Ofex Holdings Share Discussion Threads

[vision88] 05/11/2004 10:47

correct Serkol PMK NEW TICKER


PLUS MARKETS GROUP PLC
(the "Company")

PRESS RELEASE

BOARD CHANGES AND CHANGE OF NAME CONFIRMATION

NEW RULEBOOK UPDATE


2 NOVEMBER 2004

Further to yesterday's announcement regarding the passing of all resolutions at
the Extraordinary General Meeting of the Company held on 1 November 2004 the
Company confirms the completion of the placing and the admission to trading of
63,000,000 new ordinary shares and that the following changes have taken place
today: Jonathan Jenkins and Emma Jenkins have resigned from the Board. Simon
Brickles has been appointed Chief Executive Officer and Darren Francis has been
appointed Chief Financial Officer.

The Company also confirms that the change of the Company's name to PLUS Markets
Group plc (previously OFEX Holdings plc) is now effective.

The new "Rules for Issuers" have been produced and are being consulted upon
privately with certain interested parties before being put to the market as a
whole for general consultation.


For further information please contact:

PLUS Markets Group plc 020 7553 2000
Simon Brickles

OFX NOW CLOSED NEW CODE IS PMK

[serko1] 02/11/2004 12:23

pmk i think

[vision88] 02/11/2004 12:03

LONDON (AFX) - China investment banking group London Asia Capital PLC said
it has bought a 5.9 pct stake in Plus Markets Group PLC, which was until
yesterday known as Ofex Holdings.
London Asia said it has signed up three new Asian clients for Ofex, and
chief executive Simon Littlechild said the market for unlisted stocks is "the
ideal first market" for Chinese companies in Europe.
The refinancing yesterday raised 3 mln stg in new funds. from investors
including Close Bros market maker Winterflood Securities, which bought a 16 pct
stake. It also changed the management of the company, taking it out of the hands
of the Jenkins family, which had founded the company. Simon Brickles, who
formerly ran AIM, was named as the new chief executive.
Littlewood has been appointed a member of the Ofex Advisory Group to assist
in the development and marketing of Ofex in Asia.
London Asia said its three new Ofex clients are currently going through due
diligence with a view to listing them in the first half of 2005.
"We see OFEX as the ideal first market for high growth Chinese companies
looking to list in the UK, as it provides access to European investors in a
regulatory environment geared to the needs of smaller, growth companies,"
Littlewood said.
"We have seen considerable interest in OFEX from Chinese companies who are
attracted by the lower level of costs not only on listing, but also in
maintaining the listing, compared to other markets in Europe and Asia."
email: [e-mail]

[vision88] 02/11/2004 12:01

not been announced yet

[serko1] 02/11/2004 10:51

what's the new ticker symbol?

[vision88] 01/11/2004 19:01

PLUS Markets Group PLC.

new name

new game

all new

the news is here.

[vision88] 01/11/2004 18:59

ofex rejected a proposed takeover offer from Shield
Investments PLC over the weekend.

63 million new shares at 5p now rescue plan

[vision88] 01/11/2004 18:56

(Adding more details, background, comment from company)

LONDON (AFX) - OFEX Holdings PLC said shareholders approved a 3.15 mln stg
rescue plan following last week's failed bid talks.
In a statement after today's EGM, OFEX -- which runs the lightly regulated
market for smaller companies -- also said it is no longer in bid discussions
with any other party after it rejected a proposed takeover offer from Shield
Investments PLC over the weekend.
Last Wednesday, Zyzygy PLC withdrew its plan to launch a bid for OFEX.
The fund raising will be by way of a placing of 63 mln new shares at 5 pence
each.
The shares represent 74.5 pct of the group's enlarged capital.
The placing, which will be completed tomorrow, will dilute the Jenkins
family's 53 pct stake in the company to 15 pct, a spokesman at OFEX said.
"It will provide sufficient financial foundation for OFEX to be able to put
its strategy into operation," he said.
John Jenkins, the chairman, has retired, while Emman Jenkins, the chief
operating officer, and Jonathan Jenkins, the corporate development director,
have stepped down from the board.
Simon Brickles, former head of AIM, and Darren Francis took on the roles of
chief executive officer and chief financial officer, respectively.
Winterflood Securities Ltd, a leading market maker in London owned by close
Brothers Group, has recently acquired a 16 pct stake in OFEX, to be renamed PLUS
Markets Group PLC.
At 4.12 pm, OFEX shares surged 28 pct to 7 pence.
mbe/slm/

[responsible lad] 01/11/2004 13:10

Everyone seems to be selling now.

