Bioprogress is a stock I have been in and out of quite a few times since it floated in May but not much mention here on the Investors' Room. Does anyone else follow this stock. I see it is up 1.5p today and a few good buyers seem to have appeared.

Today's Constant Gainers and Losers
Kam Patel

MMO2, BioProgress, Lookers, Tullow Oil , Sutton Harbour, Cobra, Anite Abacus, Total Systems, 3DM Worldwide, Iomart, Image Scan, GW Pharma in focus

...............

Notable constant gainers over four days include BioProgress, which has put on 13.6% to 71p. On 24 November it announced signing a letter of intent to form a global strategic alliance with a major US pharmaceutical company. Bioprogress kept the name of the US company secret for commercial reasons, but said it is a global leader in the Over-the-Counter medicines product sector. It is anticipated that a formal agreement will be completed on or before January 31st 2004.

Just bought into these, look good for the future, does Stanelco pose a possible problem in the future?

AdieH
Yes-if Stanelco win the court case.rgds aj

...which seems unlikely, so much so that BPRG have managed to get very cheap insurance for the action - see the BPRG thread on ADVFN. In any event, it would only affect one of BPRG's 4 tablet forms, and not the one for which FMC look likely to be licensed (RNS 20/10.)

Looks good then aj

Thanks for the info chap, very happy chap at moment, already showing profit and only bought yest.

Placing and open offer 1 Offer Share for every 6 Existing Ordinary Shares @50p

http://www.uk-wire.com/cgi-bin/articles/200312030700417909S.html

What is the last date you can buy shares in bioprogress before you can qualify for the extra shares?

thanks

If you bought on the 1st you get them, if you bought after you dont. The record date was close of business 1/12/03.

Phew, just bought in on 1st, so I will be included ?

What happens if you are the holder on the 1st Dec but sold your shares on the 2nd?

The record date was close of business 1/12/03 so if you held or bought on that date you would still be eligible. If you havent heard from your broker in the next few days chase them.

There was an exhaustive debate on A.... about this. The consensus was that the ex- date is important. In other words, to qualify, you must have held shares after the close on 2nd December (not the record date 1st Dec). If you bought on 2nd Dec, you should be OK. If you sold on 2nd Dec, you won't qualify. Need to speak to your broker (they are also confused!) and the registrar needs informing about shares purchased on 2nd. That seems to be the view!!!

Got my letter from the share centre on Saturday. Think this is a brilliant growth prospect but usually dont bother with these issues. Think bones is right here.

cheers GF.

Yes, from what I now understand it the 2nd that is the important date.

If your not going to bother with the share issue GF I will happily take them off your hands @ 50p

Suprised that only 55% were taken up but the institutions were happy to take the rest

BioProgress PLC
29 December 2003

BioProgress plc (the 'Company')


Result of Extraordinary General Meeting
and
Take-up of the Placing and Open Offer of 14,559,444 Ordinary Shares of 1p each
at 50p per share


As set out in the circular dated 3 December 2003 (the 'Circular'), the special
resolution of the Company relating to the Placing and Open Offer was duly passed
by shareholders at the extraordinary general meeting held today at 11.00am.

The Company announces that the 1 for 6 Placing and Open Offer of 14,559,444 New
Ordinary Shares at 50p per share as detailed in the Circular closed at 3.00pm on
24 December 2003.

The Company received valid applications in respect of 8,071,117 Offer Shares
from Qualifying Shareholders, which represents an aggregate take-up of
approximately 55.4 per cent. In addition, each of the Directors who hold
Ordinary Shares and certain Shareholders irrevocably undertook not to take up
their entitlement of 2,519,354 Offer Shares and that entitlement was placed firm
with institutional and other investors. The balance of the Offer Shares not
taken up, being 3,968,973 Offer Shares have also been placed with institutional
investors.

It is expected that definitive share certificates in respect of the Offer Shares
will be dispatched to shareholders by 7 January 2004.

Application has been made for these Offer Shares to be admitted to the
Alternative Investment Market ('AIM'). Admission of the Offer Shares to AIM is
expected to become effective at 8.00 am on 31 December 2003.

Definitions used in the Circular apply in this announcement unless the context
otherwise requires.


For further information contact:


BioProgress plc 01354 655674



Graham Hind, Chief Executive

I have just had a friend remind me that the management agreed not to partake and that some overseas investers were not allowed to buy therefore actual take up was much higher than 55%

You bet you had a 'friend' remind you! 55% was the take up. The directors didn't fancy them and the yanks were lucky?

Hi jACK. Happy New Year to you.

A New Year resolution for you may be "I have got to get my downer on this share out of my system"!!!

Chin chin!
Bones