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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Ridge Mining | LSE:RDG | London | Ordinary Share | GB0004871082 | ORD $0.05 |
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- | O | 0 | 87.25 | GBX |
Ridge Mining (RDG) Share Charts1 Year Ridge Mining Chart |
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1 Month Ridge Mining Chart |
Intraday Ridge Mining Chart |
Date | Time | Title | Posts |
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18/8/2014 | 14:40 | Here we are | 3 |
03/3/2014 | 10:05 | Test 2 | 3 |
15/10/2013 | 18:06 | Test | - |
29/6/2013 | 20:57 | Testing testing, 1, 2, 3 | 13 |
02/11/2012 | 07:17 | RIDGE MINING Plc (RDG): Chart and discussion thread | 15,001 |
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Posted at 27/7/2012 18:13 by buywell2 Aquarius .... not done too good has it ?DavidHP 28 Jul'09 - 01:49 - 14974 of 14999 Why? Because we're now living through the greatest financial catastrophe in financial history... more money is going up in smoke, a bigger percentage of the world's wealth is subliming at this time than ever before. IMHobservation 1929 was smaller & less catastrophic (and yes I HAVE read Galbraith AND Kindleberger FYI!) than this and as equities were then, so they are now; ie. CHEAP! And then, as now, few could take advantage of that obvious bonanza of cheap stocks since most investors had had 22 shades of shab knocked out of them... I want as many AQP as I can get my pauperish mitts on for as little additional outlay as is humanly possible. If a few pennies now makes me a couple of quid 2yrs later... I'm filled with joy! As for the rest... In my experience, given the general level of hollowheadedness apparent in so-called official and financial services, perhaps the only sector of UK industry where those with the IQs of garden furniture can truly excel, it's the "strangers on a BB" who; a) seem to know more about whats going on than those paid to know... (must be the DYOR ethos + the 22 shades!) b) have little to gain/lose from the advice and so it tends to be more honest. Other than pouring for hours over largely unintelligible reams of corporate gibberish which was written to be unintelligible, I find asking "strangers on a BB" *IS* DoingYOR... where the Y is *your*, as in that which you have discovered and, from the kindness of your claret-hardened heart, wish to share with mere me! How do you DYOR? Remote viewing, perhaps? As a shareholder of RDG, I only waste one share (or so it appears)... since my holding is amost exactly divisible by the conversion ratio. The so called 'arbitrage' was a temporary affair and has now largely evaporated. np I will become, as we all will, Aquarius shareholders and so all is good in the world... Rejoice and sing for the British summer is upon us. My wellies are drying by the door as I write... DYOLaundry Been a bummer if you kept the shares |
Posted at 04/12/2010 18:52 by drbeng Let's get RDG up and running again. Come on guys, don't lose heart, I think they can get over whatever difficulties it is they're suffering :) |
Posted at 01/12/2010 22:12 by drbeng How's RDG doing. Thinking of buying some |
Posted at 11/6/2009 07:57 by rocketron57 Posting of Scheme Document (Ridge Mining)TIDMRDG RNS Number : 7153T Ridge Mining PLC 11 June 2009 ? NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Ridge Mining plc ("Ridge", or "the Company") Posting of Scheme Circular and Cancellation of Admission 11 June 2009 The Independent Directors of Ridge refer shareholders to the joint announcement made by the Company and Aquarius Platinum Limited ("Aquarius") on 26 May 2009 about the recommended proposal ("Proposal") for the acquisition of Ridge by Aquarius to be implemented by means of a scheme of arrangement pursuant to Part 26 of the Companies Act 2006 between Ridge and its Shareholders (the "Scheme"). The Independent Directors of Ridge now announce that, on 9 June 2009 the High Court of Justice of England and Wales made an order in connection with the Scheme, that Ridge may convene a Court Meeting of Ridge Shareholders for 11.00 a.m. on 6 July 2009 for the purpose of considering, and if thought fit, approving the Scheme. A general meeting ("GM") of Ridge has been convened for 11.15 a.m. on the same day (or as soon thereafter as the Court Meeting has concluded or been adjourned). Any capitalised term used but not defined in this announcement is as defined in the Scheme Document (as defined below). Posting of Scheme Document The Scheme circular containing, inter alia, the terms of the Scheme, an Explanatory Statement (pursuant to Section 897 of the Companies Act 2006), notices of the required meetings, a timetable