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LVRT Levrett

3.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Levrett LVRT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 3.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
3.50 3.50
more quote information »

Levrett LVRT Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 15/9/2017 15:31 by maytrees
Hopefully there are some who are still interested in LVRT.
Today's announcement seems positive at least from the headline which reads:

"Levrett plc, a Company formed to acquire a target company in the pharmaceutical and biotechnology sector, is pleased to announce that it has entered into a conditional agreement to acquire the entire issued share capital of Nuformix Limited ("Nuformix") for a total consideration of £12,000,000 to be settled through the issuance of new ordinary shares in the Company at a price of 4 pence per share (the "Acquisition"), subject to Shareholders' approval and Re-admission (as defined below). In addition, the Company is today announcing the Placing, under which it has issued 57,500,000 Placing Shares at 4p per share, raising £2.3 million, conditional, inter alia, upon Re-Admission."
Posted at 01/9/2017 08:45 by maytrees
Greetings jd

Some reward from my remaining investment in LVRT over and above the return of the amount invested would be good. Hopefully re-listing on LSE will give a decent return - eventually.
Posted at 31/8/2017 11:09 by maytrees
I have sent an email to the PR/media people so now await their reply. If they are as forthcoming as LVRT then silence will essentially mean dead in the water (all imho).
Posted at 29/8/2017 10:43 by maytrees
Greetings all

The relevant LVRT RNS last year stated:

"The Acquisition, if it proceeds, will constitute a Reverse Takeover under the Listing Rules since, inter
alia, in substance it will result in a fundamental change in the business of the issuer.
As the Acquisition will constitute a Reverse Takeover under the Listing Rules, trading in the
Company's ordinary shares have been suspended (pursuant to Listing Rule 5.3.1) with immediate
effect pending the publication of a prospectus and the application for the enlarged Company to have
its ordinary shares admitted to the Official List and to trading on the main market for listed securities
of the London Stock Exchange.
The Company is working on the preparation of a prospectus in relation to the Acquisition and will, in
due course, be making application for the enlarged Company to have its ordinary shares admitted to
the Official List and to trading on the main market for listed securities of the London Stock Exchange.
The Company will update shareholders as the matter progresses."

If there has been any significant change in the above another RNS would surely have been issued?

Still the companies are cutting it pretty fine now.
Posted at 26/8/2017 15:20 by maytrees
Greetings fred162

You are being a little harsh in my view as LVRT rather than JD, are probably being obscure - why no updating RNS so far from the co for example?

Still if there is an RNS essentially confirming the RTO next week, probably all holders will be content.

If no RNS next week the fault would hardly lie with JD.
Posted at 26/8/2017 14:02 by maytrees
I'm no company law expert but assuming that the company has to give 14 days notice of an egm, LVRT really has until the end of August to get on with it.

My guess is that jimduggen was told "next week" whereas strictly he should have been told something like "shortly - before the end of the month."

Anyway "next week" should now clarify one way or the other so good luck all.
Posted at 02/8/2017 14:19 by fred162
maytrees - the announcement of the RTO and the suspension happened at the same time - how were you able to sell half your shares on the news? Jimduggen - it was not a PI who loaned nuformix some cash it was LVRT (apparently on an unsecured basis)...
Posted at 23/7/2017 13:57 by maytrees
Greetings jimduggen

The possible RTO is still shown on both cos' websites whereas if it has hit the buffers, one might have expected the RTO possibility to be removed.

A telephone enquiry of lvrt next week might be worthwhile and if this produces more info, another post here would follow.
Posted at 20/7/2017 21:16 by fred162
So Lvrt has about 2 months to complete the rto or delist?
Posted at 11/3/2017 13:44 by maytrees
Greetings jimduggan

Assuming that the RTO takes place, my expectation is that the existing no of LVRT shares will be increased substantially but with current LVRT shareholders benefiting from the new shares in proportion to their current holdings.

Hopefully the value of the new shares will mean that existing LVRT shareholders see gains from the RTO but given that the new shares will be traded on AIM, there can be no guarantees about share price until trading commences and prospective new investors have been able
to consider the prospectus and other info on the new co.

Presumably the new co will have an new name and its shares a new EPIC.

All the above is subject to the RTO going ahead and is imho!

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