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GNE Gne Grp

175.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gne Grp LSE:GNE London Ordinary Share GB0031791899 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 175.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Global Natural Energy Share Discussion Threads

Showing 9401 to 9425 of 9625 messages
Chat Pages: 385  384  383  382  381  380  379  378  377  376  375  374  Older
DateSubjectAuthorDiscuss
22/2/2009
15:46
I'd rather we were termed "angry shareholders" rather than rebels and surely references to Ratty should include words such as "greedy", "chancer" and "pirate" !!
chrismez
21/2/2009
19:16
Simon ,I am very grateful that you are on our side, luckily for us Mr.Ratcliffe was not clever enough to get you on board, although I well know a man of your integrity would not accept any dodgy deals at the small shareholders' expence. Thank you.
giovannina
21/2/2009
18:52
topvest,

I do not know what necessarily constitutes a large holding. But I have supported Keith Moss with the circa 250,000 shares held by members of my family. I think that if a 75% majority is required to achieve investment trust status it will not succeed.

Small shareholders would be foolish not to oppose Ratcliffe.

Simon Cawkwell

simon cawkwell
21/2/2009
18:44
I don't want to be negative about our chances here, but it's a bit disappointing that we haven't had an announcement by a more convincing opposition. Well done Keith Moss for trying, but have we any large holders actually on board?
topvest
21/2/2009
18:13
COMPANIES

FT Home > Companies

Rebels resist trust proposals for GNE
By Neil Hume and Bryce Elder

Published: February 21 2009 02:00 | Last updated: February 21 2009 02:00

Aim-listed GNE was in focus yesterday after rebel shareholders urged investors to vote down a plan to turn the company into a technology focused investment trust.

Keith Moss, chairman of the GNE Shareholder Action Group, said the company had been hijacked by minority shareholders who had reneged on plans to pay a 150p a share special dividend from proceeds of a disposal.

"We intend to vote down the resolutions at the EGM on March 4," said Mr Moss, who is writing to all GNE shareholders.

An investor group led by Martyn Ratcliffe, chairman of Microgen, the software company, seized control of GNE in December after buying a large chunk of stock in the market. It controls 29 per cent of GNE, which closed unchanged at 157p½p.

model635
21/2/2009
11:13
Media interest!!!
bazw1
20/2/2009
18:33
my e mail of 17th said she would be back in the office thurday 19th feb! maybe her mailbox is full now?
kooba
20/2/2009
18:29
Presumably those of you (and me) who have sent e-mails to Sarah Jacobs within the last 72 hours or so will have had the automated Out of Office reply.

However, most of you that took the trouble to examine the Out of Office reply will have spotted the faux pas by our little Miss Sarah, who states in terms that she will be out of the office until "Friday 29 February 2009".

Doesn't exactly inspire confidence that the nomad knows what it is doing, does it.

chrismez
20/2/2009
18:09
i'm not sure they have to rns the letter or put it on the co's website not a usual situation that shareholders have to take this course of action!i would certainly push the company to do both.if not i think the newswires afx and dj will be interested.
assuming they have recieved communication it will be interesting to see how long it takes for their agreement and when the letter physically goes out.

kooba
20/2/2009
17:59
Kooba - OK waiting confirmation - will they need to issue an RNS re the shareholders letter?
model635
20/2/2009
17:45
model635 i would check with KM that document served..i understood he was in a position to do so but i have not had it confirmed that they have been served.i also understand that a press release has been issued outling the concerns of the action group so it might get picked up on..especially if mr cawkwell is involved.you are correct model635 not many answers to any queries levied to co or it's advisors that could well be because as you say somebody could have registered a complaint and they have all clammed up.they now know that they have some genuine opposition to change of strategy. the concert party has a strong position but if enough pi's can get a no vote in we could pip them at the post.
kooba
20/2/2009
17:31
Kooba informs me that the documents have been served on the directors of GNE and the media are following up on the story, so watch the press over the weekend and early next week.A complaint has been made to the AIM authorities and I beieve they are now investigating director and Nomad conduct.The Nomad has gone strangely silent, and GNE's legal advisor is trying to find an answer to why resolution 1 is down as general and not special as outlined in the company's articles.Opening round to the NO voters I'd say!!
model635
20/2/2009
16:39
Cheap internet brokers such as Idealing.co wont allow you to vote unless you pay £30. I guess selftrade is the same. Better brokers allow you to vote for free. Bloody nominee accounts.
ironhorse
20/2/2009
16:26
No problem (or charge) instructing Barclays MarketMaster. Done.
ken123rose
20/2/2009
16:06
TDWaterhouse only do it as a 'courtesy' and couldn't guarantee to get my instructions over in time.