of principal events, and details of the action to be taken by Ridge Shareholders (the "Scheme Document") is today being posted to all Ridge Shareholders and, for information, holders of Options and Warrants. Court Meeting and GM As described in the Scheme Document, the Scheme will require the approval of the Scheme Shareholders at the Court Meeting, and the passing of a special resolution at the GM. The Scheme and associated Reduction of Capital will also require the subsequent sanction and (as the case may be) confirmation of the Court. Both meetings will be held at the offices of Field Fisher Waterhouse LLP, 35 Vine Street, London EC3N 2AA. Copies of (amongst other documents) the Scheme Document are available (during normal business hours) for inspection at the offices of Field Fisher Waterhouse LLP, 35 Vine Street, London EC3N 2AA until the end of the Offer Period. In addition a copy of the Scheme Document will be available on the Company's website at Cancellation of Admission The Company wishes to notify that application will also be made to the London Stock Exchange for the cancellation of admission to trading on AIM of the Ridge Shares conditional upon the Scheme being sanctioned by the Court and becoming effective on the Effective Date. The notice period of not less than 20 business days prior to cancellation referred to in Rule 41 of the AIM Rules has commenced today. It is anticipated that cancellation of admission to trading will take effect at 8.00 am on 30 July 2009. Expected Timetable of Principal Events +------------------- | Latest time for lodging Forms of | 11.00 a.m. on 4 July 2009* | | Proxy for Court Meeting (blue | | | form): | | | | | +------------------- | Latest time for lodging Forms of | 11.15 a.m. on 4 July 2009 | | Proxy for GM (white form): | | | | | +------------------- | Voting Record Time: | 6.00 p.m. on 4 July 2009 | | | | +------------------- | Court Meeting: | 11.00 a.m. on 6 July 2009 | | | | +------------------- | GM: | 11.15 a.m. on 6 July 2009 | +------------------- * A blue Form of Proxy for the Court Meeting not lodged by this time may be handed to the Chairman at the Court Meeting. The following times and dates are indicative only and will depend, amongst other things, on the dates upon which the Court sanctions the Scheme and confirms the Reduction of Capital and whether the Conditions are either satisfied or, if capable of waiver, waived. +------------------- | Scheme Court Hearing to sanction | 27 July 2009 | | the Scheme | | | | | +------------------- | Last day of dealings in, and for | 28 July 2009 | | registration of transfers of, and | | | disablement in CREST of, Ordinary | | | Shares | | | | | +------------------- | Suspension of trading and dealings | 4.30 p.m. on 28 July 2009 | | in Ordinary Shares | | | | | +------------------- | Reduction Record Time | 6.00 p.m. on 28 July 2009 | | | | +------------------- | Reduction Court Hearing to confirm | 29 July 2009 | | the cancellation of the Scheme | | | Shares | | | | | +------------------- | Scheme Record Time | 6.00 p.m. on 29 July 2009 | | | | +------------------- | Effective Date of Scheme | 30 July 2009 | | | | +------------------- | Cancellation of admission of | 8.00 a.m. on 30 July 2009 | | Ordinary Shares to trading on AIM | | | | | +------------------- | Dealings in New Aquarius Shares | 8.00 a.m. on 30 July 2009 | | commence on the London Stock | | | Exchange | | | | | +------------------- | Expected credit of New Aquarius DIs | 8.00 a.m. on 30 July 2009 | | in CREST to previously | | | Uncertificated Shareholders | | | | | +------------------- | Latest date for dispatch of | 13 August 2009 | | certificates in respect of New | | | Aquarius Shares to previously | | | Certificated Shareholders | | | | | +------------------- For further information contact: +------------------- | Ridge Mining plc | Francis Johnstone | +44 (0)20 7379 1474 | | | Donald McAllister | | | | | | +------------------- | RBC Capital Markets | Martin Eales | +44 (0)20 7029 7881 | | | Patrick Meier | | +------------------- | | | | +------------------- | | | | +------------------- This announcement is not intended to, and does not constitute or form part of any offer to sell or an invitation to purchase or subscribe for any securities pursuant to the Proposal or otherwise or the solicitation of any vote or approval in any jurisdiction. Ridge Shareholders are advised to read carefully the formal documentation in relation to the Proposal once it has been dispatched. The availability of the Proposal to persons not resident in the UK may be affected by the laws of the relevant jurisdiction. Any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements. New Aquarius Shares in the hands of certain persons in jurisdictions outside the United Kingdom are subject to certain restrictions as set out in the Scheme Document. Copies of this announcement are not being, and must not be, directly or indirectly mailed or otherwise forwarded, distributed or sent in or into any jurisdiction where to do so would violate the laws of that jurisdiction and persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or otherwise send it in, or into or from any such jurisdiction. Further details in relation to overseas shareholders will be contained in the Scheme Document. