U.k. Spac Share Discussion Threads

[susiebe] 17/5/2022 08:37

Lovely!Roll on 10th June or earlier

[problemsofpoints] 17/5/2022 08:22

It's coming home!

[wrtmf] 17/5/2022 07:56

Shareholder Update

I am pleased to inform shareholders that the Company has now made sufficient progress in respect of the process surrounding the Reverse Takeover ("RTO") by Hellenic Dynamics S.A. ("Hellenic") of UK SPAC for the respective Boards to begin planning for completion of the transaction and Admission of the shares in UK SPAC to trading on the Standard List of the Main Market under Hellenic's ticker code.

In particular, the last few weeks have seen substantial progress being made towards obtaining the FCA's final approval of the prospectus and, as soon as that approval has been granted, a copy of the prospectus will be sent to each shareholder together with the notice convening the general meeting to approve the resolutions that are required before the transaction may be completed.

I am aware from comments made by shareholders about the length of time that has passed since the intended transaction was announced at the beginning of August 2021 and concerns as whether that has reflected problems in respect of the transaction or disagreements between the Company and Hellenic. In fact, although the transaction has been complex and time consuming, the relationship between the two boards has been close and constructive throughout. Both have remained committed to achieving completion and have readily agreed to the various required time extensions.

In order to provide warrant holders (issued as part of the placing in March 2021) the opportunity to exercise their warrants with the knowledge that the transaction is likely to conclude in reasonably short order, these extensions have also included extending the expiry dates that the warrants can convert into ordinary shares in the capital of UK SPAC. In light of the progress and position the Boards of UK SPAC and of Hellenic now consider that they are in, it has been agreed that 10 June 2022 will the last date on which the right to convert the warrants may be exercised and that no further extensions of time are expected to be granted.

UK SPAC's Board commented some months ago that its criteria when choosing its RTO partner was to find one that was likely to bring value to both the pre-March 2021 shareholders of Mountfield Group Plc and to those who subsequently became shareholders in UK SPAC. We remain satisfied that our choice was the correct one.

We will continue to keep shareholders up to date with developments as we progress towards completion of the transaction.

[wrtmf] 16/5/2022 10:15

if you do simply an rns search, the 8apr letter doesn't show up, but using wider category search does display it, so this is the link to try i think, re-checking over the coming day[s]:



uk spac
previous 3 months

--
post 1086 - 'next few days'

[wrtmf] 15/5/2022 23:00

tomorrow could be interesting...

[wrtmf] 14/5/2022 18:02

uptick in uk msm coverage?

[wrtmf] 14/5/2022 09:56

best news we can have 7am mon is rto is on, prospectus published, gm convened for...

otherwise its x warrants exercised [sunday expiry] and new long stop date?

[grannyboy] 13/5/2022 18:19

youtu.be/oQma-BOKJJQ

[problemsofpoints] 13/5/2022 10:14

Just heard back from Peter. An update has been produced and will be released in the next few days.

See 1macosta9, easy.

[gozo] 12/5/2022 22:59

hTTps://www.bbc.co.uk/news/uk-england-london-61416295.amp

[wrtmf] 12/5/2022 09:50

this is from circa 4may, magoo247, lse:

The process is ongoing and is a slow slog (and not because there are any particular problems) but we are moving forward. As soon as we reach the next milestone I will arrange for the shareholders to be informed.
Kind regards,
Peter

--
what would that milestone be, fca approval of prospectus or maybe one step prior?

[muchodinero] 12/5/2022 08:54

Well I wouldn't be too sure those "shirking from home" at the FCA have even looked at anything yet.. I hope I'm wrong but this is dragging on...

[wrtmf] 11/5/2022 21:29

Chronic pain: The ‘unbearable’ condition affecting one in four

[wrtmf] 11/5/2022 10:44

we are halfway through a week, where i understand, we need an announcement 2 weeks prior to 27may long stop date. any time up to 18.30 fri 13th?

happy to be corrected.

after a period of silence, hellenic are tweeting regularly again.

just a thought...with warrant exercise expiry date of sunday 15 may, could announcement come 1st thing monday?

[problemsofpoints] 11/5/2022 09:55

1macosta you were very quick to look for help but don't seem to be keen on sharing any info?

[boxerdogz] 10/5/2022 08:41

1macosta9 May '22 - 17:24 - 1076 of 1077
0 2 0
I just had a chat with Peter Jay and I have to say we are lucky our investment is in the hands of such a true professional and a true gentleman. He clarified a few things and the fact he took the time out to do so just shows what a true professional he is.


Spill the beans fella

[terrymac78] 09/5/2022 18:38

Can u share what he clarified then what was hopefully good news thanks

[1macosta] 09/5/2022 17:24

I just had a chat with Peter Jay and I have to say we are lucky our investment is in the hands of such a true professional and a true gentleman. He clarified a few things and the fact he took the time out to do so just shows what a true professional he is.

[wrtmf] 09/5/2022 07:26

looking for an update by fri afternoon? - 'the new Long Stop Date for
completing the RTO will be 27 May 2022'

[1macosta] 05/5/2022 09:42

Hi all. Can someone please sdvise on this issue. My Barclays Stockbrokers are ready to send me my share certificate on UK SPAC, could someone here please tell me what is the procedure? I just read in one of the posts here from UK SPAC "The boards have decided that the last date for converting the Warrants that were issued as part of the placing last March into Ordinary Shares will now be 15 May 2022 and that the new Long Stop Date for completing the RTO will be 27 May 2022. Your faithfully Peter Jay Chairman UK SPAC PL" Could someone please tell what exactly that means? Do I have to transfer the share certificate that Barclays will give me into new certificate? Thank you in advance.

[wrtmf] 04/5/2022 07:32

fca ann budget about £600-650m
that is no small amount

[boxerdogz] 03/5/2022 16:14

As if the FCA were slow then this , can't help matters

[awp5000] 03/5/2022 15:12

Thanks for sharing.. what is the general sentiment of the group? Do we think this will complete