Resources In Insurance Group Share Discussion Threads

[imabastard] 25/1/2011 09:07

You're probably right ....

[imabastard] 25/1/2011 08:40

So, 'SF T1ps Smaller Companies Growth Fund' now have over a quarter of a million quids worth ....

[imabastard] 22/1/2011 20:47

So there's the answer .... one and the same ? .... thanks Curling.

Could just be a little preoccupied with the villa .... ;o)

[curlingstone] 22/1/2011 18:26

ImaB - Michael's full name is Michael Alistair Geoffrey Somervail....

[verulamium] 21/1/2011 21:33

By the way, I've finally got round to updating the links in the header so they should now work. Any requests for anything else in the header, fire away! It's nice to have a few visitors, sorry about the cobwebs...

[verulamium] 21/1/2011 21:20

Well I bet Michael's not best pleased with his timing. Hope he kept a few back...

[imabastard] 21/1/2011 19:59

So, a Michael Somervail no longer has a notifiable interest and there is no reference to a holding of Michael Somervail all the way back to 2000 .... but there was a Geoff Somervail who was appointed as CEO in 2007 and stepped down as CEO in 2008 .... Geoff Somervail had 11 million shares in 2007 .... so, at a guess his relation Michael was the recipient of at least half (to have had a notifiable interest) or all of those shares.

Best guess.

--------------------------
"17-07-08

Resources In Insurance CEO Somervail steps down; John French named exec chairman AFX UK Focus
LONDON (Thomson Financial) - Insurance claims facility provider Resources In Insurance Group Plc. said its chief executive Geoff Somervail has stepped down to pursue private business interests.

The company appointed its non-executive chairman John French as executive chairman with immediate effect."
------------------------
"01-03-07

Claims People names Geoff Somervail CEO; CEO Barry Whyte named MD AFX UK Focus
LONDON (AFX) - AIM-listed Claims People Group PLC has named Geoff Somervail its chief executive officer.

Somervail replaces CEO Barry Whyte who has moved to the position of managing director, the insurance claims services company said.

Financial director, Dominic Boyce will also assume the added responsibility of company secretary, it added.

Somervail bought about 11.1 mln shares, the company said."
-----------------

[matty28] 20/1/2011 16:49

Also Barry Whyte on the board. What a cool name to say the least!!! Thats got to be worth something to the share price itself haha only joking.

[matty28] 20/1/2011 16:47

RNS Number : 7663Z
Resources In Insurance Group PLC
20 January 2011





20 JANUARY 2011



RESOURCES IN INSURANCE GROUP PLC

("RiIG" or the "Group")



LOAN CONVERSION



The board of Resources in Insurance Group plc (the "Board"), a leading provider of claims management and consultancy solutions to the UK insurance profession, is pleased to announce that SF T1ps Smaller Companies Growth Fund ("SF T1ps") has served notice to convert the remaining £100,000.00 of the loan made by it to RiIG into 19,230,769 ordinary shares of 0.1 pence each (the "Conversion Shares"). SF T1ps had already converted £100,000 of the loan on 12 January 2011, further details of which were contained in the announcements made on 1 March 2010 and 13 January 2011. The conversion price is 0.52 pence per Conversion Share.



Application has been made for the Conversion Shares, which will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Conversion Shares will commence on or around 25 January 2011.



When issued the Conversion Shares will represent 6.06 per cent. of the enlarged share capital of RiIG. The total issued share capital of RiIG following Admission will be 317,495,709 ordinary shares of 0.1 pence each in the capital of RiIG. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of RiIG under the Disclosure and Transparency Rules.



Commenting on today's news, Executive Chairman John French, said:



"The Board is encouraged by today's news as the Group's balance sheet has strengthened in January by approximately £600,000 via the conversion of debt to equity, subscription of new shares and the exercise of share options by directors, as announced previously. The Group is now debt free and in a strong position to grow both organically and through possible acquisition opportunities."







