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yep. exactly. 1 share for every ten. Exciting times for Deepverge. Think you might do quite well with your holding DavieG9
Also HL said my shares will be credited to my account on the 2nd December
The price of MWG is irrelevant now as the important thing now is the price of Deepverge.
You are going to get one for ten....glad to see Deepverge ticking back in an upwards direction once again :o)
Thanks for the reply Troy, much appreciated.
Yes HL pretty much said as the take up is over 90% my shares will automatically switch to DVRG.
Another question if you don't mind, will I get 1 DVRG share for every 10 MWG shares? Does it matter about the price of a share on a certain day etc.
Thanks
@DavieG9. you are now the proud owner of Deepverge shares (the entity name for combo of Modern Water and integumen). As acceptances of the merger are above 90% there will be a compulsory conversion of your modern water shares into deepverge shares which i think should all wash through by Dec 2nd. Market makers still obviously taking orders here on MDW but the huge spread reflects their unwillingness to do much business here now. Focus on deepverge price now.
I am with Hargreaves Lansdown and own a fair number of shares. I had no idea or letters that I had to accept an offer. I've only noticed today that my shares have tanked. What can I do? What is going on?
G Brandon tweet...
Gerard J Brandon
@gjbrandon
·
1h
After lunch today, I will be on
@proactive_UK
with
@Katie_Proactive
to discuss what the completion of #ModernWater acquisition means for #DeepVerge, #Labskin update, #COVID19 Phase 3 deployment and all things #Rinocloud #AI
I am also with IG, I am a retail share holder and have missed this activity. I just contacted IG and they are telling me they will send us messages when they know more? Where do I stand? any advice or do I still just wait
Google showing a 11% drop during the course of the afternoon. Why?
Thanks tiptree x
AM I think you're right. GB kindly offered to help if I was struggling but AJB don't seem to be responding. I did accept the offer in October. This week my MWG shares still showed in my AJB account but by yesterday, they had gone completely with no explanation from AJB, despite requests. I guess all will be well eventually.
Checking on my understanding .. if it’s not right please correct me .
My understanding is deep verge is doing a takeover and if u accept the offer u convert ur shares into their ones.. if u don’t and they get over 90% acceptance then they will buy ur shares at the remaining value. .. hmm looks better to convert
What is the message about abc what is the proposal ?
I contacted IG today about my MWG holding as I've not had any correspondence from them and they don't even know what is going on........I've emailed Deepverge for information and advice!
Looking BLEAK!!
Still no news from AJ Bell although my MWG shares have now disappeared from my portfolio. How soon before I need to worry?
SP for Deepverge is a low of 9.026p
Don't even ask Tatty, do it now, you are already late.
If you have MWG shares and haven't accepted then contact your broker and do it ASAP.
Pointless buying MWG share now. Buy DVRG if you want to invest here.
I missed the original too but no new corp action is showing in my account. Will call in the morning. What is the deadline for this new corp action? I saw GBs tweet reminder a few minutes ago.
@gjb. Appreciate the update as missed the earlier Barclays cut off, so just Accepted as enjoying the journey !
@dasbig, yes it was a surprise that the support was so high on the first closing and as you said this moves us ahead a few weeks, which is great. However, retail shareholders should know that this is not an automatic process, no matter what someone says on a bulletin board :-) surprise surprise. Failure to swap existing shares in MWG for DVRG is no guarantee that
you will mean owning a share in a non-listed private illiquid subsidiary company of #DVRG. So with corporate actions back up on broker websites quickly (Barclays are up already this morning) this should be just a formality.
Just send an email to info@deepverge.com and we will have someone assist if you are having problems arranging this.
Congratulations! Your hard work is paying off.
Target price for DVRG by Nov 2021 0 .678p
Congrats !!!! 77.526% on first close is a resounding win and looks like we are now "DVRG". 9th November is also sooner than I expected.
https://www.londonstockexchange.com/news-article/DVRG/offer-unconditional-as-to-acceptances-extended/14742663
Offer declared unconditional, so any shares swapped will be admotted to AIM on Monday the 9th and we will allow two weeks for anyone else to swap their MWG shares for DVRG. After 9th we will apply to remove MWG from AIM as a private company.
Thanks kfc. Phoned HL this morning and they confirmed the same.