Share Name Share Symbol Market Type Share ISIN Share Description
Rentokil Initial LSE:RTO London Ordinary Share GB00B082RF11 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +3.70p +1.26% 297.00p 297.20p 297.50p 297.50p 294.10p 294.10p 2,420,792 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2,168.1 208.5 9.2 32.3 5,433.12

Rentokil Initial Share Discussion Threads

Showing 2376 to 2397 of 2400 messages
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DateSubjectAuthorDiscuss
15/8/2017
19:58
Although the track-record of Polemos (PLMO) has been poor, a shell should never be written off until it's definitely over. Because there's always the potential for new management, new finance, and a new strategy ... to give a touch of the CHA CHA CHA. The renowned shell Concha (CHA) 40-bagged in 2014, to a market cap. of over £100M. at its peak. But CHA's initial investments in 2013 had quickly failed, and the share had to be refinanced. And there are some similarities to CHA's position then and PLMO's at the moment, at 0.022p (market cap. £1.14M.)
hedgehog 100
14/8/2017
18:27
After-hours ZMNO RNS On Friday: 11/08/2017 17:27 UKREG Zamano PLC Disposal Announcement "Disposal of All of the Company's Operating Business and Assets zamano announces that, further to the announcement on 9 August 2017, it has entered into a conditional sale and purchase agreement (the "SPA") to sell all of the Company's operating business and assets to Kilavan Holdings Limited (the "Purchaser" or "Kilavan") (the "Disposal"). … Following completion of the Disposal, zamano will retain cash of approximately EUR5,582,000 out of which it shall discharge existing Plc liabilities and transaction expenses related to the Disposal of approximately EUR282,000 and will have no other significant assets or liabilities. Following completion of the Disposal, the Board will commence the process required for the company to be in a position to make a return of cash to shareholders. Such process is expected to take up to six months. During this time, the Board considers it is in Shareholders' interest to continue to examine possible investment opportunities whilst this process is ongoing. The Board confirms that any material or significant investment opportunity will be conditional on Shareholder approval being obtained. The Disposal constitutes a disposal resulting in a fundamental change in business of zamano pursuant to Rule 15 of the AIM Rules and the ESM Rules and requires the approval of the Company's shareholders ("Shareholders"). Contingent on the approval of the Disposal by Shareholders, the Company will become an AIM Rule 15 cash shell pursuant to the AIM Rules and an investing company pursuant to the ESM Rules. Accordingly, the Company will have a period of six and twelve months under the AIM Rules and the ESM Rules, respectively, to complete a reverse takeover before trading in its shares will be automatically suspended by the relevant exchange. The Company will also seek Shareholder approval for its investing policy. A circular, which will contain further details of the Disposal and the investing policy (the "Circular") is expected to be posted to Shareholders shortly and will also be available on the Company's website at www.zamano.com. … Notice of the EGM to approve the Disposal and the investing policy will be included in the Circular that will shortly be posted to shareholders and it is expected to be held at the Conrad Hotel, Earlsfort Terrace, Dublin 2 on 30 August 2017. … -- Investing policy will have a focus on target companies with either strong existing profitability or significant growth potential, operating in both cases in attractive underlying markets. … Future Strategy and Investing Policy Following the Disposal, it is estimated that zamano's net cash position will be approximately EUR5,582,000, which will be used in part to discharge zamano's existing Plc liabilities and transaction costs related to the Disposal of approximately EUR282,000. Following the discharge of such liabilities and transaction expenses related to the Disposal, it is expected that zamano will retain approximately EUR5,300,000 of cash, and will have no other significant assets or liabilities. … " https://uk.advfn.com/stock-market/london/zamano-ZMNO/share-news/Zamano-PLC-Disposal-Announcement/75436066 ZMNO has risen 0.25p today, to 4.0p, market cap. £3.98M. In comparison, the expected EUR5.3M. gross for distribution to shareholders &/or an acquisition equates to £4.82M. (£1 = EUR1.1).