Is there any legal/other requirement people can quote at their brokers that to ensure that nominee holders can get their votes cast?
As benefical holder of the shares i would have thought this would be the case

privileged
20/2/2009
16:04
thanks for the info bazwl.
jay083
20/2/2009
15:59
jay083 - I remember from another share where the PI's were banding together to vote against a proposal, that selftrade wouldn't vote on your behalf. There were quite a few holders that posted the same problem at the time.
bazw1
20/2/2009
15:53
kooba - any luck for the weekend press?
model635
20/2/2009
15:49
cheers kooba - i shall enquire again.
jay083
20/2/2009
15:32
not normally the case.most hold shares in nominees these days including myself,this does not mean as a shareholder you are disenfranchised.i simply have to instruct my broker of how i wish to vote [which is not often] and the nominee votes by proxy on my behalf.unless selftrade has specific rules they are being unnecessarily difficult.they would have recieved the documentation and proxy forms and you have every right to vote imo.

from selftrade web
'Nominee account' structure enables us to carry out your instructions with minimum fuss and maximum efficiency - whilst you remain the beneficial owner.

kooba
20/2/2009
15:21
selftrade recon that i can't vote because i hold the shares in a nominee a/c - unless i paid them 10 quid to cetificate the shares in my own name - is that right?
jay083
20/2/2009
11:02
nod you suggesting that this man might be the real power behind the throne

[n.b. Mr Ratcliffe, North Atlantic Smaller Companies Investment Trust
Plc and Mr Patrick Barbour are presumed to be acting in concert.]


Christopher Mills Chief Executive Officer Christopher Mills is a founding director of JOHCM and the Chief Executive and Investment Manager of North Atlantic Smaller Companies Investment Trust PLC (NASCIT). Prior to joining the board of JOHCM in 1993, he was a director of Invesco MIM and Samuel Montagu International Limited. At Invesco MIM, he was head of North American Investments and North American Venture Capital. He is also a non-executive director of a number of UK and US companies.

kooba
20/2/2009
10:44
i'm not a holder of GNE so haven't followed too closely recently but know the GNE history very well. I was trying to understand some of the items in the circular. For example, how do Hambro fit into all this? They appear to be a key player with their finance director (Warner) coming from JO Hambro. Perhaps Hambro are the pirate captains and Ratcliffe is a deckhand? Why are the Hambro outscourced services a "related-party" transaction?:....

As part of these arrangements it is anticipated that the Company's registered office and principal place of business may change to c/o JO Hambro Capital Management Limited, Ground Floor, Ryder Court, 14 Ryder Street, London SW1Y 6QB.
The agreements entered into by the Company in respect of the SML structure and the provision of outsourced services to the Company by JOHCML are regarded as related party transactions under the AIM Rules for Companies. The Directors, other than those involved in the transaction as a related party, having consulted with the Company's Nominated Adviser, consider the terms of these arrangements to be fair and reasonable insofar as Shareholders are concerned.

Peter Hambro is the 2nd biggest gold miner in RUSSIA - there's that Russian connection again. Peter is related to JO Hambro (Jamie) but is this Russian connection a coincidence wrt this deal.

nod
20/2/2009
08:37
what a thriller rodney!
kooba
20/2/2009
07:56
Dell Boy at the helm and guess who he's invited to the party...........

● Mr Michael Jackson will be invited to join the Board as a non-executive director of GNE.

model635
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