||EPS - Basic
||Market Cap (m)
Lees Foods Share Discussion Threads
Showing 401 to 424 of 425 messages
|An unpleasant reminder of a previous shafting David :-(|
Mr Miquel said he felt Lees was benefiting from its move off the stock exchange. "While we wish to continue both sales and profit [growth] we don't have to live up to the expectations of the market."
|The company will get £2 million but the shareholders who owned the company at the time of the original claim will no doubt be entitled to nothing or should we mount a challenge ? Did they tell us they were going to appeal this when they took it private ?
|Even more shocking is the story about how Unicorn changed their vote at the very last minute whilst in the meeting. It appears they were given a private meeting with directors and advisors whilst I and tens of other private shareholders could never get anyone to reply to our tens and tens of calls to the company to answer questions?? There is a suggestion that Unicorn were invited at some stage to be part of the buyout vehicle too !!|
|They spent £1m of what looks like Company to delist - incredible!
|the fleecing bandwagon has now moved onto YCO
Corporate responsibility in the UK 2012 !|
|Shareholders Are Being Fleeced
|I can confirm that I voted against on both resolutions and know another holder who confirmed he voted against as well.|
Not very experienced with these sort of events to be honest, is one entitled to ask for a report from an audit of the voting results and what information are the company legally required to report back on?
Any information from you or anyone else familiar with such matters would be appreciated.
|Has anyone requested a report from an audit of the voting results?|
|Aren't they supposed to be counted by a Third Party?
I think so.|
|Each nominee must have more than one LEE holder. I thought the definition of a nominee account was that the shares are registered as held by the broker's account, but with beneficial ownership belonging to the account holder(s).
Is it not therefore reasonable to assume that each nominee company would pass on votes as X shares for (including those who did not register a preference) and Y shares against as a consolidated figure? Not sure how that would be represented in the reporting.|
|I voted AGAINST and had confirmation from my nominee holder with a copy of the voting instruction for both meetings. My wife had a small holding and did exactly the same and had confirmation but as they were with the same nominee company I do wonder if they gross them together but should not IMO so should be two votes.
I know two others who voted but do not go to bulletin boards so you could say that is four in total. They had 2000 and 500 shares respectively.
I honestly think that at least nine who will have voted are known to me and unlikely to have changed their mind or not bothered to vote. There may have been some who sold rather than bother voting if they needed cash in the rough markets but otherwise I cannot understand so many missing votes.|
|OK, thanks isis.|
|I'm not a holder just interested in not seeing Shareholders getting a bad deal.
They didn't even pay the dividend - very poor show. imo|
|Thanks Stilton and nitnia. Appreciated. isis, did you vote AGAINST at the Court Meeting? Or are you not a holder? Thanks.|
|I instructed Selftrade twice to vote against on behalf of myself and wife ( before and after the adjourned meeting). They confirmed they had instructed the custodian.
However I have no way of knowing if our two votes were actually made.|
|It seems incredible that anyone would vote for the MBO at such a low offer price.
Just shows how stupid some investors are. The problem with these Nominee Accounts is that you lose control of your shares on things like voting and Annual Reports etc. and many people don't bother checking their rights.
Had they all seen the Documents and how low it was they may have voted differently.
0.4% is very tight though on such a small Company. It would have been nice to see the terms amended.|
|CWA1 - there were a number of people indicating trouble with their broker's nominee account allowing them to vote. This could account for quite a number.
At least for one, I voted against according to my broker's website system which i have no reason (yet) to think it is not working.|
Just a quick thought. On the share poll:-
There were 26 separate individuals who allegedly said they were going to vote AGAINST the offer. I know another 4 individuals that didn't register on there but definitely voted AGAINST. So about 30 that we know of.
And yet, according to the board's announcement only 15 people voted against. What happened to the other, at least, 15 people? Yes I know there will be some "messers" out there that just like to annoy people, some that may have forgotten, some that changed their mind but to lose 50%?? Seems unlikely on the face of it. And that then went down to 13 for the ordinary resolution?? Something just doesn't add up.
May I ask, definitively, how many people on here voted AGAINST at the Court Meeting please(whether being there or by proxy)? I have no interest in how many shares each individual has at the moment, just want to get a feel for how many individuals actually voted AGAINST the Court Meeting.
If the numbers don't seem to add up I may take this up with the company themselves and see what they say, but I'd like to get a feel for the situation first.
NB: If you see this similar request elsewhere(TMF, iii, Share Soc) PLEASE only reply on one!!
|I think the companies act allows for an audit of the votes. ISTR you need 3% of the vote to request one.|
|Extremely disappointing result. Very strange looking voting pattern too.
Can anyone shed any light on it?|
|Getting more and more dubious.Was to speak to the case officer at the takeover panel in the morning regarding Lees but it looks a little late now.|