Zegona Communications Share Discussion Threads

[dekle] 14/10/2021 15:33

I have received the funds and was left with 635 shares and sold them. No point in hanging on to so few

[red ninja] 14/10/2021 14:55

Cash not received at Hargreaves Landsdown.

[flyfisher] 14/10/2021 14:40

Cash received.

[call-logger] 13/10/2021 11:43

Supposed to be by tomorrow

[boystown] 12/10/2021 14:30

Any idea when accounts will be credited? I wouldn't mind getting a few DEC after the negative ESG report etc.

[flyfisher] 12/10/2021 12:33

99.915% redemption with ii.

[eezymunny] 07/10/2021 15:52

"There were 371,297 unused Basic Tender Offer Entitlement Shares which were allocated on a pro rata basis to shareholders who tendered additional Shares. Those shareholders will have their tender satisfied in respect of their Basic Tender Offer Entitlement plus approximately 9.17% of the additional Shares they tendered[2]. In aggregate, Zegona will repurchase 214,532,103 Shares, which equates to a total capital return to shareholders of £329.3 million[3]."

[value hound] 07/10/2021 15:04

So 98% bought back. Will that leave us with any I wonder?

[dekle] 05/10/2021 18:57

Pay out Friday, that's my birthday. Most expensive present I've ever had!

[elsa7878] 05/10/2021 17:53

Will hear tomorrow what we get in the tender. I've put up all of my shares...here's hoping.

[eezymunny] 08/9/2021 12:22

Depends on whether you want exposure to the continuing biz Boystown. Shell with 6m cash (IIRC) and looking to rinse and repeat Euskaltel type thing.

I´ve tendered all but each to his own...

[boystown] 08/9/2021 10:54

So what's the consensus view from the experts? Tender all one's shares?

[call-logger] 24/8/2021 14:43

Received the instructions for tendering from YouInvest and tender 0 shares is the default option so a little bit of attention needed

[eezymunny] 05/8/2021 13:24

Turkeys? Xmas?

[tiltonboy] 05/8/2021 13:16

98% acceptances

[jc1546] 05/8/2021 08:43

"Were the takeover to become wholly unconditional, sale proceeds would be expected to be received by Zegona before the end of the second week of August 2021."

[red ninja] 30/7/2021 13:10

I hadn't anticipated a tender offer, the 2017 tender offer detailed here :-

[eezymunny] 29/7/2021 15:30

Very close?

[red ninja] 22/7/2021 15:36

Director buying possibly an indication money return is very close :-

"Zegona Communications plc, LSE: ZEG announces that it was notified on 22 July 2021 by Mr Menno Kremer, Investment Director of the Company, that he had purchased 65,068 Ordinary Shares in the Company at a price of 146 pence per share on 22 July 2021.

Mr Kremer's holding of Ordinary Shares in the Company totals 65,068 shares, representing approximately 0.0003% of the Company's issued share capital."

[elsa7878] 14/7/2021 10:52

Should be £15 million of which the management will own 28% = little under £11 milion for us. Won't be long before they pay it to themselves in salary, benefits and expenses.

[red ninja] 14/7/2021 10:41

There should also be a NAV of 5p per ZEG share after the 1.504 has been paid.

[elsa7878] 14/7/2021 10:02

You can buy at 1.452 (1.46 including costs) - whih is exactly a 3% discount to 1.504 cash offer. 52.32% acceptances from 3 largest shareholders. Need 75% plus 1 share so guess that the discount reflects uncertainty of achieving 75% or buyer pulling out...

[red ninja] 13/7/2021 11:41

Probably a buy (my buy quote is 145.45) and that price of 145.375 looks too high to be a sell.
However, that buy had to be supplied by impatient sellers not interested in the remaining approx 5% when the sale goes through.