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VTI Virotec Intl

12.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Virotec Intl LSE:VTI London Ordinary Share GB00B15PVR02 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 12.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 12.50 GBX

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Date Time Title Posts
30/5/200801:27VTI a STAR IN 20053,295
01/3/200800:52approach on AIM Virotec13
09/7/200721:46Virotec with Charts & News3
16/2/200614:01Virotec36
16/12/200408:20VTI a STAR IN 20041,497

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Virotec (VTI) Top Chat Posts

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Posted at 25/5/2008 23:43 by plast
eric, its all here.

EGM Circular




RNS Number : 4045U
HydroDec Group plc
14 May 2008






HYDRODEC GROUP PLC
("Hydrodec" or the "Company")


Posting of Shareholder Circular


Hydrodec originally announced on 4 April 2008 its proposed offer to acquire the entire
issued share capital of Virotec International plc
("Virotec") (the "Acquisition"). On 7 May 2008, Hydrodec and Virotec announced that the
Hydrodec Independent Directors and the Virotec
Independent Directors had reached agreement on the terms of the recommended acquisition
whereby Hydrodec will acquire, for shares and cash,
the entire issued and to be issued ordinary share capital of Virotec, to be effected by means
of a scheme of arrangement under sections 895
to 901 of the Companies Act 2006 (the "Scheme").

The Directors of Hydrodec note the announcement today by Virotec that the Scheme Document,
which sets out, amongst other things, the
full terms and conditions of the Scheme and an explanatory statement, together with the action
to be taken by Virotec shareholders, is being
posted to Virotec shareholders today. Subject to the satisfaction or waiver of the conditions
of the Scheme, it is currently expected that
the Scheme will become effective on 25 June 2008.

The Directors of Hydrodec announce that a circular containing further information on the
Acquisition, the Scheme and the Disposal and a
notice convening a general meeting of Hydrodec to be held on 6 June 2008 (the "General
Meeting") at which resolutions will be proposed in
order to enable Hydrodec to complete the Acquisition, has been posted to Hydrodec shareholders
and will shortly be made available for
viewing on the Company's website (www.hydrodec.com).

The General Meeting is to be held at 10.00 a.m. on 6 June 2008 at 80 Cannon Street, London
EC4 6HL. It is currently expected that the
Scheme will become effective on 25 June 2008.

Capitalised terms used, but not defined, in this announcement have the same meanings as
given to them in the announcement of 7 May.


Enquiries


Hydrodec Group plc
John Gunn, Chairman
Tel: +44 (0) 20 7621 5770

Ludgate Investments Limited
Charles Sebag-Montefiore
Robert Petch
Tel: +44 (0) 20 7621 5770

Numis Securities Limited
Anthony Richardson
Nick Westlake
Tel: +44 (0) 20 7260 1000



Numis Securities Limited, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Hydrodec and
no-one else in connection with the Acquisition and will not be responsible to anyone other
than Hydrodec for providing the protections
afforded to customers of Numis Securities Limited or for providing advice in relation to the
Acquisition or any other matter referred to
herein.

Ludgate Investments Limited, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Hydrodec and
no-one else in connection with the Acquisition and will not be responsible to anyone other
than Hydrodec for providing the protections
afforded to customers of Ludgate Investments Limited or for providing advice in relation to
the Acquisition or any other matter referred to
herein.


This information is provided by RNS
The company news service from the London Stock Exchange

END

EGMAIMLTMMJBMJP
Posted at 09/5/2008 10:23 by sambuca
Am I getting my sums wrong I hold 30,000 VTI which at the proposed swap rate of 3.75 for 1 HYR equates to 8000 HYR, at todays bid of 53.5p this is equal to 14.26 per VTI share. As HYR are offering 13p per share I was considering selling VTI at 13.5 and buying HYR but if my sums are correct I am better off just letting the the swap go through.

Sam
Posted at 25/4/2008 12:33 by erkman
Angus/Vitamal

Do you agree with these figures and what do you think?

264168231 VTI shares in issue. HYR will issue 70444861 at ratio of 1:3.75 for VTI. HYR after takeover will cancel VTI's 54500000 shares in HYR. So the net cost in shares is about 16m which at 50p per HYR share equates to £8M for purchase of VTI less the royalty that HYR will not now have to pay.

What a great deal for HYR!
Posted at 17/4/2008 13:01 by angussux
seriously suggest you guys do some research , vti spunout hyr , now i wonder if management got shares in hyr , funny how hyr now buys vti cough splutter , now whats that island called were its a tax haven cough splutter , oh forgot molectra andd ghf another spin off .btw emailing vti doesnt seem to get results glad u noticed lol
Posted at 16/4/2008 14:09 by distill
Do I take it that Hydrodec would now have to pay more for VTI seeing as the share price is now above 12p or has the deal been done!
Posted at 16/4/2008 13:20 by pmorrell
It looks like the VTI share price is now a derivative of the Hydrodec price.

I personally can't wait for HYR to take the company over. After frustratingly held 20000 of these for about four years while they have had technologies that can help produce potable water for an increasingly thirsty world but made virtually no progress it must be time for a change
Posted at 16/4/2008 09:56 by antreg
The share price tells the story.
Posted at 16/4/2008 09:01 by alan russell
It is difficult to make out a compelling case for the board of HYR offering significantly better management when two of the six HYR directors are also on the board at VTI. I don't see any compelling evidence that VTI is being badly managed. Tardy announcements in themselves hardly amounts to bad management.
Posted at 28/3/2008 10:50 by angussux
vti own shares in hyr/ghf . either of these is atm worth more than vti ,management own all of the above . probably more in hyr ghf . makes one wonder considering the tie in with other top holders , then again with recent registry change who knows who is playing games here either way vti is cheap atm
Posted at 30/1/2008 16:38 by alan russell
How frustrating. Mostly when the share price of blue-sky companies I have fancied fall badly I bail out. Sometimes I hold if there seems a reasonable chance of things working out - and maybe buy some more on the way back up. So to hold VTI through the long, long slide just to be taken over as it starts to look up would be an annoyance. The recent HYR sale said to have raised sufficient funds to complete commercialisation, HYR improving, share price improving, now news of a material contract... patience looks as if it will not bring a reward. I hope no takeover comes to pass.
Virotec share price data is direct from the London Stock Exchange

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