hedgehog 100
12/8/2017
18:37
TheLung 22 Jan '17 - 11:29 - 874 of 912 0 0 "SMA. Giles Clarke's next RTO." A belated thanks for that TL. SMA was suspended last month, and is in discussions about a RTO. Giles Clarke achieved an excellent result with KENV, so it is well worth keeping an eye on what transpires with SMA. Sovereign Mines (SMA) 0.255p (suspended) Market cap. £2.2M.) http://uk.advfn.com/p.php?pid=quote&symbol=L%5ESMA 21/07/2017 07:35 UKREG Sovereign Mines of Africa PLC Suspension of shares "Sovereign Mines of Africa confirms that trading in the Company's shares has been suspended. The Company is currently deemed a cash shell under AIM Rule 15, pursuant to which it is required to make an acquisition which constitutes a reverse takeover under AIM Rule 14, failing which the Exchange will suspend trading in the Company's shares pursuant to AIM Rule 40. As previously notified suspension of trading in the Company's shares was scheduled for today, 21 July 2017. Having previously pursued a wider strategy of targeting assets in a number of sectors, the Company is now pursuing a more targeted strategy, including pursuing acquisitions in the Indian consumer goods sector. The Board is in discussions with another party about a possible transaction which would under the AIM rules constitute a reverse takeover of the Company. Shareholders are advised that there can be no certainty that the discussions between the parties will lead to any agreement concerning the possible transaction or as to the timing or terms of any such transaction and there can be no assurance that, even if agreement is reached, any such transaction would be completed. A further update will be provided to shareholders in due course. Trading in the Company's shares will remain suspended until publication of a re-admission document and the approval of any transaction at a general meeting of the Company. If no transaction is completed the Company's shares are scheduled to be cancelled from trading on AIM on 21 January 2018 pursuant to AIM Rule 41." http://uk.advfn.com/stock-market/london/sovereign-SMA/share-news/Sovereign-Mines-of-Africa-PLC-Suspension-of-shares/75281908
hedgehog 100
06/8/2017
15:46
A share that hasn't featured on this thread before is ZMNO, which is currently trading at well below cash, and is currently considering a cash return to shareholders, &/or an acquisition. At 3.9p its strong cash position, especially relative to its market cap., helps make it a lower risk shell play, but one which could still give some 'Zam, bam, thank you ma'am': Zamano (ZMNO) 3.9p Market cap. £3.9M. http://uk.advfn.com/p.php?pid=quote&symbol=ZMNO In its 31st. March final results, ZMNO stated that " ... a decision is expected to be made during H1 2017." So we are now over a month overdue. However, ZMNO's recent recovery to 3.9p is a bullish sign. And ZMNO's AGM on Wednesday could provide a timely opportunity to update the market. 31/03/2017 07:00 UKREG Zamano PLC Final Results "... In light of this, the Group took the decision in early February 2017 to formally wind down the existing business lines in order to protect the cash position on the balance sheet. The wind down of the existing business lines is ongoing and the Board is currently considering alternative strategic options. In the absence of a timely strategic alternative, the Group will look to maximise its cash position and make a distribution back to shareholders. The zamano Board is focused on conserving the Group's strong cash position by optimising our withdrawal from our existing business lines and the Group remains fully committed to supporting its clients and providing a high level of customer experience and service during the wind down process. ... This profit after tax, excluding the impairment charge, led to a further improvement in the Group's net cash position. At 31 December 2016, net cash was EUR7.2 million, an increase of EUR0.9 million over the 31 December 2015 net cash figure of EUR6.3 million.... (b) Going concern As explained in the Directors' Report, detrimental regulatory changes introduced during late 2016 have impacted both the Group's performance in the short term and the ability of the Group to sustain profitability going forward. In light of these changes, in February 2017, the Board took the decision to formally wind down existing business lines over the course of 2017. The Board is currently considering alternative strategic options for the Group beyond the cessation period for existing operations, one of which includes a liquidation and distribution of the Group's net assets to its shareholders. No decision has yet been made over the Group's strategic options however a decision is expected to be made during H1 2017." http://uk.advfn.com/stock-market/london/zamano-ZMNO/share-news/Zamano-PLC-Final-Results/74227966 27/06/2017 17:06 UKREG Zamano PLC Posting of Annual Report & Notice of AGM "zamano plc is pleased to confirm that its Annual Report & Accounts for the 12 months ended 31 December 2016 have been published and sent to shareholders. The Company is also pleased to announce that its Annual General Meeting ("AGM") will be held at 11am on 9 August 2017 at the Conrad Hotel, Earlsfort Terrace, Dublin 2 and the notice convening the AGM is contained in the Annual Report & Accounts which has been posted to shareholders. The Annual Report & Accounts and Notice of AGM are available on the Company's website www.zamano.com" http://uk.advfn.com/stock-market/london/zamano-ZMNO/share-news/Zamano-PLC-Posting-of-Annual-Report-Notice-of-AG/75122506
hedgehog 100
06/8/2017
08:40
UOG Wonder what these new and highly exciting potential Oil & Gas deals and acquisitions....are all about at UOG?
