Rentokil Initial Share Price (RTO)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Rentokil Initial Plc	LSE:RTO	London	Ordinary Share	GB00B082RF11	ORD 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-3.70	-0.92%	397.70	1,157,896	10:14:53

Bid Price		Offer Price	High Price	Low Price	Open Price
397.60		397.80	403.40	397.60	403.40

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	2,472.30	-114.10	-5.35		-

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
10:14:53	AT	969	397.70	GBX

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Experian (EXPN), Ferguson (FERG), Phsc (PHSC), Nakama (NAK)

Rentokil Initial (RTO) Latest News

Rentokil Initial News

Date	Time	Source	Headline
21/6/2019	09:01	ALNC	Rentokil Initial Non-Exec Director Davis Resigns Amid Commitments
21/6/2019	07:04	ALNCF	Alliance News Flash Headline
21/6/2019	07:00	UKREG	Rentokil Initial PLC Directorate Change
11/6/2019	12:00	UKREG	Rentokil Initial PLC Holding(s) in Company
31/5/2019	17:00	UKREG	Rentokil Initial PLC Holding(s) in Company
30/5/2019	17:00	UKREG	Rentokil Initial PLC Director Declaration
21/5/2019	15:34	ITALNC	Rentokil, Garante concorrenza valuta acquisizione Mitie
21/5/2019	12:20	ALNC	TOP NEWS: CMA Considers Rentokil Proposals For Mitie Unit Buy
17/5/2019	16:04	UKREG	Rentokil Initial PLC Director/PDMR Shareholding
15/5/2019	09:30	UKREG	HSBC Bank plc Pre Stabilisation Notice

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Rentokil Initial (RTO) Discussions and Chat

Rentokil Initial Forums and Chat

Date	Time	Title	Posts
23/6/2019	13:16	THE REVERSE TAKEOVERS & SHELLS THREAD	932
18/4/2019	23:55	Rentokil Initial plc	1,130
12/4/2019	13:33	Rentokil Initial Q1 18.04.19 Preview	-
06/11/2015	19:22	Buying Opportunity. Was pest control franchising part of their strategy?	-
05/5/2015	20:05	Rentokil	9

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Rentokil Initial (RTO) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
09:14:53	397.70	969	3,853.71	AT
09:14:53	397.70	900	3,579.30	AT
09:14:52	397.70	940	3,738.38	AT
09:14:52	397.70	822	3,269.09	AT
09:14:15	397.80	27	107.41	AT

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Rentokil Initial (RTO) Top Chat Posts

