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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
U.k. Spac Plc | LSE:SPC | London | Ordinary Share | GB00B3CQW227 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.205 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/11/2022 07:16 | Tue, 1st Nov 2022 07:00 RNS Number : 8237E U.K. SPAC PLC 01 November 2022 1 November 2022 U.K. SPAC PLC ("The Company") Letter to Shareholders of the Company I am delighted to be able to tell you that as the final version of the prospectus has now been submitted for sign off by the FCA our focus has moved to finalising the work (which is already well advanced) required for the completion of the UK SPAC/Hellenic RTO and the admission of the shares to trading on the Main Market of the London Stock Exchange. Even though the transaction may have been a lengthy and complex one (because Hellenic will be the first cultivator of medicinal cannabis to obtain a listing on the Main Market) the directors of the two companies have throughout retained their confidence in the project and the benefits that it can bring to the shareholders of both companies. They are extremely grateful for the work over the last eighteen months by the excellent team of advisers and brokers. You will shortly receive a copy of the prospectus together with the notice of the general meeting to approve the resolutions necessary to enable the Company to complete the RTO process and confirmation of the completion date. Peter Jay Chairman UK SPAC PLC 07500 558235 Peterhouse Capital Limited Lucy Williams / Duncan Vasey 020 7469 0930 | curnic1 | |
31/10/2022 10:59 | The poster Magoo is posting this on LSE TomorrowToday 09:52 No delays, just developments. It is scheduled for release tomorrow and I think you will be happy with the contents. Kind regards, Peter | boxerdogz | |
27/10/2022 18:15 | hxxps://newseu.cgtn. | masergt | |
27/10/2022 17:45 | 1292 approaching the last few days of the '7-10 days' timeline from the 17th fingers x'd for mon/tues | wrtmf | |
26/10/2022 18:33 | Sadly even the numbers RNSed over a year ago were speculative at the time and even more so now. The question is how much will the Greeks actually be prepared to pay for £2m in the bank (money in the bank is worth more than money you have to raise in the market). The next question is what would be the market's view (either on listing or when asked to contribute to a placing) on a company that has paid £8m more than it should have and therefore is instantly overvalued by £8m? Would warrant holders exercise at 0.3p if the listing price was going to be less? If not, more would be needed in the placing - as time goes on and more money drips away the problem just gets worse and worse and the deal make less and less sense for the Greeks, who have other options - if UKLA is happy to list via RTO of SPC then it should be happy to give a main market listing to a Greek pot company via IPO too. Current market conditions are key too. When the deal was first proposed (proposal and expectation are key words in RNSs) we were bouncing back from Covid, vaccines were going into arms and there was a real sense of optimism. Now we have soaring energy prices, soaring inflation, debt far more expensive and lots of it, a weaker currency, a war and a government that is destroying the country along with itself. Crazy things can happen in a bull market that would never happen in a bear market. Time will tell and for all trapped here, I genuinely hope it does not work out too badly for you, however you may need to adjust your expectations of what a satisfactory outcome would look like. | sweet karolina2 | |
25/10/2022 19:13 | hxxps to https as usual. Grrrr!! | masergt | |
25/10/2022 17:17 | Net current assets to 31 Mar 22 were about £2.3m and to 30 Sep 21 were 2.6m. The claim that there is nearly £2m left indicates £300k has gone in 6 months, so about £50k a month is trickling out. This is not just employee (BoD) salaries but also all the advisors and other leaches. There are probably more leaches still to feed before relisting finally occurs. The RTO and placing price will be based on how much cash is left, so maybe existing equity will be valued at £2m (it is hard to see why it would be more than that, but could be less depending how much more trickles away) ie with 1.8 Bn shares currently in issue a price of about 0.11p? Placing was done at 0.1975p and the peak price being paid in the market before suspension was around 0.3p. Hmm does not seem like it has been a great investment for anyone. | sweet karolina2 | |
21/10/2022 19:36 | Thanks for sharing, Bill. Problem here again is PJ's wording. "The Update is on my desk waiting for other parties to approve it." It's on PJ's desk but it's going to take 7 - 10 days for our Nomad and Helenic to read and approve it? What's he written? War and Peace - the sequel? Seems way too tardy to me . "I can assure you that those behind the transaction share the frustration of shareholders at the delays - the update will explain the reason for them." If the FCA approval process had been completed with elevation to the main market achieved then why not simply announce it. He could add that the circular would be following 'shortly' advising the date of the EGM. That's the normal sort of statement. But no, he's going to tell us why there's been all this delay. "I can assure you that continuance of our relatively modest earnings have not been a motive to stretch out the invoice at any stage. We have conserved almost £2m of funds by careful management and our goal is early listing and not continued earnings." He says "The message of it is very positive"[sic] but "our goal is early listing". This says to me they're still some way from achieving that; it remains their goal but are we even in the six yard box? As for the "continuance of our relatively modest earnings", he told me his only remuneration was by way of the warrants. Difficult to know what to believe when faced with such fluff and contradictions. I hope it is the ultimate news we've all been waiting well over a year for but suspect we'll get a progress report with yet another target date for the hoped for outcome which he expects will reassure you "there's mothing to be concerned about". Sorry if that sounds gloomy, and I sincerely hope it is the full monty bulletin, but as there's clearly no urgency to tell us poor wee retail holders what's going on I have reason to get excited. | masergt | |
21/10/2022 13:45 | All a guess, but if the magoo fella on LSE is to believed should hear something , sometime, anytime, soon as he said lol | boxerdogz | |
21/10/2022 13:13 | boxer, i erred on the side of caution as timeframes have been ultra-elastic here. | wrtmf | |
21/10/2022 13:09 | 1292 - if we stick to 10 working days, then we should expect an update circa mon 31st? an update and no guarantee of egm/prospectus... | wrtmf | |
18/10/2022 13:30 | Thanks Bill | gozo | |
18/10/2022 12:41 | By the way, Childlike 'Jihadi' bride numero Cinq awaits Mahmood sorry I meant BoxerMugz as it would avoid all this fantasising over others c0cks an all! | one_frankel | |
17/10/2022 22:15 | Shut it panda chump | boxerdogz | |
17/10/2022 17:51 | #1295 what do you mean 'looks like' that's exactly what it is, nobody except you mentioned a listing circular, although a date of it happening would be good. | panda chops |
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