Maple Energy Share Discussion Threads

[loverat] 16/10/2014 20:39

Lima Stock exchange - up 30% if I am reading it right.

[moreforus] 16/10/2014 20:36

wheres peru trading ?

[moreforus] 16/10/2014 20:35

well survived cantremember!!

need to work out what the value is to mple plc...

[vauch] 16/10/2014 20:12

So are we due a hefty rise back up

[keya5000] 16/10/2014 19:24

Looks very good to me.

Recovery play now.

[angus17] 16/10/2014 19:17

looks like a good deal to me. Could so easily just have gone pop. Indeed the current share price reflects a busted company.

I am somewhat relieved that we are going to end up with something after all.

[krr13] 16/10/2014 18:47

Maple Energy plc

16 October 2014

16 October 2014

MAPLE ENERGY PLC

("Maple" or the "Company")

PROPOSED TRANSACTION

As previously announced, Maple Energy plc ("Maple" or the "Company") has for some time been actively seeking equity investment from strategic investors in order to secure the sustainability of its ethanol business.

The Company can now confirm that it has received an offer (the "Offer") from Graña y Montero S.A.A. and Alcogroup SA (together the "Investors") under which the Company would, in effect, dispose of a substantial part of its equity interest in the Company's principal trading subsidiaries to the Investors in return for a material investment at the subsidiary level (the "Proposed Transaction"), which it is expected will provide sufficient capital for the ongoing operations of the ethanol business.

The principal terms of the Offer are as follows:

-- the Investors will pay an initial US$4,000,000 to acquire an equity interest of 40% in The Maple Companies, Limited ("MCL"), the subsidiary which holds a 100% interest in the ethanol production and hydrocarbons operations, in which Maple has a 95.4% interest;

-- the Investors will commit to make a further equity investment of US$13,000,000 in MCL as part of a capital increase, thereby further diluting the shareholding of the Company in MCL;

-- Graña y Montero Petrolera S.A. ("GMP"), a subsidiary of Graña y Montero S.A.A. ("G&M"), will pay US$31,000,000 to acquire the entire issued share capital of Maple Gas Corporation del Peru S.R.L., which is a wholly-owned subsidiary of MCL dedicated to the hydrocarbon production, refining and marketing operations. The proceeds from this sale and from the planned equity injection will be paid to MCL which will transfer these funds to the ethanol business operating subsidiaries; and

-- following the Proposed Transaction Maple would retain a 24.1% interest in MCL, which will own 100% of the ethanol business as its sole interest. G&M and Alcogroup SA will retain an interest of 30.4% and 43.5% in MCL respectively.

If successfully concluded, the Proposed Transaction is likely to constitute a related party transaction in accordance with Rule 12 of the AIM Rules for Companies as Michel Meeus is a Director of both the Company and Alcogroup SA, one of the Investors. In addition, the Proposed Transaction is likely to constitute a fundamental change of business in accordance with Rule 15 of the AIM Rules for Companies. The Board of Maple has reviewed and is agreeable to the terms of the Offer and is diligently progressing the actions required to finalise the detailed terms of the Proposed Transaction with a view to publishing a circular and seeking the necessary shareholder approvals as soon as practicable.

Shareholders should note that the Offer is conditional at this stage and will require, among other items, formal approval from a number of parties including the Company's senior lenders and Fondo de Inversión en Infraestructura, Servicios Públicos y Recursos Naturales ("AC Capitales"). Accordingly, there can be no guarantee that the Proposed Transaction will be concluded on terms acceptable to the Company, or at all.

The Company has been informed by G&M that, under the rules of the Bolsa de Valores de Lima, G&M is required to announce certain details of the Proposed Transaction (the "G&M Announcement"). The G&M announcement (in Spanish) can be found at hxxp://www.bvl.com.pe/hhii/023106/20141015212501/MAPLE.PDF

The Company will provide a further update in due course.

[moreforus] 16/10/2014 10:11

yep saw that

passive buyer happy to take all loose shares

[kennyruss] 16/10/2014 10:08

nice 500k of buys last kick yesterday, definitely a buyer around..

[vauch] 15/10/2014 21:11

so we will be back to 3p

[bsg] 14/10/2014 13:56

Dilution, then whoosh 1p more likely.

[moreforus] 14/10/2014 10:23

that was a quick dip

still very well bid with a 50k max offer

[moreforus] 13/10/2014 16:30

well bid again...

max 50k to buy...

someone is either supporting the price or is happy to buy here..as there have been hardly any sells i wonder if we will see another late buy.

[moreforus] 13/10/2014 09:49

probably over 1 mill accumulated now...

[moreforus] 13/10/2014 09:09

yep

there's been a regular chunk taken reported at the end of the day for over the last week at least....at 3p...

500k is the largest but was fed by the large dump in the day

simply looks like someone is buying all available supply as its presented to the market.

[kennyruss] 13/10/2014 09:06

notice the 500k trade from Friday..

[bad robot] 10/10/2014 19:50

Let it be known Ratard took -100% on Lond today. shares suspended

[the stigologist] 10/10/2014 11:05

another quality call this time on JQW

down from 40p a few days back to as low as 28p today


Loverat
9 Oct'14 - 18:24 - 1946 of 1972 1 0

The fact there is a large troll fraternity here suggests a reversal soon. I bet I am right as the same individuals have been present on many stocks that have rebounded hugely.