Date	Subject
25/6/2019 09:20	Rentokil Initial Daily Update: Rentokil Initial Plc is listed in the Support Services sector of the London Stock Exchange with ticker RTO. The last closing price for Rentokil Initial was 401.40p. Rentokil Initial Plc has a 4 week average price of 365.60p and a 12 week average price of 355.80p. The 1 year high share price is 403.40p while the 1 year low share price is currently 280p. There are currently 1,849,332,965 shares in issue and the average daily traded volume is 6,880,224 shares. The market capitalisation of Rentokil Initial Plc is £7,354,797,201.81. Read Full Thread Reply
09/5/2019 19:17	hedgehog 100: Haydock, Yes, I'm expecting IQAI to raise additional funds in a few months. And I'm also expecting a period of very positive IQAI newsflow in the near future, driving the share price to much higher levels ahead of that fundraising. In fact, I would prefer a situation like this to one where a company doesn't need to raise funds for quite a while, and is happy to let the share price drift in the interim. IQAI did actually conduct a fundraising in March though, which bodes well for the price of the next fundraising. IQAI's March 2019 fundraising had two major positives: 1. The fundraising conversion price of 2p was at a massive premium (56.86%) to the then IQAI share price (1.275p). 2. The investment of the two CEO's was akin to massive directors share buying, a huge vote of confidence in the company, especially at such a massive premium. 11/03/2019 07:00 UKREG IQ-AI Limited Issue of Convertible Loan Notes "IQ-AI is pleased to announce that the Company has issued GBP268,500 in nominal amount of 6% unsecured convertible loan notes 2024, convertible into 13,425,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a price of 2 pence per share ("CLNs"). The funds raised as a result of the issue of the CLNs will be used to provide additional working capital for the Company. The funds raised enables the Company to fully execute its current business plan and shareholders should take comfort that the Company is now able to fully execute its current strategic objectives, following this, initially, non-dilutive fundraise. Trevor Brown, Chairman of the Company, has subscribed for GBP250,000 of the CLNs and Michael Schmainda, Chief Executive Officer of the Company's 100% owned subsidiary, Imaging Biometrics LLC, has subscribed for GBP18,500 of the CLNs. ..." https://uk.advfn.com/stock-market/london/iq-ai-ltd-IQAI/share-news/IQ-AI-Limited-Issue-of-Convertible-Loan-Notes/79437794 There are some similarities with TERN near its medium term low of 2p. And TERN took advantage of its subsequent share price rise in 2018 to raise funds at far less dilution than otherwise - 08/05/2018 07:01 UK Regulatory (RNS & others) Tern PLC: Equity Fundraise Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that it has raised GBP1,750,000 before expenses through an unconditional placing of 9,459,460 new ordinary shares of 0.02p each at a price of 18.50 pence per ordinary share (the "Placing") with a single institutional investor, utilising the existing share authorities granted at the 2018 AGM. ... https://uk.advfn.com/stock-market/london/tern-TERN/share-news/Tern-PLC-Equity-Fundraise/77363922 25/07/2018 07:01 UK Regulatory (RNS & others) Tern PLC: Equity Fundraise of c. GBP2.9m Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that it has raised approximately GBP2.9 million before expenses through an unconditional placing of 11,192,307 new ordinary shares of 0.02p each at a price of 26 pence per ordinary share (the "Placing"), utilising the existing share authorities granted at the 2018 AGM. ... https://uk.advfn.com/stock-market/london/tern-TERN/share-news/Tern-PLC-Equity-Fundraise-of-c-GBP2-9m/77926992 Read Full Thread Follow Reply
06/8/2017 08:33	cpap man: 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 £ Read Full Thread Follow Reply
05/8/2017 20:15	hedgehog 100: 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 Read Full Thread Follow Reply
03/8/2017 20:38	hedgehog 100: 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 Read Full Thread Follow Reply
03/8/2017 20:02	hedgehog 100: 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! Read Full Thread Follow Reply
16/7/2017 17:53	hedgehog 100: 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 Â£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 Read Full Thread Follow Reply
28/6/2017 20:40	hedgehog 100: BST issued its 2016 final results today, and its share price slipped back to 24.75p on profit-taking. This looks like a good buy opportunity, considering the explosive growth rate that today's RNS revealed. Let's consider the explosive nature of the 2017 growth here, which is better than I had been expecting, but which people seem to have been missing - 28/06/2017 07:01 UKREG Big Sofa Technologies Group PLC Final Results "... Revenues grew to GBP757,000 in 2016, with average monthly revenue approximately double that in 2015 ... Strong start to 2017, with revenues in June more than three times greater than January ... We have made significant operational and financial progress in the first half of the year, growing a substantial new business pipeline from just c.GBP100,000 at the outset of the year to over GBP1.35 million today ... of the proposals decided upon so far this year, Big Sofa has converted 54% by value ..." https://uk.advfn.com/stock-market/london/big-sofa-tech-BST/share-news/Big-Sofa-Technologies-Group-PLC-Final-Results/75126028 I.e. Revenues up over 200% in five months, an annualised increase of over 1,000%! And order book pipeline up about thirteen-fold in five months, an annualised increase of over 20,000%!! In 2016, turnover was about seven times the year end order book pipeline. If a similar ratio applies this year, we should therefore expect multi-million pound