Ep Global Opportunities Share Discussion Threads

[hugepants] 28/2/2022 10:11

Only 31.7% tendered overall so good result.

[hugepants] 15/2/2022 14:50

Tendered the lot. The circular says the directors (approx 10%) aren't taking up the basic entitlement so will definitely get more than 20%.

[hugepants] 26/1/2022 10:18

Tender circular out;


You can tender at least 20% of your shareholding at a 2% discount to NAV.
Current discount is 11% (latest NAV is 323.4p)

Details of the Tender Offer

The Tender Offer will enable those Shareholders (other than Restricted Shareholders and certain Overseas Shareholders) who wish to sell some or all of their Shares to elect to do so, subject to the overall limits of the Tender Offer. Shareholders who successfully tender Shares will receive the Tender Price per Share, being the NAV per Share as at 24 February 2022 less a 2 per cent. discount and the costs and expenses associated with the Tender Offer.

Under the terms of the Tender Offer, which is being made by Panmure Gordon (UK) Limited ("Panmure Gordon"), Shareholders (other than Restricted Shareholders and certain Overseas Shareholders) will be entitled to tender up to their Basic Entitlement, rounded down to the nearest whole Share. Shareholders may also tender additional Shares, but any such excess tenders above the Basic Entitlement will only be satisfied, on a pro rata basis, to the extent that other Shareholders tender less than their aggregate Basic Entitlement.

The Tender Price will be announced on 28 February 2022 in accordance with the calculation method set out in the Circular. The maximum number of Shares that will be purchased under the Tender Offer will be 20 per cent. of the issued share capital of the Company. The Basic Entitlement will be 20 per cent. of the shares held by a Shareholder as at the Record Date.

Subject to the satisfaction of the conditions relating to the Tender Offer, Panmure Gordon will purchase, as principal, Shares validly tendered under the Tender Offer at the Tender Price. Following completion of those purchases, it will then sell all the relevant Shares back to the Company pursuant to the Repurchase Agreement at the Tender Price by way of an on-market transaction on the main market of the London Stock Exchange. The Shares which the Company acquires from Panmure Gordon will be held in treasury. The repurchase of Shares by the Company under the Repurchase Agreement will be funded from the Company's special reserves..........

[hugepants] 17/1/2022 13:56

Anyone holding this trust? I've been buying some of these at 291p. NAV 321.5p. So an a 9.5% discount. 30% of NAV covered by cash.
There is a tender offer document imminent (early January) allowing shareholders to tender a minimum of 20% of their shareholding at a 2% discount to NAV.

[professor tweet] 22/8/2018 11:54

If you own a dog called Spot, but change its name to Bruiser, its still a dog.

Food for thought.

[aidypiper] 12/12/2005 13:28

evp dont look to good Helen luv

[bj444] 02/2/2001 23:24

Helen, being a female, I thought you'd be more careful !!

[petefirks] 02/2/2001 16:15

Why Don't You
1-Check out the correct nane for this co -POLYMERS
2-put the correct epic --evp
3-All the info is on the other thread

[helengeneral1] 02/2/2001 16:08

anyone take a look at EVP, they are making a biodegradable polymer that can be formulated to disolve in water at predetermined temperatures.there is growing european demand for biodegradable plastic waste bags,market estimated to be worth £50m annually. shares in this company went up 4p to 29p today on news that the company are close to clinching several deals with some major plastic product makers