cpap man
06/8/2017
08:35
UOG UOG in one of the Sunday newspapers [subscription only] today with Brian Larkin talking about the 2 upcoming drills plus some new and highly exciting potential Oil & Gas deals and acquisitions.... Another win for United Oil & Gas With new well-drills on the way, potential acquisitions coming up across the globe and a debut on the London Stock Exchange, these are heady times for Brian Larkin’s United Oil & Gas.... ETC....
cpap man
06/8/2017
08:33
UOG If you ever look at small cap oil & gas companies maybe take a close look at recently [Monday] fully listed [standard] United Oil & Gas [UOG] UOG are headed up by 2 ex Tullow Oil [TLW] boys Brian Larkin and Dr. Jonathan Leather MKT CAP is £6M with over half of that being in cash....UOG have 2 drills planned in the next 4 to 6 months with the 1st drill in October Obviously with their TLW connections the boys have some massive plans to take the UOG share price from pennies to £ pounds £
cpap man
05/8/2017
20:15
Main-listed shell Senterra Energy (SEN) resumed trading this week post-RTO as United Oil & Gas (UOG). United Oil & Gas (UOG) 3.0p Market cap. £6.0M. http://uk.advfn.com/p.php?pid=quote&symbol=UOG SEN's period as a shell saw a disappointing share price performance: at listing on 10th. November 2015, the Company issued 25,000,000 new ordinary shares at a price of 5 pence per share, raising GBP1.25 million before expenses. Whereas the UOG RTO placing has been priced at 2.5. Shareholders will doubtless be hoping for a better share price performance from now on. 31/07/2017 07:00 UKREG United Oil & Gas PLC Readmission to Trading "The Board of the Company is pleased to announce that following Acquisition of the UOG Group and the Placing raising GBP3 million before expenses, the Company's Enlarged Share Capital is today admitted to the Official List (Standard Segment) and to trading on the London Stock Exchange's Main Market for listed securities. Brian Larkin, the Company's CEO, commented: "We are delighted to list United Oil & Gas Plc on the London Stock Exchange along with completing a fully subscribed share placing of GBP3million. Our work programs are wholly funded and we look forward to drilling our first well in the Selva field in the Po Valley in Italy, in October. In addition, we continue to evaluate further potential acquisitions and farm-in opportunities". Information on the Enlarged Group The UOG Group, established in 2015, has a strategy to acquire non-core oil and gas licences from larger oil and gas companies, with the goal of being an active partner to unlock previously untapped value and thus generating value for Shareholders. UOG is primarily focusing on Europe, taking advantage of the management team's extensive experience in this market and benefitting from the stable political and fiscal systems in the region. ... The Placing and use of proceeds In connection with the Acquisition and Readmission, the Company raised gross proceeds of GBP3 million (GBP2,666,000 net of Transaction Costs) through the issue of 120,000,000 Placing Shares at the Placing Price of 2.5p per share. The Placing was conducted in order to complete the Farm-in Agreement and to support the business growth of the Enlarged Group. ..." http://uk.advfn.com/stock-market/london/united-oil-gas-UOG/share-news/United-Oil-Gas-PLC-Readmission-to-Trading/75339420
hedgehog 100
05/8/2017
18:55
Yesterday's IC article on position sizing should come as no surprise to investors familiar with the legendary "Zurich Axioms", the first one of which recommends concentrated investing. These twelve axioms (some of which are more useful than others - I dislike II, XI, & XII) were summarised in the "Investors Chronicle" about three years ago (21 August 2014): Axiom I - on risk. Risk enough to be really worried about the outcome. Play for meaningful stakes. Axiom II - on greed. Always take your profits too soon. Control your greed; don't let it control you. Axiom III - on hope. When the ship starts to sink, don't pray. Jump. What makes a top-rate poker player - knowing when to fold. Axiom IV - on forecasts. Distrust anyone who claims to know the future. And don't let your own reasonable expectations of the future harden into dogmatic certainty. Axiom V - on patterns. Don't see order where it does not exist. Most of the time you're dealing with chaos, but that's not dangerous until it seems to look orderly. Axiom VI - on mobility. Stay light on your feet. Don't get locked into a way of thinking about investments and don't stick with a situation because you think it 'owes' you something. Axiom VII - on intuition. Trust a hunch if you can explain it. And you can explain it if it's consistent with the conclusions you can draw from an area that you have studied in depth. Axiom VIII - on religion and the occult. Don't imagine that providence will make you rich. After all, if astrology worked, all astrologers would be rich. Axiom IX - on optimism and pessimism. Learn the difference between confidence and optimism. If you are confident, you know how to handle the worst; if you're just optimistic, you don't. Axiom X - on consensus. Arrive at your own conclusions. Be deeply sceptical of majority opinion and never follow what look like speculative fads. Axiom XI - on stubbornness. Leave stubbornness to others. If a speculation does not succeed first time, forget it. And never average down a losing situation. Axiom XII - on planning. Forget long-range planning. All speculative media will change in ways that you cannot imagine.