turnover in 2017. The order book clearly has a quite rapid turnover, as you would expect with this type of business, but which some people may not appreciate and which is therefore fooling them. Moreover, the conversion rate of over 50% is stunning: not only is it a very strong validation of BST's offering, but also bodes very well for further strong revenue growth. Now let's consider the operating loss and cash position: 28/06/2017 07:01 UKREG Big Sofa Technologies Group PLC Final Results " ...Operating expenses include GBP785,000 of AIM listing costs and GBP705,000 of deemed reverse acquisition costs, both of which are non-recurring. ... The balance sheet at the end of 2016 remained strong with cash of GBP2.5 million ... Operating loss (4,297) ..." https://uk.advfn.com/stock-market/london/big-sofa-tech-BST/share-news/Big-Sofa-Technologies-Group-PLC-Final-Results/75126028 I.e. the 2016 operating loss excluding non-recurring costs was £2.8M., only slightly higher than the year end cash position. The speed with which revenues are growing means that there may well not be an urgent need to raise more equity funds before the company is at or near profitability, especially as it could prefer debt if necessary. But of course it may choose to do undertake a placing, e.g. if it dual-lists in America as is the claimed intention. And if it does, the sort of explosive growth being achieved should mean that funds should be available at a very healthy share price. Read Full Thread Follow Reply
20/9/2016 18:41	hedgehog 100: Hi Maytrees, and thanks for flagging up LVRT (Levrett). To address your question, a RTO suspension is usually a very positive event if the RTO goes through, as it generally adds significant value. A recent example is VLOX (outlined in the post above yours), which returned to the market as VLTY at the end of June after a RTO priced at five times the suspension price: which was a real gain, not just down to a share price consolidation. Further back, in May 2014 ONE was suspended for a RTO, and returned a month later as BOOM at double the price. In fact buying in just ahead of a suspension can be a good strategy if you expect a positive outcome, as the share price can be depressed beforehand by investors who don't want to be locked in, and/or are unsure of the outcome, creating a buying opportunity. And just the potential of a suspension can create such an opportunity, even if the suspension doesn't actually happen. However, the situation is less clear cut if there has been a very strong run up in the share price just prior to suspension. It is possible for expectations to be too high, for the shell to be overvalued, and for it to trade lower after the RTO. But then again it could be a deserved rerating upwards, for a shell which has previously been oversold. You will need to assess what is fair value for the shell, and its likely deal. And that can be very subjective and speculative, given the lack of info. you are likely to have on the RTO prior to any suspension. Read Full Thread Follow Reply
06/9/2016 20:56	hedgehog 100: VLOX was suspended in December 2015 at 0.2p (market cap. £0.11M.) for a RTO, equivalent to a current 5p consolidation-adjusted. And it has recently returned to market as VLTY after a RTO at 25p, a fantastic profit for anyone who bought in late last year. This shows the merit of monitoring such micro cap tiddlers, and where appropriate, taking a punt. Veltyco Group (VLTY) 22.5p Market cap. £12.8M. http://uk.advfn.com/p.php?pid=quote&symbol=VLTY 09/06/2016 07:00 UK Regulatory (RNS & others) Velox3 PLC Proposed Acquisition and Change of Name Proposed Acquisition of Sheltyco Enterprises Group Ltd., Change of Name to Veltyco Group plc and Notice of General Meeting "Velox3 plc (AIM: VLOX) is pleased to announce the conditional acquisition of the entire issued share capital of Sheltyco Enterprises Group Limited for a consideration of GBP10.9 million to be satisfied by the issue of 43,753,775 new consolidated Ordinary Shares. Sheltyco is a holding company for several subsidiary companies focused on the marketing and promotion of third party online gaming, lottery and binary option operators, such as Betsafe (online casino and sports betting), Lottopalace (lottery) and Option888 (binary options). Key points -- Sheltyco (founded in 2011) is specialised in marketing and promotion activities in three fast growing markets: o Online gaming (Betsafe - online casino and sports betting) o Lottery (Lottopalace) o Binary options (Option888) -- Profitable and cash generative since 2013 -- Following Admission, the Enlarged Group will also review potential acquisition opportunities which fit into the company's profile. -- The net proceeds of the transaction will be used to support the working capital needs of the Enlarged Group and to continue Sheltyco's marketing activities in gaming, lottery and binary options -- The Directors intend to declare dividend payments as soon as it becomes commercially prudent to do so The Company also announces that it has conditionally raised c.GBP538,000 before expenses by way of a Subscription of 2,152,172 Subscription Shares at a price per Subscription Share of 25 pence. The approximate net proceeds of the Subscription of GBP251,000 will be applied as working capital for the Enlarged Group. The Subscription is anticipated to complete in two stages with 1,273,181 Subscription Shares being issued on Admission, raising approximately GBP318,295 (gross), and a further 878,991 Subscription Shares issued in early July raising approximately GBP219,747 (gross). As a term of the Subscription, each Subscriber shall also receive 1 Warrant for every 5 Subscription Shares subscribed, exercisable at 31 pence per Warrant at any time during the period from the date of issue until the 5th anniversary of issue. It is not intended