ENQUIRIES:



Resources in Insurance Group plc

John French, Executive Chairman Mobile: [phone]



Allenby Capital Ltd - Nominated adviser and joint broker Tel: [phone]

Brian Stockbridge / Alex Price



Rivington Street Corporate Finance - joint broker Tel: [phone]

John Levinson



For further information on the Group: www.riig.co.uk




This information is provided by RNS
The company news service from the London Stock Exchange

END


IOEQKLFFFFFXBBE

Another loan conversion.. any thoughts??

[goodboke] 20/1/2011 13:43

This should go up big time in next few weeks in anticipation of expected deals in first quarter.a very low market cap in relation to expected considerable progress this year and with no debt should see value coming through.All these high profile investors that have recently taken positions can't be wrong and shows great confidence in my opinion

[eaglet] 20/1/2011 13:14

So is 353,538 @ 0.7001. (It's mine!)

[ibs7491] 20/1/2011 09:07

250k at 0.725p is a buy////

[imabastard] 20/1/2011 07:23

"The Group is now debt free and in a strong position to grow both organically and through possible acquisition opportunities"

Wonder what's on the shopping list ?

[imabastard] 17/1/2011 20:21

Ah, with the amendment, it's all making sense now. :o)

[goodboke] 17/1/2011 18:51

These people are not suddenly buying for nothing! amendment to my earlier statement

[imabastard] 17/1/2011 14:27

Haha ! To support your previous statement, of course .... ;o)

"DavidLloyd - 11 Jan'11 - 13:39 - 225 of 242

A prerequisite is a 'clear exit strategy'. What more do we need to make this a clear no brainer? Morton is obviously confident he knows how to unlock the future value of this little co....
Very happy holding, and will stay for the LT.

DL"

[davidlloyd] 17/1/2011 12:59

Exactly......
;-)

[ashtree2] 17/1/2011 11:15

Just bought 2 lots of £1k at ,7768 so guess there is an overhang?

[imabastard] 17/1/2011 10:10

Other than Bluehone increasing their holding from 18 million up to 50 million .... Bob Morton increasing his company's holding to 48 million (the most interesting one of the lot), at a guess from around 8 million as there is no previous notifiable holding notice from him (can't see one) and the latest SF t1ps increase to 26 million .... and all within the space of four days .... haven't got a clue. :o)

[matty28] 17/1/2011 09:50

Holdings in company and admission of shares
Share this article
TIDMRIIG

RNS Number : 5088Z

Resources In Insurance Group PLC

14 January 2011

14 January 2011

RESOURCES IN INSURANCE GROUP PLC

("RiIG" or the "Group")

Holdings in Company

The board of Resources in Insurance Group plc (the "Board"), a leading provider of claims management and consultancy solutions to the UK insurance profession, were informed on the 14 January 2011 that, SF T1ps Smaller Companies Growth Fund had increased their notifiable interest to 26,052,991 ordinary shares of representing 8.73% of the current issued share capital of RiIG.

Admission of conversion shares

In addition, the Board announces that, following the announcement made on 13 January 2011, the 19,230,769 shares to be issued to SF t1ps Smaller Companies Growth Fund as part of its loan conversion (the "Conversion Shares") will be admitted to trading on AIM on or around 18 January 2011 ("Admission").

When issued the Conversion Shares will represent approximately 6.45 per cent. of the enlarged issued share capital of RiIG. The total enlarged issued share capital of RiIG following Admission will be 298,264,940 ordinary shares of 0.1 pence each in the capital of RiIG. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of RiIG under the Disclosure and Transparency Rules.

ENQUIRIES:

Resources in Insurance Group plc

John French, Executive Chairman Mobile: [phone]

Allenby Capital Ltd - Nominated adviser and joint broker Tel: [phone]

Brian Stockbridge / Alex Price

Rivington Street Corporate Finance - joint broker Tel: [phone]

John Levinson

For further information on the Group: www.riig.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLSFEFDLFFSEIF

Any thoughts?

[imabastard] 14/1/2011 18:59

.... and so it continues .... holdings increases ....

[imabastard] 13/1/2011 22:21

msufi .... think with PMG it was news of an acquisition that set the share price on fire and as often the case, many large buys happen (and volume spikes) just before a significant piece of news emerges. Too many parties interested suddenly (lifting their shareholding) here for there not to be a significant development .... so, will be interesting to see what it ends up being.