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GTL Gtl Resources

99.00
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Gtl Resources GTL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 99.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
99.00 99.00
more quote information »

Gtl Resources GTL Dividends History

No dividends issued between 02 May 2014 and 02 May 2024

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Top Posts
Posted at 13/1/2012 13:29 by puffintickler
Yes I am disappointed with that, I would have liked my sizeable investment in GTL to be ongoing but I can understand that there are not enough participants to justify it.
Posted at 12/1/2012 15:57 by rumblinged
Looks like I'm not getting any Sinav shares then. Only valid elections for 1.5m is a bit disappointing. So none of that massive annual revenue from Zein will go to former GTL shareholders. I reckon it will refloat in 2014.
Posted at 18/11/2011 08:55 by p@
Grant of Options

GTL Resources PLC (AIM: GTL), the US based ethanol production and project development company, announces that, pursuant to a share
option scheme approved by the Board of Directors on 13 November 2008, on 9 December 2008 it granted options over ordinary shares in the
capital of the Company, at an exercise price of 21.0 pence each (being a 25% premium to the average of the closing share prices for the five
days prior to the date of grant), to the following directors and employees of the Company:



Director / employee Number of shares over which options have been
granted
Richard Ruebe (CEO) 350,000
Martha Schlicher (director 150,000
effective from 31/12/2008)
Other Group employees 250,000



The options are exercisable for seven years from 9 December 2011.
As previously disclosed Richard Ruebe holds 30,000 ordinary shares in the Company, and options, in addition to the options announced
today, over 67,782 ordinary shares at an exercise price of 225 pence each. Martha Schlicher has no interest in the share capital of the
Company other than the options announced today.
Posted at 08/11/2011 09:20 by puffintickler
mesquida

Not sure yet, GTL is my largest holding so to keep all in an unquoted vehicle is not an attractive proposition at my time of life. I suspect I will have to take half as cash. The rest will still be my largest holding though!

If my holding were smaller I would keep 100% in the unquoted vehicle. I already have one share that has gone unquoted, so far that has gone very well so I am a bit more relaxed about the idea than I would have been.

However as DesWalker points out the 10% threshold is quite high, more like 20% of the free float.
Posted at 08/11/2011 08:30 by puffintickler
mesquida

I think your statement below is incorrect

mesquida - 1 Nov'11 - 09:24 - 3070 of 3085

Clunes100- No, you will not be invested in a much larger vehicle. The vehicle that is being used to facilitate the bid has been set up solely for that purpose.

Section 5 of the last part of the offer includes the following text:

In addition to developing the existing business, the GTL Board has pursued a dual strategy of identifying undervalued ethanol assets in the US with a view to potential acquisition and integration into the GTL Group, coupled with a diversification strategy of developing bio-refinery start-up projects to generate possible new sources of revenues and profits. Both of these strategies would require further equity finance which, in the current market environment, could be uncertain.

So GTL post Sinav will continue to look at possible acquisitions possibly requiring further fundraisings. If these are not such good value as GTL then Clunes's fear is justified.
Posted at 01/11/2011 10:54 by ljsquash
Caveat the two relavant parts are below - so paper work by 19 Nov(Or 28 days)- undue haste?

Implementation of the Scheme will be subject, inter alia, to the sanction of the Court and the approval of GTL Shareholders at the Meetings. The Scheme Document, setting out full details of the Scheme and the procedures to be followed by GTL Shareholders to approve the Scheme, together with the Form of Election and Forms of Proxy, are expected to be despatched to GTL Shareholders and, for information purposes only, to participants in the GTL Share Option Schemes, by 19 November 2011 and in any event within 28 days from the date of this announcement, unless otherwise agreed with the Panel.

If the Scheme does not become Effective by 30 April 2012, the Proposals will lapse except where the approval of GTL Shareholders at the Court Meeting and the General Meeting is obtained before this date, in which case the longstop date for the Proposals may be extended to such later date as Sinav and GTL may agree and, if appropriate, the Court may approve.
Posted at 01/11/2011 09:44 by aceuk
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.

There were also sharp gains for GTL Resources , which owns and operates an ethanol and bio-refining company. GTL surged 29.5 per cent to 96½p after it agreed to a £32m cash takeover offer from Siem Kapital, the manager of marine vessels, and fund manager North Atlantic Valve.
Posted at 01/11/2011 09:24 by mesquida
Clunes100- No, you will not be invested in a much larger vehicle. The vehicle that is being used to facilitate the bid has been set up solely for that purpose. When you say that investors will only benefit if the rest of the portfolio is also a roaring success you make me think that somehow you have got the impression that a GTL shareholder who chooses to stay aboard is effectively going to be invested in a North Atlantic Investment Management unit trust, but this just is not so. GTL will continue just as before, the major shareholders may well be the same as before ( although Henderson/Gartmore have very carefully avoided telling us as to whether they are to remain invested in the unquoted vehicle or not ), and in short the only difference will be that there will not be a quotation. For those people who prefer to see a share price going up and down according to the whims of the market then this will be a major turn-off. But for investors who are more interested in looking beyond the quotation and concentrating instead on what the company really is worth then the unquoted option should be seen as a most welcome opportunity.
Posted at 15/6/2011 07:43 by charlock
Commenting on the results, GTL CEO Richard Ruebe said: "The year to 31 March 2011 was the second year of substantial cash generation for the GTL Group since our plant doubled its capacity in fiscal 2009. Revenues increased over 20% and production increased over 7% for the year. Continual process improvements have led to excellent operating performance. Our commercial desk continued to deliver above market margins. In addition, GTL has taken steps toward diversifying its revenue stream by signing a collaboration agreement with Prairie Gold, Inc. to commercialize a high value bio refinery product, food grade zein protein. It's a very exciting time for GTL and I am very proud of the FY 2011 results."
Posted at 09/11/2010 21:01 by aceuk
Press Releases.GTL Resources and Illinois River Energy Appoint Jeffrey W. Lemajeur Chief Financial Officer
Chicago, IL (PRWEB) November 9, 2010

GTL Resources USA Inc. (GTL) and its subsidiary, Illinois River Energy LLC (IRE), today announced the appointment of Jeffrey W. Lemajeur as Chief Financial Officer. "We are very pleased to add Jeff to our leadership team," stated Richard Ruebe, Chief Executive Officer of GTL and IRE. "He brings significant financial and business experience in areas such as acquisitions, integration and capital transactions."

Mr. Lemajeur will provide financial oversight for both GTL and IRE including the financial, accounting and information technology departments. He will also participate in overall strategy and business development initiatives.

Mr. Lemajeur is a certified public accountant and previously served as Chief Financial Officer for three publicly traded companies. Earlier in his career, he provided auditing services for global accounting firm Price Waterhouse. He will report to Richard Ruebe.

About GTL/IRE
GTL Resources PLC, through its wholly owned subsidiary, GTL Resources USA, Inc., owns a majority interest in Illinois River Energy LLC. Illinois River Energy LLC operates a state-of-the art dry mill, corn-based processing facility which produces up to 115 million gallons of fuel grade ethanol and over 300,000 tons of dried distillers grains with solubles (DDGS) per year. The company's strategy is to enhance manufacturing through the adoption of emerging technologies which will convert its standard plant into an advanced bio-refining facility and provide additional revenue and profit streams to the base ethanol business. GTL's goal is to further grow by applying these new advanced bio-refining technologies to other ethanol plants through merger, acquisition and licensing. Learn more at Illinois River Energy and GTL Resources.

For the original version on PRWeb visit: www.prweb.com/releases/prweb2010/11/prweb4744474.htm

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