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STHP

Stranger Holdings Plc

1.375
0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Stranger Holdings Plc LSE:STHP London Ordinary Share GB00BYWLRL80 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.375 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 0.00 -0.60 -0.40 - 2.00
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.375 GBX

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Date Time Title Posts
05/4/202316:32The latest JamesLongley......94

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Posted at 26/7/2022 15:24 by cossie
26/07/2022 7:00am
UK Regulatory (RNS & others)

Stranger (LSE:STHP)
Intraday Stock Chart

Tuesday 26 July 2022

RNS Number : 6632T

Stranger Holdings PLC

26 July 2022

26 July 2022

STRANGER HOLDINGS PLC

("Stranger" or the "Company")

Corporate Update

Stranger Holdings plc is pleased to provide an update on corporate activities including progress made towards completing the reverse-take-over ('RTO') of the Company by Mayflower Energy Metals Ltd ('MEML') and its acquisition of the Henkries Uranium Project ('Henkries' or 'the Project') in South Africa.

On 31 October 2017, the Company entered into a GBP20,000,000 loan facility 2017-F2 GPP Notes ISIN GB00BFF0MWT35 7.75% (due 2022) (the 'loan') with Dover Harcourt Plc ('Dover') and drew down on this facility to support ongoing transactions detailed in its annual reports. As at July 2022, the outstanding balance of the loan is circa GBP2,000,000. Following an extraordinary meeting held on 22 July 2022 to address the foregoing outstanding current debt position, the Dover noteholders have agreed to convert their entire outstanding debt, interest and fees owed to them into an equity stake in the Company at 15p in GBP following its re-admission to the London Stock Exchange and contemporaneous RTO of the Company by MEML.

The MEML transaction is now well advanced and the majority of the key reports required for the Prospectus have been completed (legal, technical, and financial etc.). Furthermore, MEML and the other shareholders of Henkries have finalised the exploration and development programmes to be implemented over the next 12-24 months to advance the Project to production.

Accordingly, it is anticipated that the Prospectus will be submitted to the FCA for initial review shortly and that the RTO and associated equity raising to recapitalise the Company will be completed around October 2022 ahead of the resumption of trading on the London Stock Exchange's Main Market for listed securities.

The Company is encouraged by the progress made to date and notes the buoyancy in the uranium market at this time and the pro nuclear sentiment prevalent in the global economy that is fuelling the de-carbonisation of energy supply. Market experts are in consensus that uranium is in the initial stages of its next supercycle, on the back of which they are forecasting a significant and prolonged uranium price increase for the coming years.

* * ENDS * *

Posted at 14/8/2018 16:28 by bigboots
Hearing in September

They don't want to do and announce the deal when most people are away

Will be a placing but higher than suspension price

Posted at 29/8/2017 17:20 by cossie
Looks like a very interesting cash generative acquisition

29 August 2017

Stranger Holdings plc ('Stranger' or the 'Company')

Possible Acquisition

and

Suspension of Listing

Stranger Holdings plc, the London listed investment company, is pleased to announce that it has signed a non-binding Heads of Terms to acquire the entire issued share capital of Alchemy Utilities Limited ('Alchemy'), a multi-divisional, Irish based sustainable utility company, for new shares in the Company (the 'Acquisition'). The Acquisition, if completed, would result in Stranger shareholders having a minority interest in the enlarged group (the 'Group').

Alchemy is a specialist in the complex field of waste to synthetic gas production, renewable energy, and using waste energy to provide drinking water through the removal of salt and other contamination. It positions itself as the world leader in the delivery of renewable, low/zero carbon community based schemes designed to deliver true 'circular economy', a model that looks beyond the current "take, make and dispose" extractive industrial model. It is a regenerative system in which resource input and waste, emissions, and energy leakage are minimised by slowing, closing and narrowing material and energy loops. This can be achieved by long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing and recycling. Further information is available at www.alchemyutilities.ie.

In its pursuit of a circular economy, Alchemy aims to innovate, deliver and operate full service projects, creating community based and private renewable projects utilising its own decentralised sustainable utility technologies. Alchemy has established a collaboration agreement with Harper Adam's University. As a strategic development partners, HAU and their research partners including UCD, will provide additional resources and independent technical validation to the fully commercialised processes. (HAU are ranked as the UK's no1 agricultural and food technology University, and No1 in terms of their research and development facilities with industrial partners.)

Benefitting from an experienced management team, Alchemy has not only already successfully secured the ownership of strategic IP and patents but is in advanced stages of appointing a worldwide distribution network extending through Europe into Asia to enable the delivery of its innovative products. "To produce organic fertilizer, clean water, CO2, bio methane heat and power through integrated product offerings from agricultural and food derived waste is a compelling solution for every country, and Ireland should benefit significantly from the export of these technologies. To aid delivery of this objective, Alchemy is in discussions with potential partners in Asia, and throughout Europe to enable supply to local economies with locally based operations." said CEO Richard Griffin.

Stranger Chairman, James Longley, said, "Alchemy fits with our investment criteria of being in the renewable power generation arena, is cash generative and would benefit from a listing on the London Stock Exchange. We are now conducting extensive due diligence, which we hope will lead to a fast and seamless acquisition that would be mutually beneficial for both parties."

The Acquisition is subject, inter alia, to the completion of due diligence, documentation and compliance with all regulatory requirements, including the Listing and Prospectus Rules and, as required, the Takeover Code.

The Acquisition, if it proceeds, will constitute a Reverse Takeover under the Listing Rules since, inter alia, in substance it will result in a fundamental change in the business of the issuer.

As the Acquisition will constitute a Reverse Takeover under the Listing Rules, the listing in the Company's ordinary shares have been suspended at the request of the Company pending the publication of a prospectus and the application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange.

The Company is working on the preparation of a prospectus in relation to the Acquisition and will, in due course, be making application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange.

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