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States. It is expected that the New Aquarius Shares will be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by Section 3(a)(10) thereof. This transaction has not been approved or disapproved by the US Securities and Exchange Commission (the "Commission"), nor has the Commission or any US state securities commission passed upon the merits or fairness of the transaction nor upon the adequacy or accuracy of the information contained in this document. Any representation to the contrary is a criminal offence in the United States. The announcement has been prepared in accordance with English law and the Code and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England. This announcement has been prepared in accordance with English Law, the Takeover Code and the AIM Rules and information disclosed may not be the same as that which would have been prepared in accordance with jurisdictions outside England. The Proposal will be subject to the applicable rules and regulations of the Financial Services Authority, the London Stock Exchange and the Takeover Code. RBC Capital Markets, which is a trading name of Royal Bank of Canada Europe Limited which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Ridge and no one else in connection with the Proposal and will not be responsible to anyone other than Ridge for providing the protections afforded to clients of RBC Capital Markets or for providing advice in relation to the Proposal or any other matters referred to in this announcement. Dealing disclosure requirements Under the provisions of Rule 8.3 of the UK Takeover Code, if any person is, or becomes, "interested" (directly or indirectly) in 1 per cent. or more of any class of "relevant securities" of Aquarius or of Ridge, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (GMT) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Aquarius or Ridge, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the UK Takeover Code, all "dealings" in "relevant securities" of Aquarius or of Ridge by Aquarius or Ridge, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (GMT) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the UK Takeover Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 11/5/2009 09:19 by laserdisc very good volsung i have a feeling value may come out of this lot after all. Aqp have got a good deal. rdg shareholders never saw in the share price what potential the resources here had. I am hoping the market will value aqp in a totally different light when the merger is complete ,ie i am, hoping value will come out in the share price of aqp for shebas |
Posted at 09/4/2009 09:14 by arja nice but does not affect RDG share price until merger confirmed unfortunately . But I am tempted to buy more at 70 if it was not easter coming up ! |
Posted at 26/3/2009 16:00 by laserdisc Aquarius Platinum Limited announces result of Placing and terms of Rights IssueFurther to the announcement earlier today, Aquarius Platinum Limited ("Aquarius " or the "Company") is pleased to announce the successful completion of the placing announced earlier today (the "Placing"), subject, amongst other things, to admission to secondary listing of the Placing Shares on the Official List of the UKLA (expected to occur on 31 March 2009). A total of 46,330,000 new common shares of 5 US cents each in the Company (the "Placing Shares") have been placed by Merrill Lynch International and Euroz Securities Limited at a price of 180 pence, or AUD3.75 per Placing Share (the " Placing Price"), raising gross proceeds of approximately £83.4 million. The Placing Shares being issued represent approximately 14.2 per cent. of Aquarius' issued ordinary share capital prior to the Placing. Such new shares will rank pari passu with the existing common shares of 5 US cents each in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the Placing Shares and will also be entitled to participate in the Rights Issue (referred to below). Application will be made to ASX for quotation of the Placing Shares on ASX. It is expected that dealings on ASX in the Placing Shares will