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So looks like the £1.50 offer remains albeit slightly different mechanism with existing shareholders able to choos whether they sell their shares or keep them in a delisted company structure m
But with the potential prospect of NOT being able to sell them all at £1.50 if oversubscribed. Not sure this will help the share price any!
That said IF you believe in the future of the company, your chance to buy in is now time limited - as long as you are prepared to hold shares you cannot trade it could be a VERY good deal for you.
So they want to pay us £1.50 cash for each share we hold
and we are trading at half price currently
Excellent
We will see a big jump on open and/or we can retain our stock
in TNT to become SPV which once they’ve got their 29.9% becomes even more valuable
as they are only making a tender offer to grow the company ££££ much further via SPV
Win win for current holders and entrants to the market
with little availability of any free float getting that amount of the company
will be hard so this is going to be an interesting week for holders in fact an
instant 100%
IMHO PJ
ProfitJock - I like your optimism and prefer your method of reading the RNS to mine - for me, I'm worried that I might get locked into an investment I cannot trade - as you say, it would be in a company that looks like it could be very big, but that worry I think will hang over the heads of many investors. I hope you are right and I am wrong! As I said in my second post, once this goes through those who have the vision won't be able to buy - so your chance is now time limited if you are of that mind.
Aidan if majority holders are keen to retain says it all about their worth off market
often they are worth many times more when held privately
Nice we have a choice
1. Accept 100% uplift from current SP instant bag
2.Don’t accept, retain stock, see new company SPV grow it to eg multi billion co
and stock worth many many times more
I’m happy as Larry
The SP will now be priced at £1.50 but off market they’ll want/need more shares
for majority holdings decisions so I’m guessing value wise eg £10.00 each is achievable
they have deep pockets remember
IMHO PJ
Aidan I’d add as they’re a SPV making the tender
I would expect their intentions are to bring this back to
market after further growth possibly NASDAQ would be feasible Plan
for such a business as this
So depends whether LTH or make a quick buck
I think the majority holders wanting to retain their holdings are subscribing to the
longer term profit view
IMHO PJ
The isa holding shares will have to take the cash offer or pull out of the Isa and take the private option.
90p to buy
How many % of shares are held by insiders?
Pedro
Insider ownership is set out in interim accounts
Dan55 if the ISA shares need to be sold how do you get £1.50 per share as its at 80p at the moment Cheers
Thanks TA so I make that 63.12%
leaves 36.87% free float?
The ISA shares do not need to be sold.
I have non-ISA shares RDL and others which HL just xferred out in Share account
Arh right, thanks Pedrobull
Taken off AIM and so private company is your choice. Its a removal of choice to the average PI, Shearer could have raised on AIM but no he obvious doesn't like the responsibilities of being a listed company.
The Board considers that Tintra would be better able to raise the capital it needs to develop the business as a private company. As such the Board of Tintra intends to convene a general meeting of Tintra shareholders in order to obtain the requisite approval to effect a cancellation of the Company's ordinary shares to trading on AIM, in accordance with Rule 41 of the AIM Rules for companies (the "Cancellation"). A further announcement will be made when a circular to shareholders is published in connection with the Cancellation, it is expected that this will be during November.
The bait has been cast. Now a 6 month wait to be told it’s all off. Don’t believe for one minute all the large holders will not want the freedom to deal on the open market. This is when the power of the majority holders will come into play.Bwtfdik
GLA LTH talk again in 6 months.
This company is about the future. I'd hazard a guess that long term investors won't mind at all whether it is listed or not. The move to delist is for the benefit of private equity and indeed it has been widely discussed on here already how usually this sort of company at this stage in its growth journey is normally in the hands of private equity rather than publicly listed.
Additionally, the more shares they can buy on the market sub £1.50 the less they will need to buy at £1.50 so it's not surprising to see deramping to give them a hand...
Anyone any ideas
1. If the tender will be over subscribed .
2, how long will it be to re-list again
I think it’s just a mechanism to get unlisted and only PIs will subscribe. Not sure on PI ownership. Gut feel massively undersubscribed.
I’m so not into all this waiting around. I predict it’ll be undersubscribed too
For me will have to take the tender offer as my shares are held in my Sipp and will not allow me to hold unlisted shares , which is a shame would have love to hold on to them as I do see good value long term.
Could sell SIPP and buy in normal account beforehand
Can’t sell sipp will have to pay the tax which I don’t want to do