Lamprell Share Discussion Threads

[volsung] 26/6/2014 09:29

Bought some more..

[adp] 26/6/2014 09:23

Mine are now showing as "9615" or something and the figures totally wrong. I have the right number, just wrong figures for cost?!

[skinny] 26/6/2014 07:31

LAMN on here.

[rjd1233] 26/6/2014 07:28

Do the new shares have a different epic, in TD Trading they show them as LAMF but can't find this on ADVFN?

[rjd1233] 26/6/2014 07:28

Do the new shares have a different epic, in TD Trading they show them as LAMF but can't find this on ADVFN?

[tipjunkie] 26/6/2014 07:27

I wouldn't mind some more since there's a few going spare!

[skinny] 26/6/2014 07:08

Results of the Rights Issue

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, is pleased to announce that the 5 for 16 Rights Issue of 81,363,469 New Ordinary Shares at 88 pence per New Ordinary Share announced on 16 May 2014 closed for acceptances at 11.00 a.m. (UK time) on 25 June 2014. The Company received valid acceptances in respect of 78,528,325 New Ordinary Shares, representing approximately 96.52 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts of Qualifying CREST Shareholders as soon as practicable after 8.00 a.m. (UK time) on 26 June 2014 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched to Qualifying non-CREST Shareholders by no later than 10 July 2014.

It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities today, 26 June 2014, at 8.00 a.m. (UK time).

In accordance with their obligations as Joint Bookrunners and Underwriters in respect of the Rights Issue pursuant to the Underwriting Agreement, J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) and HSBC Bank plc will endeavour to procure subscribers for the remaining 2,835,144 New Ordinary Shares not validly taken up in the Rights Issue, failing which J.P. Morgan Securities plc and HSBC Bank plc have agreed to acquire, on a several basis, any remaining New Ordinary Shares.

The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 88 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT) will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be paid to the Company.

A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.

For full details of the Rights Issue, please refer to the prospectus relating to the Company dated 16 May 2014 (the "Prospectus") which is available for inspection on the Company's website at www.lamprell.com and at the Company's registered office at Fort Anne, Douglas, IM1 5PD, Isle of Man, save that the Prospectus is not available, whether through the website or otherwise, subject to certain exceptions, to person located in the Excluded Territories.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the meanings given to such terms in the Prospectus.

[adp] 24/6/2014 10:09

Well iweb have taken the money from my account and Ive got this

LAMPRELL PLC NEW ORD 5P (FP 25/06/2014)

Assuming tomorrow itll all sort itself out and Ill just have a bag of LAM at an average price of X?

[srpactive] 24/6/2014 08:12

pru buying again.

dyor

[scottishfield] 23/6/2014 12:24

tks volly, nice to get it right.

[volsung] 23/6/2014 12:23

Aye well done with KENZ sf. Kudos

[scottishfield] 23/6/2014 12:23

bought some this morning, did well @ KENZ

[volsung] 23/6/2014 12:22

I did mention I would buy more today? So I did. Things might be starting to happen in this sector

[mad foetus] 23/6/2014 12:03

From the Kentz RNS:

"-- Having reviewed all strategic options, the board of SNC-Lavalin has identified the resources sector, and oil and gas in particular, as a key strategic growth market. The board of SNC-Lavalin views this market as the fastest growing of all infrastructure sectors, with higher profitability and lower volatility for engineering and construction firms and an expectation of continued growth into the future. The Acquisition is fully aligned with SNC-Lavalin's strategy of becoming a tier-1 global engineering and construction company with a leading position in the oil and gas sector. In addition, the board of SNC-Lavalin believes that the increased complexity of oil and gas extraction and transportation will protect the positions of industry players who are able to manage large, complex projects and avoid the "commoditisation" of engineering services seen in some other sectors. "

[rhatton] 23/6/2014 11:58

Kentz just been bought out.

[cephalosaurus] 20/6/2014 17:53

Lord voldemort?

[volsung] 20/6/2014 17:27

Sorry folks but I will be buying more on Monday if the lord spares me

[volsung] 20/6/2014 12:56

True mf. If it helps I may leave tomorrow

[durby] 20/6/2014 12:45

Rjd - Yes, first they increased their holding to 11% (announcement on 18th June) and now to 12%.

[rjd1233] 20/6/2014 12:30

Looks like the Pru are increasing there holding?

[poleaxe] 20/6/2014 11:26

Thanks durby, my saga account is also with barclays.

[durby] 20/6/2014 10:49

poleaxe - Noticed that on by Barclays account. Think it is their internal process (as 18th was the deadline for shareholders to give their options) which flipped LAMN to LAMF. The price quoted is meaningless as there is no real market data for LAMF.

ps: LAMF now shows a purchase cost whereas LAMN did not.

[mad foetus] 20/6/2014 10:34

volsung! why do you turn up and ruin it for everyone?

[poleaxe] 20/6/2014 10:26

Just been into my saga share account and they are listing LAMF @ 99.11p whats that all about