commence at 10.00 a.m. (AWST) on 2 April 2009. Application will be made to the UK Listing Authority and to the London Stock Exchange for the Placing Shares to be admitted to a secondary listing on the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange, respectively. It is expected that admission of the Placing Shares will become effective and that dealings on the London Stock Exchange in the Placing Shares will commence at 8.00 a.m. (London time) on 31 March 2009. Rights Issue Further to the announcement earlier today, Aquarius is pleased to announce a fully underwritten 1 for 9 Rights Issue to raise gross proceeds of approximately £47.7 million, through the issue of 41,491,737 new common shares (the "Rights Issue Shares"), representing 10.0 per cent. of the enlarged issued ordinary share capital of Aquarius, at a price of 115 pence per new common share (the "Rights Issue"). The Rights Issue Shares will, when issued and fully paid, rank pari passu with the existing common shares of 5 US cents each in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the Rights Issue Shares. Under the Rights Issue, the Company proposes to offer Rights Issue Shares at AUD2.39 per Existing Share to all Qualifying Australian Shareholders (other than, subject to certain exceptions, Restricted Shareholders), 115 pence per Existing Share to all Qualifying UK Shareholders (other than, subject to certain exceptions, Restricted Shareholders) and ZAR15.83 per Existing Share to all Qualifying South African Shareholders (other than, subject to certain exceptions, Restricted Shareholders), (the "Issue Price") on the basis of 1 Rights Issue Share for every 9 existing shares that each Qualifying Shareholder holds at the close of business on the Applicable Record Date. The Issue Price for Qualifying Australian Shareholders of AUD2.39 per Rights Issue Share represents a 36.1 per cent. discount to the Placing Price of AUD3.75 per share on 26 March 2009 and a 33.7 per cent. discount to the theoretical ex-rights price based on the Placing Price. The Issue Price for Qualifying UK Shareholders of 115 pence per Rights Issue Share represents a 36.1 per cent. discount to the Placing Price of 180 pence per share on 26 March 2009 and a 33.7 per cent. discount to the theoretical ex-rights price based on the Placing Price. The Issue Price for Qualifying South African Shareholders of ZAR15.83 per Rights Issue Share represents a 36.1 per cent. discount to the equivalent Placing Price of ZAR24.77 per share on 26 March 2009 and a 33.7 per cent. discount to the theoretical ex-rights price based on the Placing Price. The Rights Issue is fully underwritten by Merrill Lynch International, Global Coordinator and Bookrunner and Euroz Securities Limited, Co-Lead Manager and is subject to the satisfaction or waiver of certain customary conditions, including the admission of the Rights Issue Shares (nil paid) to secondary listing on the Official List of the UKLA and to trading on the main market for listed securities of the London Stock Exchange ("UK Admission"). A prospectus, prepared in accordance with the Prospectus Rules of the UK Listing Authority, concerning the Rights Issue will be sent to shareholders. Further details of the Rights Issue are set out in the Prospectus, which will also be made available on Aquarius' website www.aquariusplatinum course. Further Information on the Rights Issue Application will be made to ASX for quotation of the Rights Issue Shares. It is expected that trading in the rights on ASX will commence at 10.00 a.m. (AWST) on 3 April 2009. Application will be made to the UK Listing Authority and to the London Stock Exchange for UK Admission of the Rights Issue Shares. It is expected that UK Admission will become effective and that dealings on the London Stock Exchange in the Rights Issue Shares (nil paid) will commence at 8.00 a.m. (London time) on 3 April 2009. Application will be made to the JSE for the Rights Issue Shares to be admitted to listing and trading on the Main Board of the JSE. It is expected that trading in rights will commence at 9.00 a.m. (CAT) on 3 April 2009. |
