Universe Share Discussion Threads

[easwarareddy] 19/1/2022 15:45

Fog... get in early. Its having daily 10 percent increases before news. Will likely launch further imo. 20s look likely by next week

[oldtimer169] 19/1/2022 15:45

I seem to recall reading that tabled offers of 8p and 10p per share were rejected and 12p was the recommended take out price.Without the new regime taking the reins it may well have meandered for a lot longer!

[loganair] 19/1/2022 15:39

Likewise, I too am glad to soon be out and at least I'm out not making a loss.

[davidosh] 19/1/2022 15:33

I agree that for many years this had underperformed and it felt like a number of directors had been paid handsomely without generating returns for investors.

Andrew Blayze became chairman and bought a significant stake and put in a new CEO and since then we have seen a far better return. Not sure that the 13 years wait has served me that well overall but at least the big premium has made the exit door look attractive.

[mahammer] 19/1/2022 13:54

As good as could be expected , yeah from the bunch of overpaid directors who have made a very good living out-of this underperforming company for many years

[loganair] 19/1/2022 13:52

Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 18 January 2022, are entitled to receive 12 pence in cash for every Scheme Share held. Cheques will be dispatched to Scheme Shareholders holding Scheme Shares in certificated form and the CREST accounts of Scheme Shareholders holding Scheme Shares in uncertificated form will be credited by no later than 2 February 2022.

[oldtimer169] 19/1/2022 13:33

Plenty of winners here including the directors who master-minded the plan.IMO the takeout price was as good as could be expected all things considered.

[spud] 07/12/2021 22:58

I see the old dog has been put out of its misery! Sold about 4 years ago but can't remember the price. Well done to those that had the patience to hold. spud

[loganair] 06/12/2021 14:09

It is intended that dealings in Universe Shares on AIM will be suspended at 7.30 a.m. on 19 January 2022.

No transfers of Universe Shares will be registered after 7.00 a.m. on that date.

Latest date for dispatch of cheques and crediting of CREST stock accounts for Cash
Consideration due under the Scheme to the the Scheme Shareholders within 14 days after Effective Date.

[mahammer] 01/12/2021 09:33

The directors are recomnending the takeover.
Yeah a great deal for THEM.
But Not for long term holders.
Usual short term thinking from British management intent on lining their own pockets to the detriment of shareholders.

[melton john] 29/11/2021 15:58

Reading up on Capital Reorganisation I'm afraid that the 5p shares were relaced by 1 new 1p and 1 deferred 4p share, these were cancelled, having no rights or value. The company was then able to issue new shares at a premium to the 1p nominal value.



Para7 applies

Immediately prior to the Extraordinary General Meeting, the Company will have 114,704,539 Existing Ordinary Shares in issue. Resolution 1 to be proposed at the Extraordinary General Meeting proposes that each of the Existing Ordinary Shares be split into one New Ordinary Share of 1 penny and one Deferred Share of 4 pence, such Deferred Shares having the rights attached to them in the articles of association of the Company to be amended pursuant to Resolution 3.

[melton john] 29/11/2021 15:48

OldTimer, I think your message 741 was right about shares bought in the market. I'm certainly not an expert but been laid up with a stinking cold and did some reading of the Takeover Code. Because it is a cash offer, I take it that no announcements are necessary on the offeror's holdings and dealings. This seems to make sense, why would you care?

[melton john] 29/11/2021 13:16

JulianL
This notice of holding mentions 1P shares, earlier in the year there was a reorganisation of capital to enable a fund raise when nominal value changed from 5p

Universe (UNG.L), a leading developer and supplier of payment and on-line loyalty systems, was notified on 11 January 2013 that, on the same day, the Company's directors purchased a total of 527,955 ordinary shares of the Company of 1p each ("Ordinary Shares") at a price of 3.75p per Ordinary Share.

[loganair] 28/11/2021 17:10

They are now ORD 1p shares, so looks like something happened since 2004.

[srpactive] 24/11/2021 06:51

Directors buying in my 692 post was the sign for me.

active

[melton john] 23/11/2021 18:38

I'm not sure whether IISL are buying in the market Oldtimer169, I'm pretty certain it will be announced if they do. The only trade that was announced was the 393,253 sold by Fincapp as they are acting as an advisor. All trades in this stock go through the market makers so anybody's guess whose buying but a guaranteed selling price if they wait and the deal goes through, odds on it will. There will be a few RNS before then. Level 2 shows Peel on the bid and offer.

[loganair] 23/11/2021 17:59

1.7% of Universe was sold today.

[oldtimer169] 23/11/2021 15:45

I guess you can add today's sells to the 51%

[loganair] 23/11/2021 13:55

IISL has therefore received irrevocable undertakings and a letter of intent in respect of a total of 138,658,662 Universe Shares representing, in aggregate, approximately 51.20%.

[loganair] 23/11/2021 12:26

I'm waiting for at least 11.5p to sell my shares on the open market, anything less I'll be losing too much and will wait for the 12p from the offer.

[mercedes] 23/11/2021 10:48

Ive held these since the RD days so even at 12p I'm still loosing a little.....at least its going to clear a little more rubbish from my portfolio.........

[melton john] 23/11/2021 10:21

Bid has firmed up, just depends on how soon you want the money.
Wait c 3 months and get 12p and small risk of no deal or sell today for around 11p upwards.

[loganair] 23/11/2021 09:20

Bid/Sell price still only 10.5p?

[boadicea] 23/11/2021 08:13

The When and How questions are now the main points of interest. The following quote is what we are told so far:

" -- The Acquisition is subject to the Conditions and further terms set out in Appendix I to this Announcement and to be set out in full in the Scheme Document. It is expected that the Scheme will become Effective early in 2022.

"-- The Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and the Universe General Meeting, together with the forms of proxy for use at the Court Meeting and the Universe General Meeting, will be published as soon as practicable and in any event within 28 days of the Announcement Date or such later date as Universe, IISL and the Panel agree."