Rpc Share Discussion Threads

[bouleversee] 25/4/2019 10:15

See post 3507 et seq. Some of us may not live that long!

[nocton] 25/4/2019 10:00

Does anyone know when we are expected to be paid the offer money? I can't see a date anywhere in all the bumf I have been sent.

[psn1] 21/4/2019 20:44

Thank you blueskier, that is good news indeed. Cheers mate.

[blueskier] 21/4/2019 19:41

As happened when RPC took over BPI, what ever money you have in each sharesave plan will effectively be converted to shares at the option price. As the shares are delisted then you are paid the cash equivalent at the purchase price of £7.93.

The ex-gratia payment will be on top of this but paid through payroll so be subject to tax and NI.

You are not able to add extra contributions over and above your original commitments (unfortunately, as I would be piling everything into it).

A payment holiday would definitely be the wrong approach as while contributions are still being paid into the scheme you are still benefitting from the higher purchase price paid by Berry than both of the sharesave option prices.

[psn1] 21/4/2019 19:11

I've read the relevant bit of the document, and it's left me with a question. To me it reads that whatever you have saved so far will be returned to you, as if you had bought and sold shares at maturity of the scheme. Then on top of that, there will be a further compensatory payment equivalent to the difference between the selling price and the offer price for what a 6 month period would be worth. If that is the case then it would be worth contributing to the schene further until that is no longer permitted. Could one of you knowledgeable members offer advice on this please? My friend is wondering of it's worthwhile putting more money away, or sticking by way of a "payment holiday". Thanks in advance.

[blueskier] 18/4/2019 23:47

Thanks, @jeffian im pretty new as a poster on ADVFN.
I know other sites often block links so that was my first attempt.

Hopefully @psn1 is sorted anyway.

[psn1] 18/4/2019 22:58

Lovely, thanks mate.

[jeffian] 18/4/2019 22:37

blueskier,

If you hit the edit button on your post and change the https to hTTps it will form a link.

[blueskier] 18/4/2019 22:27

@psn1 if you follow this link. hxxps://www.rpc-group.com/disclaimer/disclaimer-offer-by-berry-for-rpc-new then accept the conditions it will allow you to view all the scheme documents.
Then download the Scheme of Arrangement.
Look on page 39 and it details how the Takeover affects the Sharesave plans.

[psn1] 18/4/2019 20:22

Cashcow, would you mind telling me which document refers specifically to the sharesave scenario please? It's not for me, I hasten to add, it's for a friend....

[redartbmud] 18/4/2019 18:51

Dealing costs.
Nobody is going to buy at a loss.
In addition, there is the cost of money, you have to wait for payday, the cash is better deployed elsewhere.
Only those who are forced seller, or those not prepared to wait will sell now.

[bouleversee] 18/4/2019 18:23

Well, I and my 4 grandchildren voted against. I can't remember offhand whether my 2 children also hold but if they do they will have voted against. Do you think those votes we register through platforms actually get passed on?

It would be interesting to have a tally on here of those who voted against.

[lancasterbomber] 18/4/2019 18:22

IF the sale is going through why is the current share price 786 not 793?

[dr_smith] 18/4/2019 18:18

I guess it was a bit like Brex.. (oops don't mention that..)
If status quo was maintained.. well there wasn't a status quo before the bid process and the forward direction, of acquisition or not, or expansion sooner or later was all a question mark and the bid process only muddied that water.
The way forward without a bid going through, the credibility and direction the BOD would take is /was as clear as mud, so not much to vote for, only something to vote against, so apathy wins.
It's a sad day for the company and for UK PLC.

[redartbmud] 18/4/2019 17:47

Only 128 voted against.
Amazing!!

[phillis] 18/4/2019 17:06

seems like the majority of holders couldnt be bothered to vote

[dr_smith] 18/4/2019 16:52

Just rec'd the rns via email.. quite surprised.

[jeffian] 18/4/2019 16:35

There you go. The instis sold us down the river......

[cashcow5] 18/4/2019 11:01

Yes if you go to the berry website there is a section for the RPC takeover and all the documents are shown. One of these contains this info.

I can point you in the right direction if you need.

[quick fit] 18/4/2019 10:46

cashcow5, is it documented about the share save when/if Berry take over, if so could you point me in the direction thanks

[phillis] 18/4/2019 10:30

I'm out as of yesterday
Back in if Berry fails

[jeffian] 18/4/2019 09:30

Hmmm. I wonder if that share price action is telling us something?

[cashcow5] 18/4/2019 08:40

My understanding is that employee SAYE sharesave plans will be exercisable for 6 months from the court sanction date, using savings in the plan at the point of exercise. I.e. they will come to a premature end as a result of the takeover.

Berry will also make a one-off ex-gratia payment (when exercised) equal to a further six months of sharesave earnings (I.e offer price - option price) but this is taxable as earnings.

[quick fit] 18/4/2019 08:11

Psn1
That was my understanding when Apollo were on the case

[psn1] 18/4/2019 06:54

Quickfit, could I ask you to confirm your comment please? Am I correct in thinking that if employees contribute a further 6 months of sharesave payments, there is potential for Berry (possibly) to reimburse to the full value of the three year period? Or am I completely misunderstanding you? Thanks.