Posted at 26/3/2009 07:54 by wcj Sorry it's a bit long (and there are many more pages of technical details):POSSIBLE RECOMMENDED ALL SHARE OFFER for RIDGE MINING TIDMAQP AQUARIUS PLATINUM LIMITED ASX, LSE & JSE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 26 March 2009 POSSIBLE RECOMMENDED ALL SHARE OFFER for Ridge Mining plc ("Ridge") by Aquarius Platinum Limited ("Aquarius") Highlights * Possible recommended all share offer by Aquarius for Ridge at an exchange ratio of 1 Aquarius share for every 2.75 Ridge shares, subject to possible adjustment to reflect potential dilution arising from the Aquarius Equity Capital Raising. * At an exchange ratio of 1 Aquarius Share for every 2.75 Ridge Shares, values Ridge's issued share capital at approximately GBP63 million (based on 184.0 pence per Aquarius Share, being the closing price on the London Stock Exchange on 25 March 2009, the last practicable date prior to this announcement). * Compelling strategic and commercial rationale for a combination of Aquarius and Ridge. * Aquarius has received irrevocable undertakings to vote in favour of the Acquisition and the Scheme in respect of, in aggregate, 32.7 per cent. of Ridge's issued ordinary share capital from the Ridge Directors,, and Blackrock Investment Management (UK) Ltd.. * Anticipated that an offer will be made following successful closing of the Aquarius Equity Capital Raising announced today. Commenting on the proposed transaction, Stuart Murray, CEO of Aquarius, said: "Since announcing the Ridge transaction in February 2009, our transaction team has undertaken confirmatory due diligence to reaffirm the attractive prospects for Ridge. We remain confident that the proposed transaction represents a desirable outcome for both companies and an important step in the development of Aquarius and indeed consolidation of the industry. Ridge will further diversify our portfolio, increase our resource base, add new production ounces and longevity to our production profile, while adding optionality with the Sheba's Ridge project . As we have grown closer to Ridge, more than ever we can see that it makes sense to combine our 10 years' experience of operating shallow, mechanised underground mines with that of Ridge's management from the construction of the Blue Ridge Mine, to provide a stronger future for all under Aquarius." Terence Wilkinson, CEO of Ridge, added: "The proposed combination offers Ridge Shareholders the opportunity to retain the upside potential contained within our projects whilst reducing the risk inherent in a single early stage operation in a difficult economic environment." This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the Code and shareholders are advised that, even if the Pre-Conditions are satisfied or waived, there can be no certainty under the Code that any offer to acquire Ridge Shares will be made. However, pursuant to the Implementation Agreement the parties expect to sign, Aquarius and Ridge expect to agree between themselves, subject to certain terms and conditions typical for such a transaction, to proceed with the Acquisition if the Pre-Conditions are satisfied or waived. For clarity, Aquarius reserves the right to waive the Pre-Conditions at any time. In addition, Aquarius reserves the right, if the Pre-Conditions are not satisfied or waived, not to make an offer for Ridge. Summary The Boards of Aquarius and Ridge are pleased to announce their agreement on the terms of a possible recommended all share offer by Aquarius for the entire issued and to be issued share capital of Ridge at an exchange ratio of 1 Aquarius share for every 2.75 Ridge Shares, subject to possible adjustment to reflect potential dilution arising from the Aquarius Equity Capital Raising. Aquarius has today announced that it will pursue an Equity Capital Raising and a Convertible Bond Issue to meet its own funding requirements including those for the integration of Ridge. It is envisaged that US$233 million to US$249 million will be raised, and that the Equity Capital Raising and Convertible Bond Issue will complete in May 2009. To the extent that the theoretical ex-rights and placing price of the Aquarius Shares, calculated on a basis agreed between the parties to take into account the final terms of the Equity Capital Raising, is more than 8 per cent. below the 5 day VWAP measured on the LSE at the close of business on 25 March 2009, the parties will agree an adjustment to the exchange ratio of three-quarters of the percentage change, and the final ratio is anticipated to be published on Friday 27 March 2009. Strategic and commercial rationale Aquarius believes that there is compelling strategic and commercial rationale for a combination with Ridge: * diversification of the Aquarius portfolio and corresponding decrease in single project risk for Ridge; * significant expansion of reserve and resource base; * short-term increase in attributable production with the commissioning of the Blue Ridge Mine; * enhanced Aquarius mine-life profile through the Blue Ridge Mine; * the Blue Ridge Mine is a well executed small project and would be a complementary fit with the Aquarius portfolio; * opportunities to reduce overhead costs with combined administrative and technical functions; * added optionality through the Sheba's Ridge