All indicative offers for the Company have now been rejected. The Board has decided to terminate the Strategic Alternatives Process, which includes a formal sale process under the City Code on Takeovers and Mergers ("City Code"), with immediate effect. Elektron has received confirmation from the participants involved in the formal sale process that they are no longer considering an offer for the Company. Therefore, the Company is no longer in an offer period under the City Code and accordingly, the requirement to make disclosures under Rule 8 of the City Code has now ceased. * Excludes Keith Daley's Joint Share Ownership Plan interest in shares held under the Elektron Technology 2012 Employee Benefit Trust. Including this further interest, John Kinder and Keith Daley are interested in aggregate in approximately 29.90 per cent. of the Company's issued share capital. For further information, please contact: Elektron Technology Keith Daley - Executive Chairman +44 (0)1223 371 000 John Wilson - CEO Andy Weatherstone - CFO
Elektron share price data is direct from the London Stock Exchange
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