Monitise Share Discussion Threads

[mikethebike4] 18/7/2017 12:28

rp

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

The following indicative timetable sets out expected dates for the implementation of the Scheme.


Event Time and/or date
Latest time for lodging Forms of
Proxy for the:
(a) Court Meeting (blue form) 10:30 am on 24
July 2017(1)
(b) General Meeting (white form) 10:45 am on 24
July 2017(2)
Voting Record Time for the Court 6:30 pm on 24
Meeting and General Meeting July 2017(3)
Court Meeting 10:30 am on 26
July 2017
General Meeting 10:45 am on 26
July 2017(4)
The following dates are indicative
only and are subject to change(5)
Court Hearing to sanction the Scheme(6) 1 August 2017
Last day of dealings in, and for 6:00 pm on 1
registrations of transfers of, and August 2017
disablement in CREST of, Monitise
Shares
Scheme Record Time 6:00 pm on 1
August 2017
Dealings in Monitise Shares suspended 7:30 am on 2
August 2017
Effective Date of the Scheme 2 August 2017
Cancellation of admission to trading 7:00 am on 3
on AIM of Monitise Shares August 2017
Latest date for despatch of cheques by the end of
and crediting of CREST accounts 16 August 2017
for cash consideration due under
the Scheme
Long Stop Date 15 September
2017(7)


mtb4

[neilyb675] 18/7/2017 12:19

All votes count don't assume otherwise.

[rp] 18/7/2017 12:09

Have checked with Selftrade - they say they have not yet heard about a voting process or deadline. Latest they have is a Corporate Action Notification re Scheme of Arrangement. I don't suppose my p*ddling 10000 shares matter much, but on a point of principle I would like to be able to vote NO.

[solrei] 18/7/2017 11:50

Any opinion on share price after a no vote?

[mikethebike4] 18/7/2017 11:42

would have thought so
votes must be in by the weekend
mtb4

[rp] 18/7/2017 11:19

I have these shares in a stocks and shares ISA with Selftrade. Should I have heard from them by now? I don't want to miss out on the opportunity to vote NO.

[mikethebike4] 18/7/2017 10:32

Total Monitise Shares
subject to irrevocable
undertakings and
letters of intent 229,577,466 9.90%

Only 9.9%
- they're not going to do it !
mtb4

[orm5] 18/7/2017 08:17

Wonder if moni have received any letters saying No....bet they are not going to announce those!

[mikethebike4] 17/7/2017 13:44

Solrei
That is so but it does not make it any less relevent !
- & could be a major reason the BoD have only 5% on their side
mtb4

[solrei] 17/7/2017 13:33

This article is a month old

[lefrene] 17/7/2017 13:32

"poor execution" Mr Lukies, straight out of the Gordon Brown school of economics!

Good find MTB4, it's a steal for Fiserve, and in a market that's growing like Topsy, but looks like Google and Apple are going to own it!

[hopster] 17/7/2017 12:27

now that is the vote we want!!

[mikethebike4] 17/7/2017 11:33

Lots of straws
How about a vote of no confidence in the BoD by all those who vote against ?
mtb4

[orm5] 17/7/2017 10:58

Clutching at straws ?

[mikethebike4] 17/7/2017 09:42

Monitise Shares subject
to irrevocable undertakings
Name Number of Monitise % of Monitise
Shares Shares in
issue
Fatih Isbecer 61,850,028 2.67%
Lee Cameron 1,588,880 0.07%
Gavin James 863,292 0.04%
Peter Ayliffe 520,270 0.02%
Amanda Burton 261,884 0.01%
Tim Wade* 350,000 0.02%
Total 65,434,354 2.82%
* Shares held by Tim Wade's wife
The following Monitise Shareholder has given
a letter of intent to vote in favour of the
Acquisition:
Monitise Shares subject
to a letter of intent
Name Number of Monitise % of Monitise
Shares Shares in
issue
Visa, Inc. 55,946,391 2.41%

Total Monitise Shares
subject to irrevocable
undertakings and
letter of intent 121,380,745 5.24%

So Fiserve/BoD only got 5.24% of the votes so far - superb !
Who is Fatih Isbecer ? - is this iD in disguise ?
Good maxim - if Visa are for it , I'm against !!!
mtb4

[neilyb675] 12/7/2017 12:21

Sent off voting form this morning.....AGAINST ✔

[mikethebike4] 12/7/2017 11:04

Today in online Telegraph :-

Fintech group Revolut has raised $66m in a move that is believed to make the money transfer app worth close to $400m.
Revolut, which allows its users to hold funds in the same online account but in several different currencies, said it would use the funding to expand across Asia and North America and ­allow customers to buy cryptocurrencies such as Bitcoin. The company pitches itself as a service for tourists and workers with a “global lifestyle”, who often spend money in foreign currencies.

Users can transfer money between currencies at interbank rates and use its credit card without foreign exchange fees. It has signed up 700,000 customers across Europe since it was founded two years ago and said it was confident of repeating that further afield. Index Ventures, the high-profile venture capitalist, led the latest investment round, along with existing investors Ribbit Capital and Balderton Capital.

- wasn't moni supposed to be the leader in facilitating this area of the business ?

MTB4

[mikethebike4] 11/7/2017 11:24

SM
'Do not discount the BOD have agreed to deliver MONI to them via another even less favourable means - most likely a huge dilution placed with Fiserv to give them a substantial majority.'
- do we know this for sure
If Fiserve loses the vote can a no-confidence vote be organised along with disposal of or reverse into the Voucher business ?
- I am obviously not an expert at this sort of thing
mtb4

[stud-muffin] 11/7/2017 10:07

MTB - It is a serious possibility and one I believe Fiserv will have considered.

What likely outcome? The market is starting to indicate they will walk away and simply wait. Why wait?

Do not discount the BOD have agreed to deliver MONI to them via another even less favourable means - most likely a huge dilution placed with Fiserv to give them a substantial majority.

Then offer the shareholders 0.5p a share and delist. Been done many times before and this time the BOD can say 'we did warn you when we offered 2.9p'

[dr darkstar] 11/7/2017 08:59

Could be ..... I'm quite happy to risk a few k to see either a better offer or some serious retribution for the atrocious board (all of whom should be summarily dismissed for performance failure).. or better still, both

[mikethebike4] 11/7/2017 08:39

SP has dropped to 2.78 this morning
does this mean that Fiserve are not looking likely to get the magic 70% ?
mtb4

[mikethebike4] 10/7/2017 16:50

lot of action today - wonder if it signifies anything ?
mtb4

[mikethebike4] 08/7/2017 10:48

orm

lord help us !

mtb4