project; * combined leverage of mining and processing skills; * strengthened position amongst peers operating on the Bushveld; and * some small synergies between combined operations, noticeably through sharing of skills and procurement. Transaction pricing, Pre-Conditions and Scheme of Arrangement At an exchange ratio of 1 Aquarius Share for every 2.75 Ridge Shares the implied price of 66.9 pence per Ridge Share (based on 184.0 pence per Aquarius Share, being the closing price on the London Stock Exchange on 25 March 2009, the last practicable date prior to this announcement) represents a premium of approximately 112.4 per cent. to the closing mid-market price of 31.5 pence per Ridge Share on 11 February 2009, being the last business day before the announcement by Ridge that it was in discussions with Aquarius regarding a possible offer for the Company; and a premium of approximately 67.7 per cent. to the average closing mid-market price of 39.9 pence per Ridge Share for the six months to and including 11 February 2009, being the last business day before the announcement by Ridge that it was in discussions with Aquarius regarding a possible offer for the Company. The Acquisition is expected to be subject to the satisfaction or waiver on or before 15 May 2009 of the Pre-Conditions set out in full in Appendix I. Aquarius and Ridge expect to enter into an Implementation Agreement prior to 7.00am GMT on 27 March 2009, pursuant to which Aquarius would agree to announce a firm intention to make the Acquisition (subject to typical terms and conditions for such a transaction), pursuant to Rule 2.5 of the Code, if the Pre-Conditions are satisfied or waived by 15 May 2009. Subject to the satisfaction or waiver of the Pre-Conditions, it is anticipated that the Acquisition would be implemented by way of a Scheme of Arrangement under Part 26 of the 2006 Act. The Scheme would be put to Ridge Shareholders at the Court Meeting and at the General Meeting, which will be convened in due course. The Scheme Document would be posted to Ridge Shareholders within 21 days of satisfaction or waiver of the Pre-Conditions. The Independent Ridge Directors, who have been so advised by RBC Capital Markets, consider the terms of the Acquisition to be fair and reasonable, so far as Ridge Shareholders are concerned. In providing their advice, RBC Capital Markets has taken into account the commercial assessments of the Independent Ridge Directors. Accordingly, the Independent Ridge Directors have unanimously agreed to recommend that Ridge Shareholders vote in favour of the Scheme at the Court Meeting and General Meeting to be convened in relation to the Acquisition. This summary should be read in conjunction with, and is subject to, the full text of this announcement and the Appendices hereto. Appendix I sets out the Pre-Conditions to which the Acquisition is expected to be subject. Appendix II contains further details of the bases and sources of certain of the information contained in this announcement. Appendix III contains the definitions of certain terms used in this summary and in this announcement. Lazard and Rand Merchant Bank are acting as joint financial advisers to Aquarius. Merrill Lynch is providing corporate broking advice to Aquarius in the UK and Euroz Securities are acting as corporate broker to Aquarius in Australia. RBC Capital Markets is acting as sole financial adviser and corporate broker to Ridge. |
Posted at 05/3/2009 11:23 by the metal man doshdabbler, time will tell. In the meantime I would be cautious about the RDG share price. In the absence of any positive newsflow I can see AQP slipping back to around the 140p mark. If it does, then back to the 120's. At the moment only a decent move up in the Pt price can alter that, unless we have some positive statements. The market is deflated and looking for direction, and at present that seems to be down. There is a huge disappointment over the Chinese stimulus package. No extra money, rather a statement suggesting the current package should do the trick. I still hold RDG and have done so for the long term, although I have sold the majority my stock. I am now seriously questioning the merits of holding any. |
Posted at 26/2/2009 10:14 by the metal man The price dislocation we have seen has meant that the RDG has no longer been lagging 10p behind the offer value. Whilst AQP has fluctuated RDG has drifted but, this morning the RDG price is responding to the AQP upside, although it is now some 16p behind the offer value. With Pt hovering around $1060 the AQP price is surprisingly robust when you consider the state of limbo whilst they await the refinancing package, IMO. |
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