We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Phaunos Timber | LSE:PTF | London | Ordinary Share | GG00BFX4LT97 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.51 | 0.47 | 0.55 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
TIDMPTF TIDMPTFA
RNS Number : 5181G
Phaunos Timber Fund Limited
06 November 2018
6 November 2018
Phaunos Timber Fund Limited ("Phaunos")
Background
On 3 July 2018, the board of directors of Stafford Bidco, a company wholly-owned by Stafford International Timberland Fund VIII and ultimately controlled by Stafford, announced an all-cash offer for Phaunos by Stafford Bidco, on behalf of Stafford International Timberland Fund VIII, pursuant to which Stafford Bidco would acquire the entire issued and to be issued share capital of Phaunos not already directly or indirectly owned by it or its concert parties at a price of US$0.49 for each Phaunos Share (the "Original Offer").
The Original Offer was subsequently increased to US$0.52 per Phaunos Share on 14 September 2018, (the "Final Offer") and on 18 October 2018, Stafford Bidco announced the Final Offer had become wholly unconditional.
Phaunos board changes
Phaunos announces changes to the composition of its board of directors. Richard Boléat, Brendan Hawthorne and Jonathan Bridel have resigned as directors of Phaunos, in each case with effect from 6 November 2018.
Manh Duy Van Cao, Ian Burns and Dominic Tayco were appointed as new directors of Phaunos with effect from 6 November 2018. There is no information that requires disclosure under paragraphs 9.6.13R(1) to (6) of the Listing Rules in respect of the new directors of Phaunos.
Unless otherwise stated, defined terms used but not defined in this announcement have the meanings set out in the offer document in respect of the Final Offer posted to Phaunos Shareholders on 14 September 2018 (the "Final Offer Document").
Enquiries:
Stafford and Stafford Bidco +44 (0) 20 7535 4915
Stephen Addicott
Winterflood Investment Trusts +44 (0) 20 3100 0000
Neil Langford
JTC Fund Solutions (Guernsey) Limited (Secretary to Phaunos) +44 (0) 1481 702400
Lancea LLP (Financial Adviser to Stafford and Stafford Bidco) +44 (0) 20 3301 8000
Peter Thickett
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
BOAEALFKEEFPFFF
(END) Dow Jones Newswires
November 06, 2018 09:06 ET (14:06 GMT)
1 Year Phaunos Timber Chart |
1 Month Phaunos Timber Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