hedgehog 100
04/8/2017
20:23
The main article headlined on the front cover of today's "Investors Chronicle": "Investing cracked Why putting all your eggs in one basket could pay off" "By Todd Wenning Position sizing is a constant challenge for amateur and professional investors alike. There’s no exact science behind it (we’ll discuss a few strategies in a moment), yet how you allocate capital across your investments can have a massive impact on your returns. ..." HTTP://www.investorschronicle.co.uk/shares/2017/08/03/investing-cracked/ A key message in the article is that investors should put more into their very best ideas, so that they have a more meaningful impact upon their portfolios. That immediately made me think of the BeST BeaST on the London Stockmarket ... video analytics company BST (23.5p, market cap. £13.3M.). In my opinion, long-term BST is a potential Qlik: “Visual Analytics Firm Qlik to be Acquired for $3bn June 6 2016 Visual analytics company Qlik is to be acquired by equity investment firm Thoma Bravo, in an all-cash transaction valued at approximately $3.0 billion. Lars BjörkHeadquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1,700 partners covering more than a hundred countries. Its portfolio of self-service data visualization and guided analytics products is used by companies of all sizes worldwide to explore information and generate insight. This portfolio comprises three core solutions: the Qlik Sense visual analytics platform; the QlikView guided analytics and dashboarding solution; and the Qlik Cloud range of SaaS apps. Under the terms of the acquisition agreement, Qlik shareholders will receive $30.50 in cash for each share of Qlik common stock, a 40% premium over the stock's last closing price. The proposed transaction is expected to close in the third quarter of 2016, subject to approval by Qlik's shareholders and regulatory authorities and the satisfaction of customary closing conditions. CEO Lars Björk (pictured) comments: 'Thoma Bravo recognizes the value that Qlik delivers - a platform that lets our customers see the whole story that lives within their data. Thoma Bravo has an excellent track record of investing in outstanding technology businesses for the long-term, and I am confident our employees, customers and partners will greatly benefit from our partnership with them'. Web site: www.qlik.com . "
hedgehog 100
04/8/2017
19:33
GOR began trading on AIM today after its RTO of WORK, and closed at a slight premium to its 140p placing price. Gordon Dadds Group (GOR) 146.5p Market cap. £41.7M. http://uk.advfn.com/p.php?pid=quote&symbol=GOR It looks like it could be a good long-term investment.
hedgehog 100
04/8/2017
09:37
H: I think I can credit you with attracting me to Tern. Many thanks, I will some day break even ! Now overloaded ! Keep your eye on the Tern bb. The company has a policy of no news by RNS except the basics. However much is happening behind the scenes, that is on the bb. In the main DA. off mkt holding. 1/8/17 MULTOS Consortium & DA Partnership The MULTOS Consortium, a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications, announced today that Device Authority, a global leader in Identity and Access Management (IAM) for the Internet of Things (IoT) is developing support for MULTOS to bring secure hardware technology to the IoT. hxxp://www.multos.com/news/view/device_authority_supporting_multos_for_secure_trusted_iot_devices hxxp://www.ichimokutrader.com/ Last 2 days very bullish signals. Cheers Hay.
haydock
03/8/2017
21:10
WORK RTO should relist tomorrow as GOR. 45% premium to suspension price so was worth the wait and the new company Gordon Dadds looks like it could do well.
