Rexam Share Discussion Threads

[pidgeon2] 24/9/2009 14:32

is this plant being closed in dunkirk france the one that was recently extended?

[pidgeon2] 10/9/2009 14:07

i would like to see more regular trading updates- probably have to wait until mid november. though is there any reason why anything has changed?

[broadwood] 09/9/2009 18:27

I suppose it could be out of their income funds as the divi has stopped temporarily.

Thats always the worry when they chop it.

[whonosewhy] 09/9/2009 17:56

Invesco have sold over 51M shares since 30 Jul? Is that what those rns are saying?

I guess that may account for some of the price movements though not sure how the rights issue effects things during that period.

It does also look like Invesco are getting out completely surely if they have gone from over 11% to 2.15% of the company?

Or maybe this rns is a sign that they have stopped selling?

Anyway I'm still in for the long run.

[pidgeon2] 27/8/2009 15:29

how about a trading update then?

[broadwood] 27/8/2009 12:43

Diageo's reduced growth targets probably accounting for the weakness today.

[deanforester] 19/8/2009 18:34

And in today's RNS at 10.30 it says:

Rexam announces today that, in accordance with the arrangements set out in
paragraph 5 of Part III of the prospectus for the Rights Issue dated 29 July
2009 (the "Prospectus"), Citigroup Global Markets U.K. Equity Limited and RBS
Hoare Govett Limited, as Joint Bookrunners, have procured subscribers for the
remaining
11,254,063 Rights Issue Shares, for which valid acceptances were
not received, at a price of 253 pence per Rights Issue Share.

[broadwood] 19/8/2009 09:54

Just the 4.5% or so not taken up. The bookrunners now looking for decent homes for them.

[deanforester] 19/8/2009 09:49

Bonetrader

Today's RNS about the take up of the rights issue has a paragraph at the end about the disposal of the rights not taken up.



In accordance with the arrangements set out in paragraph 5 of Part III of the
prospectus for the Rights Issue dated 29 July 2009 (the "Prospectus"), Citigroup
Global Markets U.K. Equity Limited and RBS Hoare Govett Limited, as Joint
Bookrunners, will use reasonable endeavours to procure subscribers for the
remaining 11,254,063 Rights Issue Shares not validly taken up in the Rights
Issue subject to the terms and conditions agreed with the Company. A further
announcement as to the number of Rights Issue Shares for which subscribers have
been procured will be made in due course.

[broadwood] 18/8/2009 16:10

Should start to catch the market up now all the cash is safely gathered in.

[bonetrader] 16/8/2009 11:53

Many Thanks DeanForester and all who have been good enough to respond, In future I will ensure I read things properly- I can't tell you what an ear bend I have received from my other half! Who is ALWAYS right about everything-FACT!

[deanforester] 15/8/2009 23:03

Had you elected to take up the rights, Lloyds would already have taken your money on Friday, so that the funds could be paid before the due date, which is 11.00 am on Tuesday, 18th August. The fully paid rights begin trading on Wednesday, 19th August. See for confirmation.

What will happen to your rights is that they will be made fully paid by the underwriters and then sold in the market. You will get the sale price, less the 150p subscription, less a small brokerage percentage, for each of your 1431 rights. That looks like being about £1 for each of your rights.

It always pays to tell Lloyds what you want to do before their deadline. If you do it by secure E-mail, also check that they have read your E-mail before their deadline. If you wish to sell the rights in the market, or part of them to fund taking up the remainder, you need to do that before the deadline as well.

[broadwood] 15/8/2009 15:58

Lloyds have probably set an earlier deadline so they can do the admin before the closing date.Thats perfectly normal.

In which case, your shares will be sold nil paid on your behalf at the prevailing price by the Company.

[bonetrader] 15/8/2009 11:13

Well I have read it in full, and by this it seems that I have till 18th august to take up my nil paids, however Lloyds told me the deadline was 5pm 11th august. Who is right?

[pidgeon2] 15/8/2009 10:51

have your read the announcement,



prospectus from the website



and gone through this thread and the other one too

[bonetrader] 15/8/2009 09:45

Can somebody help please on this question. I have been allocated 1431 Nil paid rights shares which I have NOT taken up, I misread the Date of Acceptance offer, my own fault! How do I stand, I remember Kiwi2007 implying that I could either sell them now, even though I have not paid for them, or just await the proceeds from their disposal after the 18th August.What is the situation?

[pidgeon2] 13/8/2009 10:33

260 is 300 pre-rights price - back to 300 pre-rights!?!?!? unbelievable!!!!

[pidgeon2] 13/8/2009 09:52

these always surprise me how far the brokers time and time again manage to ramp them back up after such consistently dismal figures

[pidgeon2] 13/8/2009 08:43

nope, filled the gap back down now

[rampmeister] 12/8/2009 23:15

Charts suggests resistance around 260p and later 280p but of course this doesn't factor in rights issue.

RM

[pidgeon2] 12/8/2009 17:53

IMO 256 max. perhaps just filling the gap in the above chart. but who knows, a hell of a lot of suckers being sucked into this rally. good luck to anyone playing this longer term

[broadwood] 12/8/2009 16:19

What a bargain this will prove to have been at 230p.

[rampmeister] 12/8/2009 13:08

Still holding - what's the new max prediction Pidgeon.

RM

[pidgeon2] 11/8/2009 18:11

IMO completely irresponsible

[pidgeon2] 11/8/2009 18:08

europe and south america are not hedged