that the Warrants will be listed on any stock market. In addition, the Company intends to convert outstanding loans of c.EUR818,000 into 2,717,932 Ordinary Shares and 503,586 Warrants. Share Consolidation The Company currently has 193,031,360 Existing Ordinary Shares in issue; the last recorded price per Existing Ordinary Share was 0.20 pence on 4 December 2015, the last day that the Existing Ordinary Shares were trading on AIM before suspension. The Existing Directors believe that consolidating the Existing Ordinary Shares will lead to the Enlarged Group having a more readily understood share price and number of Ordinary Shares in issue. Accordingly, the Existing Directors have decided to implement a consolidation of its share capital so that each Shareholder of every 25 or more Existing Ordinary Shares will be entitled to receive one new Ordinary Share. Shareholders with a holding in excess of 25 Existing Ordinary Shares, but which is not exactly divisible by 25, will have their holdings of Ordinary Shares rounded down to the nearest whole number of Ordinary Shares following the Share Consolidation. Conversion of outstanding fees In settlement of certain fees and remuneration due to the Existing Directors in the aggregate sum of EUR106,400, it is envisaged that the Board will propose to issue on Admission to David Mathewson 173,538 new Ordinary Shares and to Mark Rosman 153,846 new Ordinary Shares at the Issue Price. Assuming that these share issues are carried out, David Mathewson's interest in the Enlarged Share Capital on Admission will comprise 249,769 Ordinary Shares representing 0.44 per cent. of the Enlarged Share Capital and warrants over 240,000 Ordinary Shares and Mark Rosman's interest will comprise 486,927 Ordinary Shares representing 0.86 per cent. of the Enlarged Share Capital. Change of Name To reflect the changing nature of the business the Directors propose a change of name to Veltyco Group Plc. Notice of General Meeting The Acquisition is classified as a reverse takeover under the AIM Rules requiring the approval of Shareholders. The Acquisition is also conditional on the approval by the Shareholders of a waiver of Rule 9 of the Takeover Code. As a result, the Company is today also publishing a readmission document (Readmission Document) which is available from the Company's website at www.velox3.com. Conditional upon the completion of the Acquisition, application will be made for the Enlarged Issued Share Capital to be admitted to trading on AIM. An Extraordinary General Meeting of the Company will be held at the offices of Estera Trust (Isle of Man) Limited, 33-37 Athol Street, Douglas, Isle of Man IM1 1LB on 27 June 2016 at 10.30a.m. for the purpose of considering and, if thought fit, passing the resolutions. A copy of the Readmission Document, notice of Extraordinary General Meeting and Proxy Form will be posted to Shareholders later today Trading in the Company's Existing Ordinary Shares on AIM is currently suspended; it is anticipated that following completion of the Acquisition the suspension will be lifted and trading in the Enlarged Share Capital will commence at 8.00 a.m. on or around 29 June 2016. Stockdale Securities is acting as Nominated Advisor and Broker to the Company. Capitalised terms used in this announcement but not defined have the meanings given to them in the Readmission Document." http://uk.advfn.com/stock-market/london/veltyco-grp-VLTY/share-news/Velox3-PLC-Proposed-Acquisition-and-Change-of-Name/71690170 Read Full Thread Follow Reply
06/8/2016 16:27	hedgehog 100: Very positive developments at ACO on Wednesday of this week. Check out the premium of the placing price - a whopping 71.43% to ACO's closing share price of 8.75p on 2nd August: 03/08/2016 14:30 UK Regulatory (RNS & others) Acorn Minerals PLC Subscription "The Company is pleased to announce that it has entered into conditional agreements with a group of unconnected investors introduced by Peterhouse Corporate Finance, pursuant to which such investors will subscribe in cash for 16,517,778 new ordinary shares in the capital of the Company (Subscription Shares) at 15p per share (Subscription Price) to raise gross proceeds of GBP2,477,666.70 (Subscriptions). On issue, the Subscription Shares will represent 53.62% of the issued share capital as enlarged by the Subscription Shares. The Subscription Price stands at a 71.43% premium to the closing middle market price of an ordinary share in the capital of the Company on 2 August 2016, being the latest practical date before the date of this announcement. Completion is scheduled to take place on or before 30 September 2016 or such later date as the parties may agree. On completion the existing directors will resign and be replaced by directors nominated by the investors. Completion of the Subscriptions is conditional upon: -- evidence satisfactory to the investors as to the passage of resolutions at a general meeting of the Company to authorise the allotment and issue of the Subscription Shares; -- evidence satisfactory to the investors of a prospectus relating to the issue of the Subscription Shares having been approved by the FCA; and -- aggregate subscription monies being received by of not less than GBP2,477,666.70 (such sum having been deposited prior to exchange of the subscription agreements). Further details will be provided in due course in a shareholder circular and in the prospectus." http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Subscription/72127033 Someone has big plans for this main-listed shell, and all should be unveiled shortly. But that is not currently reflected in ACO's share price, having closed for the weekend at 11.75p, which is about the level of cash per share including the new monies. Read Full Thread Follow Reply

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