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FXI Fusionex

63.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fusionex LSE:FXI London Ordinary Share JE00B8BL8C53 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 63.50 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 63.50 GBX

Fusionex (FXI) Latest News

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Fusionex (FXI) Discussions and Chat

Fusionex Forums and Chat

Date Time Title Posts
15/3/202213:52Fusionex International plc2,141
06/1/201715:56FUSIONEX - the new Altitude!3
04/3/200910:14China shares, the etf4

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Fusionex (FXI) Most Recent Trades

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Fusionex (FXI) Top Chat Posts

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Posted at 29/9/2021 18:48 by time to share
I was paid my money on 21st September into my online sharedealing account.
I did not accept the offer at the time either. Got the 70p per share.
Posted at 24/8/2021 19:26 by chadders
I exchanged my shares, that were held in a nominee account, for a share certificate shortly after the delisting. Selling my shares was simply filling in a form and posting it to Leeds.

As the deal went through, all remaining shares will be compulsory purchased at 70p...it just takes a bit longer now.
Posted at 16/8/2021 18:05 by scuava
Yeah I finally got a mail from Degiro saying there was a takeover offer at 70p. Nothing since then and nothing in the app itself, so just waiting now. Fusionex investor relations emailed to say there was already sufficient interest that the deal would go through so I think we’re all going to get cash @ 70p/share. No idea how long it’ll take though
Posted at 29/7/2021 09:29 by chadders
Ripped off by Teh. Unfortunately there's no way to organise any kind of resistance and it'll go through on the nod. Teh gets a big chunk of change, a new contract with NewCo, share options etc., no wonder the offer is endorsed by the board. He should hang his head in shame. He personally destroyed the wealth of shareholders when he spat his dummy out and delisted Fusionex against the advice of many including his then Chairman. He couldn't relist - he claims - after several attempts which is not surprising really because he already screwed one set of shareholders so who in their right mind would back him again. No recourse just another disgraceful chapter demonstrating lack of integrity and dodgy moral values.
Posted at 26/7/2021 16:01 by time to share
I received my corporate action via my broker today. I dont want to sell my shares for 70p either. But....
As stated earlier, if they get 90% acceptance from Fusionex shareholders, then they can acquire the rest.
I have until August 5th to decide.

FUSIONEX INTL - Take-Over
Recommended Cash Offer by Horyzon Assets LTD (Horyzon).

70 pence for each Fusionex International plc (Fusionex) Ordinary share held.

You Have The Following Option:

1 Accept the Offer on your holding of xxxx FUSIONEX INTL ORD NPV shares.

We will process your instruction on or after 05 August 2021 23:59 and your election will be applied to your holding at this time. If you elect to accept the Offer, your shares will not be available for you to sell, or to accept any other Offer unless this Offer lapses. Please note that if you accept the Offer and proceed to sell your shares, you may be liable to buy back costs.
Important Information & Other Key Dates:

On 19th July 2021, the Boards of Horyzon and Fusionex have announced that they have agreed the terms of a recommended cash offer by Horyzon in whiich Horyzon will acquire the entire issued share capital of Fusionex which it does not already own.

If Horyzon receives acceptances under the Offer in respect of, or otherwise acquires 90 percent or more of the Fusionex shares and assuming that all of the other conditions of the Offer have been satisfied or waived, Horyzon intends to exercise its right to acquire compulsorily the remaining Fusionex shares on the same terms as the Offer.

Please be aware that should you choose to accept the Offer, it is not yet known when the cash proceeds are expected to be received. We will, however, update your account accordingly once the entitlements have been credited.

If you wish to accept the Offer, please do so as soon as possible as the Offer may not be extended.

Before making any decision please take into consideration all relevant factors of the event including the current share price and any possible tax implications. If you require any further information in making your decision please contact an appropriate professional advisor.

Should you choose not to accept the Offer at this time, we will contact you again if the Offer is extended, the terms of the Offer change, the stock is compulsorily acquired or if we are notified that the Offer is closing.

Please be aware that if you make your election by post your election must reach us by no later than 5th August 2021. Any elections received after this date will not be accepted. If you have any concerns that your election will not reach us in time, please contact us by phone prior to the deadline and we can log your election.

Please note that acceptance of this Offer will only be applied to the number of shares you hold at the time we process your instruction.

Please note that should you elect to accept the Offer, your shares will be removed from your account after our Advice Date (5th August 2021).

Should you wish to find more information about the Offer, please visit the Fusionex website, hxxps://www.fusionex-international.com/

What Happens If I Don't Elect ?

If you do not wish to accept the Offer at this stage then you should take no action.

When Is The Last Time I Can Elect ?

Please ensure you submit your option before 05 August 2021 23:59 to enable us to process your instruction in accordance with the Company's current published timetable for this event. This timetable may change as explained above.
Posted at 23/7/2021 16:57 by bobogyo
So this is a have to accept price, right? And no other way to get a better price at any later time?
Posted at 23/7/2021 10:59 by scuava
This is what I had from investor relations…


Thank you. We have managed to trace your holding.

In summary, the company received an offer for the acquisition of all shares and this offer was notified to all registered holders including your broker on 19 July 2021. The offer price may be obtained from your broker.

Should the company receive acceptance of the offer from shareholders holding in aggregate 90% (9/10ths) or more of the company’s shares, the offer becomes unconditional and the remaining shares will be compulsorily acquired in due course.

It has been mentioned in the notification issued on 19 July 2021 to your broker that shareholders holding more than 90% of the shares of the company will be accepting the offer, and indeed the company has as at to date already received the signed acceptance forms amounting to more than 90%.

Hence it is our recommendation that you instruct your broker to accept the offer on your behalf soonest in order to facilitate a faster receipt of the consideration amount payable to you for the shares that you hold.
Posted at 23/7/2021 10:57 by scuava
My understanding is it’s an all share offer, so if they acquire over 90% of the shares the remaining 10% will also automatically be sold at the offer price.

I just had a response from investor relations that said they’ve already exceeded the 90% threshold, so it sounds like all shares will be acquired at 70p. Unless I’m misunderstanding something or my info was wrong.

But yes I agree, if they’re buying for 70p it suggests they’re worth more. So that sucks if it’s the case that we have to sell.
Posted at 20/7/2021 17:59 by mida5
The paperwork came through today 70p a share offer
Posted at 20/7/2021 14:22 by mida5
Pursuant to Part 18 of the Companies (Jersey) Law 1991, as amended

Notice is hereby given in accordance with Article 116(2C) of the Companies (Jersey) law 1991, as amended that a recommended cash offer (the "Offer") has been made by an offeror ("Offeror"), to acquire all the issued ordinary share capital of Fusionex International plc ("Fusionex") not already owned, or agreed to be acquired by Offeror.

The Offer Document may be inspected, and a copy obtained, during the offer period at the Company's registered office at 12 Castle Street, St Helier, Jersey JE2 3RT.
Fusionex share price data is direct from the London Stock Exchange

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