scotty666
03/8/2017
20:38
PLMO has sunk to below its recent 0.0225p placing price, and at 0.0215p is looking like a good punt ... even if only for a million shares (just over two hundred quid's worth!) ... surely no shell can keep on losing value indefinitely!! Polemos (PLMO) 0.0215p Market cap. £1.1M. http://uk.advfn.com/p.php?pid=quote&symbol=PLMO A polemic about Polemos, from the thread "PLMO new dawn": under the radar 25 Jul '17 - 12:21 - 425 of 463 3 0 "Our CEO got his options (50m at 0.045p)and hasnt sold them . He then bought 44m shares in the last placing , so it's obvious that he thinks that the share price will be higher at some point in the future . What are the rules regarding a RTO , do you need a certain amount of directors on the bod ? , if that's the case , then it would explain why Danial and Nick joined . Mr Burton and Mr Mason bought 100m shares each and haven't sold a single share , so obviously they also think that the share price will increase at some point . Aim doesn't want any more investment companies on Aim , especially with a mkt cap below £5m - £6m. How will Hamish create shareholder value with 5.1b shares in issue ?. The only way is to get a stake in a private company / and to do a RTO. A share consolidation doesn't always mean bad news . It all depends on the asset / number of shares and market cap . This would be my preferred route and maybe that's why we didn't lend OY the money and why GUN done it instead . We now have about £1.1m in cash that's just waiting for the right investment to happen . Donald and Leni sold some of their Dor shares a few days before Polemos announced a placing . These guys are mates and are on the bod at various different companies (all interlinked between them). Knowing this I'm pretty sure that they took part in our placing . The latest news with AfriAg and LGC (both Leni Gas companies) makes me think that we will get a nice stake in House of Henp or that a reverse takeover will happen . Both of those companies have commited to pay $4.9m within 6 months (to start cannabis production). You only have to see what happened with all the Weald companies to see what will happen . It's what these guys do and our £1m cash will go a long way towards the $4.9m. AfriAg and House of Henp are private companies and I'm sure Leni would like a new cannabis firm that's listed on Aim . It just makes perfect sense ... everything adds up . You never know it could be a Sunshine Resources RTO but I'm leaning towards LGC . We should see the biggest shareholder list get updated soon because the new shares hit the market today (hardly any sells) which means everyone is holding . Our market cap is now £1.1m and that reflects our cash position , our Aim listing is worth another £500k as well . It will be interesting too see if we get anymore TR1's from the big shareholders who have increased their stake before the 15th August (when the close period ends). Nothing is guaranteed in this game , all we can do is our own research and invest accordingly . It's a waiting game now , the market will rinse any traders or anyone who has lost patience . The share price doesn't always correlate with what's going on behind the scenes / what's about to get announced . Time will tell .... GLA" http://uk.advfn.com/cmn/fbb/thread.php3?id=41208554&from=413 Oyster Oil & Gas (TSXV:OY): http://ca.advfn.com/stock-market/TSXV/OY/chart
hedgehog 100
03/8/2017
20:02
27/07/2017 07:01 UKREG Rentokil Initial PLC Half-year Report http://uk.advfn.com/stock-market/london/rentokil-initial-RTO/share-news/Rentokil-Initial-PLC-Half-year-Report/75318273 Hvs & Leadersoffice, Thank you for your contributions here on the day of RTO's interims last week ... but for future reference please note that this is not actually a Rentokil thread! ADVFN unfortunately added the name Rentokil Initial to the top of this thread a while ago, though long after it had started, hence the recent confusion. This may help to explain why this thread has been relatively quiet recently, and it would be nice to see it more active again, so please people don't be shy in submitting your suggestions!