[responsible lad] 01/11/2004 12:40

Sell now to take your profits. They are from 5.5p to buy earlier to 6.6p to sell with the price saver, so that is about 22.5% in one day. That is a very good gain so take it before they fall back down.

[responsible lad] 01/11/2004 10:37

Why are people buying @7p when the shares are only worth 5p?. I would avoid this one even with a barge pole.

[vision88] 01/11/2004 06:53

The offer will be conditional upon the proposed placing of up to 63 mln new
OFEX shares at the price of 5 pence per share, added Shield, a newly
incorporated unit of Shield Resources Ltd.

63 million new shares hmmm!! what (Dilution)? will that be

[vision88] 31/10/2004 22:14

derampers usually go around in groups, and quickly overpower a board.
They do far less damage then many think, as there is a vast majority of read only holders that never post at all

[vision88] 31/10/2004 16:45

loverat

they did not follow me from a thread, they lied about that, but go to goo and see my post in there

[topvest] 29/10/2004 18:52

It's all happening at OFEX now!

[vision88] 29/10/2004 18:28

LONDON (AFX) - Shield Investments PLC said it plans to launch a cash and
share offer for OFEX Holdings PLC, two days after OFEX ended its takeover talks
with Zyzygy PLC.
Shield said it will offer one share for each OFEX share held, with the OFEX
shareholders ending up owning 40 pct of the company should its bid succeed.
It will also give OFEX shareholders the choice to participate in a partial
cash offer in respect to up to 50 pct of OFEX's oustanding shares at 6 pence per
share, or 645,981 stg.
The offer will be conditional upon the proposed placing of up to 63 mln new
OFEX shares at the price of 5 pence per share, added Shield, a newly
incorporated unit of Shield Resources Ltd.
Shield said it has an "irrevocable commitment" for 900,000 stg to cover the
partial cash offer.
The company added it is also in advanced talks to get further funding of at
least 1.6 mln stg which it will use to support OFEX's short term financing
needs.

[trigsta] 28/10/2004 10:50

what ever happens here theirs going to be a significant dilution in share issues.

Might get in this at some point, but i dont think weve had the worst news yet - so ill be watching with interest

[susier] 27/10/2004 21:04

UK Analyst reports that London Asia Capital is involved in a potential refinancing deal, which could see several of its investee comapnies list on the junior market.

[responsible lad] 27/10/2004 20:01

I will be straight back in again at anything below 5.5p to buy.

[vision88] 27/10/2004 18:29

rns to confirm dirrection of new fianace would go a long way to establish confidence once more, we all await that expected news

[vision88] 27/10/2004 13:18

I think it will drift lower as a lot have there eye on this for a better entry point,4/5p is possible, then a bounce, just my hunch now on these

[makjagger] 27/10/2004 09:47

HOLDING IN COMPANY

Pursuant to Section 198 of the Companies Act 1985, the Company received notification on 26 October 2004 that on 25 October 2004 First Equity Nominees Ltd purchased 400,000 ordinary shares in the Company, which resulted in its holding being increased to 760,000 ordinary shares in the Company. This is 3.53% of the Company's issued share capital
--------------------------------------------

10% down today because the Zyzygy takeover talks were over? Hopefully OFEX should be able to raise some money to set these up. Any thoughts on where this is heading?

[serko1] 27/10/2004 07:42

Apparantly there's a rumour in the mail about LDC being involved in some sort of deal.

[currypasty] 26/10/2004 16:50

one of my brokers, who deals with numis said the placing was cancelled... can that be right, and ziggy walking away ?