Tp Share Discussion Threads

[bullster] 31/5/2016 08:46

chorister,

Thanks for the explanation.

So to recap, if the preemption rights are disapplied via resolution #7, the company can offer shares to a third party before offering them to present shareholders.

Hmmmmmmmmmmm.

[septblues] 28/5/2016 13:33

it was brought in by New Labour in their revision of the Companies Act to make it easier for companies to raise capital. NL didnt like capitalists and shareholders.

[chorister] 28/5/2016 12:13

>>>> Bullster

No, preemption rights are nothing to do with options.

Pre-emption rights are the right for existing shareholders to have first refusal in providing new share capital ie if you own 1% of a company seeking to raise £100, then, if you have preemption rights, you are entitled to subscribe up to £1 for new shares (there may also be provisions for over subscripton etc, but that is something else).

The existence of preemption rights would prevent a company carrying out a placing to raise capital from third parties because the shares would have to be offered first to existing shareholders, so companies usually seek their shareholders' authority to waive them. It doesn't mean they are planning a placing, but that they have the flexibility to so if necessary eg if they were making an acquisition.

[bullster] 28/5/2016 10:44

Am i correct in thinking that pre-emption rights are the options ?



timojelly 18 May'16 - 14:54 - 841 of 855 3 0

Let's not forget Director options need a shareprice above 15p for 20 consecutive days.

[bullster] 27/5/2016 12:24

Got my voting form for the AGM.

7 Resolutions.

#6- To authorize the directors to allot shares

#7- (special resolution) To disapply pre-emption rights

[secretsqu] 27/5/2016 11:00

That'll be a no, then.

[bullster] 26/5/2016 15:49

Daily volume has picked up, let's hope it's sustained.

[paulgo] 26/5/2016 13:48

Price pressure is undoubtedly in an upward direction.

[timojelly] 26/5/2016 13:19

Lift off, second time around

[paul the octopus] 25/5/2016 22:56

seems the whole world hanging on 23/6 then

[tday] 24/5/2016 17:41

A straight or curved banana,depending on whether or not you support Remainers or Leavers?

[paul the octopus] 24/5/2016 16:12

and that low exp 1-2p is based on some banana valuation?

[ricardo125] 24/5/2016 13:20

Dissapointing trading range. Low expectations 1-2p. High expectations 7-8p.

[paul the octopus] 24/5/2016 11:31

one of the dumpest mm's came across, not playing nice

[iasike] 20/5/2016 14:16

encouraging

[qackers] 18/5/2016 16:06

Simon Kings buys more at 4.15p.

He knows what is going on.

[timojelly] 18/5/2016 14:54

Let's not forget Director options need a shareprice above 15p for 20 consecutive days.

[paulgo] 18/5/2016 12:49

Chart looks seriously healthy now.....breakout soon.

[timojelly] 18/5/2016 12:47

4p buyers on the way

[timojelly] 18/5/2016 12:26

Roll up, roll up!

[bullster] 17/5/2016 15:54

Keep eyes peeled, maiden sales revenue via Spirax.

[timojelly] 17/5/2016 15:45

I the we need a new contract for double figures.

[bullster] 17/5/2016 15:10

RNS

Well done Stroudy, a good starter for 10.