hedgehog 100
03/8/2017
19:31
Thanks Scotty. I3 Energy (I3E) 29.5p Market cap. £7.6M. http://uk.advfn.com/p.php?pid=quote&symbol=L%5EI3E 25/07/2017 08:27 UK Regulatory (RNS & others) i3 Energy PLC First Day of Dealings Replacement "i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce that Admission and dealings in its Ordinary Shares on the AIM market of the London Stock Exchange will commence at 08:00am 25(th) July 2017 under the TIDM "i3E". At the Admission Price of 55 pence per share the Company has an initial market capitalisation of GBP14.1 million, with the total number of Ordinary Shares in the Company in issue immediately following Admission being 25,690,892 each equal with voting rights. The total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure, Guidance and Transparency Rules of the Financial Conduct Authority. Copies of the Admission Document will be available at the registered office of the Company, subject to applicable securities laws or regulations. As detailed in the Company's Admission Document found at hxxps://i3.energy/, i3's core asset is the Liberator oil discovery located in the Outer Moray Firth within the UK North Sea. The Company's independent reserve auditor, Gaffney, Cline & Associates ("GCA"), attribute 9.4 MMboe of 2C Contingent Resources to i3's 100% operated interest in Licence P.1987 in Block 13/23d (the "Liberator Licence Area" or "LLA"), with the wider Liberator Field Cluster ("LFC") containing 16.1 MMboe. Under the assumptions outlined in GCA's Competent Persons Report, the LLA and LFC have before-tax NPV10 values of US$ 249 million and US$ 311 million respectively, with the LLA's 1C Low Case having an NPV10 break-even using a constant US$ 23 per barrel Brent oil assumption. Following Admission the Company will continue to advance negotiations for suitable offtake terms and submit its Field Development Plan ("FDP") for the LFC while seeking to secure all contracts, equipment and funds necessary to deliver first oil. In addition to preparations for its Liberator development, i3 will evaluate potential strategic acquisitions and is looking forward to participating in the UK's upcoming 30(th) Offshore Licensing Round. Neill Carson, Chief Executive Officer of i3 Energy, said "We are pleased to announce our admission to the London Stock Exchange. The Liberator field is a high quality, low cost, oil development capable of generating significant value for our shareholders and we remain on track to submit the Liberator FDP in the near future. We are operationally focused on bringing this highly attractive asset into development and are exploring numerous funding options which include supply chain financing and farm-outs". "i3 has a highly experienced team and Board and we are delighted to welcome David Knox as Non-Executive Chairman and Majid Shafiq and Richard Ames as Non-Executive Directors. Their strong understanding of the sector and experience will be of considerable value to the Company as we enter our next stage of growth and focus on executing our strategy." "We look forward to updating the market on our progress." " http://uk.advfn.com/stock-market/london/i3-energy-I3E/share-news/i3-Energy-PLC-First-Day-of-Dealings-Replacement/75299302
hedgehog 100
28/7/2017
07:55
accounting surplus Fully funded Who is they using ?????? 24 P/E its going No where but down.
hvs
27/7/2017
14:58
£265.7 million accounting surplus Fully fundedNext valuation 2018Closed to new members
leadersoffice
27/7/2017
10:19
Anyone know the size of the PENSION DEFICIT here ?????
hvs
25/7/2017
11:18
No worries hedgehog. Also for info I3E listed today after reversing into GWIK - the listing price was 55p but currently at 43p so certainly one to watch.
scotty666
16/7/2017
17:53
Thanks Scotty for drawing this interesting new RTO to our attention. Work Group (WORK) 3.0p (suspended) Market cap. £0.8M. http://uk.advfn.com/p.php?pid=quote&symbol=WORK 12/07/2017 18:39 UKREG Work Group plc Offer for Gordon Dadds & Placing to raise £20m " … Work Group (AIM: WORK) is pleased to announce that it has conditionally offered to purchase Gordon Dadds Group Limited ("Gordon Dadds"), an acquisitive London based law firm, via a share offer for an aggregate consideration of GBP18.8 million, to be satisfied by the allotment and issue of 13,417,143 New Ordinary Shares at a post-Consolidation price of 140 pence per share (4.375 pence per share on a pre-Consolidation basis) ("Acquisition"). Alongside the Acquisition, Work Group also announces that it has successfully raised GBP20 million via a conditional placing of new ordinary shares in Work Group at a post-Consolidation placing price of 140 pence per share (4.375 pence per share on a pre-Consolidation basis) ("Placing Price") to institutional investors ("Placing"). Highlights: -- Successfully raised GBP20 million via the Placing of 14,285,714 New Ordinary Shares (457,142,857 shares on a pre-Consolidation basis) ("Placing Shares") at the Placing Price. -- The Enlarged Group will have a market capitalisation of GBP40 million based on the Placing Price upon Admission to AIM. -- Proposed change of name to Gordon Dadds Group plc. -- Proposed consolidation of every 32 Existing Ordinary Shares into one New Ordinary Share ("Consolidation"). -- On Admission, the Gordon Dadds' shareholders will own, in aggregate, approximately 46.9 per cent. of the Enlarged Share Capital. … " http://uk.advfn.com/stock-market/london/work-group-WORK/share-news/Work-Group-plc-Offer-for-Gordon-Dadds-Placing-to/75224928
hedgehog 100
11/7/2017
23:07
book build and RTO announced today at 4.375 a nice premium to start versus suspension price and worth the wait.
scotty666
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