The Local Shopping Reit Share Discussion Threads

[sleepy] 07/10/2019 19:46

Presumably the parent company Board believe him to suitably qualified. Who am I to disagree?

[hillofwad] 07/10/2019 07:12

Priceless !!

New Director .Should have stuck to rugby one company in admin ,the other in liquidation


Mr Edwards is a qualified solicitor and was formerly a partner at international law firm Pinsent Masons LLP. He has extensive experience as an adviser to boards and senior management of a range of public, private and entrepreneurial companies on their strategy and wider business and commercial issues, and has CF1 and CF30 status with the UK Financial Conduct Authority.



Mr Edwards is a director of:



Interserve plc (in administration)

IQ3 plc

Positive Healthcare plc (in liquidation)

Honye Financial Services Ltd

[stemis] 18/9/2019 15:38

Yes, Selftrade money in.

[hindsight] 18/9/2019 15:26

IB cash in. Think this thread and the lessons learned about a certain individual was the best thing about this investment, not that thats a high bar, so thank you all
Did debate keeping one share for interest, but decided life is too short

[alanji] 18/9/2019 14:50

Cash received with AJ Bell/You Invest

[frazboy] 18/9/2019 12:52

Ditto and ditto

[tiltonboy] 18/9/2019 11:49

Cash received today.

Not the result we were anticipating, but in the circumstances, I am happy to be out with what we got.

Thanks to all for their input over the years.

[gbjbaanb] 17/9/2019 20:11

Looks like that's it. cheers all for the insights on this board - was in teresting to read up on the property auctions. Good luck for the future.

[gbjbaanb] 22/8/2019 16:17

Just read an article about UK retail sales dropping at fastest pace since 2008, and New River REIT plummeting even further.

So Duncan can have 'em, and good luck to him.

[varies] 22/8/2019 15:24

restirw
Thanks
I will now tender my shares

[tiltonboy] 22/8/2019 14:33

Tendered our 7.4% holding.

A minimum of 40,463,301 need to be tendered for it to go through. You can knock 6.1m off that as we have tendered.

[restirw] 22/8/2019 13:57

It is a tender by LSR itself. It is just contingent on that many shares getting tendered that Thalassa (who won't tender any shares) has a controlling 50%+ stake after the tender offer.

Thalassa currently has a ~25% stake. So if 2/3 from the remaining 75% shareholders tender their shares they end up with 50%. If less than 2/3 of the minority holders tender Thalassa won't end up with a controlling position - in that case the tender (most likely) won't go through. Though if they end up with something like 48% of the voting rights they might still decide to go through with the tender offer as they basically have a deciding voting block in that case.

I'm using rounded numbers to make the example simpler but it is a pretty close approximation.

[varies] 22/8/2019 11:42

I thought LSR was going to tender for its own shares but see now that the tender offer comes from Thalassa.
Does this matter to LSR shareholders? Presumably not.

[hindsight] 21/8/2019 11:01

The two resolutions were passed so just leaves double checking brokers have registered the tender selection

[exbroker] 12/8/2019 10:54

Voting at the EGM is important but do not forget to tender your shares.This can be done now.

[hindsight] 10/8/2019 17:33

Had below reply from DF King who LSR have employed

Please be advised the Capital Reduction Resolution at the GM requires 75 per cent. of LSR Shares voted voting in favour (as opposed to 75% of shares in issue).

[gbjbaanb] 10/8/2019 17:17

This is where to look. Only specimen forms are on the site now. But if you hold with a nominee broker, contact them and give them your instruction.

[gbjbaanb] 07/8/2019 00:45

Oh the lsr website is a section for investors concerning the reduction. Last I looked (last week) there were only draft forms.

[tabhair] 06/8/2019 23:42

Does anyone know where to find the proxy form for the capital reduction, has it even been released yet?

[hindsight] 01/8/2019 13:16

LSR Shareholders passing the Capital Reduction Resolution by the requisite majority, being at least 75 per cent. of LSR Shares voted voting in favour, at the General Meeting.

By requiste majority, that means 75% of votes recieved ?

[frazboy] 30/7/2019 09:27

I don’t think Kooba is going to change his view and I don’t think most of the rest of us are going to change ours!

[kooba] 30/7/2019 08:15

It's also not the 35p plus cash and shares THAL offered but was turned down !

[gbjbaanb] 25/7/2019 16:54

And a price set at 31.3p which is not the 38p I originally expected all those years ago, or the 36p it might have been without thal's "assistance".