Kaz Minerals Share Discussion Threads

[jtidsbadly] 05/1/2022 20:19

That takeover price doesn't seem so bad tonight, does it?

[freddie ferret] 01/9/2021 20:50

From youtube current.





This is genuine Kazantip.

[deadly] 30/4/2021 22:26

I usually remind iDealing and they respond immediately.

[sarahbudd] 19/4/2021 21:20

Still waiting for iDealing to put the takeover acceptance instruction up on site for acceptance. There are no words....

[glavey] 13/4/2021 07:36

I'm slightly surprised that they reached the level of acceptances that they declared, given the recent price action (late March - early April), however perhaps that price action relates to some purposeful 'mopping up' activity demonstrating a certain zeal to get this over the line.

(Short activity may also have had effect.)



(KLS, possible but probably not sensible unless you are family. Even then...)

[keylifeskills1] 12/4/2021 15:31

What happens if an investor still refuses to accept takeover by not selling their shares and is willing to 'bite the bullet' (so to speak) and take their chances with the company going private? Read on another board; they will become private shareholders in US once the Company delists from FTSE on 11th May. Is this possible and if so, is anyone thinking of taking this route?

[sarahbudd] 12/4/2021 13:02

Having spoken to AJBell, There is going to be another corporate action notification in next day or so and default being acceptance.

[idle dreamer] 12/4/2021 09:05

I sold up this morning. I was not sure how to get the 850+19 so decided to sell at what I could get which was a couple of pence less. Disappointing ending. If anyone's interested I put the dosh into Gem Diamonds.

[loss-leader] 09/4/2021 20:40

It was fun while it lasted. LL

[rampant_bull] 09/4/2021 18:04

I sold up around 4pm. The cause is over

[sarahbudd] 09/4/2021 16:58

Irritating

[rampant_bull] 09/4/2021 13:23

Lots of buys today

[rampant_bull] 07/4/2021 08:50

I've held. The concern is what happens if 75% is reached on Friday. Will the shares be immediately delisted and therefore preventing me from selling?

[glavey] 07/4/2021 02:44

"...if I reject and the takeover goes through do I "lose" all my shares and if so my money?"

In short, no.


An offer must normally remain open for acceptance for a further 14 days after it has become unconditional as to acceptances (Rule 31.4).

Compulsory squeeze-out of minority shareholders requires the offeror to first acquire (or contract to acquire) 90% of the shares and voting rights.

75% 'control' is required to de-list.

An offer may be declared unconditional by simple majority (50% +1) but in practice 90% is the figure more often used. However, given the 'threat' to delist, perhaps 75% may be something the offeror may have in mind in this case.


Open page:


Download publication link on LHS.

[benty] 06/4/2021 22:22

I’ve held !

[sarahbudd] 06/4/2021 15:52

*Unconditional

[sarahbudd] 06/4/2021 15:42

My understanding is if it becomes conditional then we have another option to sell via broker, ie they'll hoover up shares

[rampant_bull] 06/4/2021 15:28

Good question. Is anyone holding out or accepting the corporate action offer?

[dablerpaul] 06/4/2021 14:34

OK folks squeaky bum time what happens if I reject and the takeover goes through do I "lose" all my shares and if so my money ? I mean there was talk they may delist them
Sorry to be a noob but had them for a long time and built up a nice profit dont want to lose it all.

[glavey] 06/4/2021 11:13

Amongst the plethora of others, some may have missed this RNS today:

[sarahbudd] 06/4/2021 09:51

Today's deadline day. Still not received any corporate action notification from iDealing.comAnyone else? AJ Bell and ii have ...

[glavey] 01/4/2021 09:26

As it's end of month and end of tax year it is difficult to reach any such conclusion just now. In fact, 'markets' aren't saying that at all in the moment. There's little or nothing to be lost by waiting it out.

[shaf200] 31/3/2021 12:06

Markets have called it a day here.. looks like time to sell and just move on :-(