for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

shamona when will it go bust?

Have just been notified by Hargreaves Lansdown about the offer and that they will be writing with more details shortly.

Curiously (and it may be in error), they state that holders as at close of business on Monday 9th October are entitled to take part.

As we know, the Record Date is set at 6th October.

Alfa.

RNS Number:3088K Stanelco PLC 11 October 2006

Stanelco plc ("the Company")

Notifiable Interest

The Company received notification on 11 October 2006 that Caylon Corporate and Investment Bank is interested in a total of 30,323,386 ordinary shares of 0.1 pence each in the Company, representing approximately 3.03 per cent. of the Company's issued share capital.

This shareholding is registered as follows:


Shares Held Management Company Nominee/Registered Name
30,323,386 Caylon Corporate and Investment Credit Agricole Cheuvreux
Bank International Ltd


Stanelco plc

First one to jump on board, ... next one please
Could we regret the issue of that big amount of shares? hope no, but it could really facilitate a take over of the company.

0.01 pence??? Am I missing something here?

Yes, a decimal point.

Sorry bit of a typo there but what I was getting at is this announcement seems to be over a total outlay of just over 30k. If it means 1% of a penny!

Maybe it's been too long a day already!

Worry not, HD. That's simply the nominal value of each share and not its market price.

I have clarified with HL and the eligibility date to take part in the Open Offer is definitely close of business on Monday 9th October {edited for my error stating 10th - it is the 9th !}.

Apparently, the Record Date is for the benefit of the Registrars who will notify anyone who was a holder on that date, i.e. Friday 6th October.

Thus, if you became a new holder on Monday (and still held them by business close on Monday), you will need to contact your broker/registrar if you wish to take place in the offer.

Alfa.

Thanks alfalfa.

I think the RNS has a typo and should refer to Calyon not Caylon. The Calyon Corporate and Investment Bank have an interest in sustainablility but I do not know why they are involved at this stage with SEO.
kim

It may well be that the SPhere rumour is true, SPhere are based in France I think; Calyon is French.
kim

Calyon is indeed French and part of the Credit Agricole group. It's an Institutional brokerage.

alfalfa
Just spoke to my Broker {Halifax} and they say the same, @ close on the 10th.

If the SPhere rumour is true then we can expect to see many more of these RNS notifications, all from the same company as the holding builds.
Alan

This is only the start!

The french are coming, and with a little help from others - new owners will appear-the only problem is what happens to us - we lose as usual!!

OR:

This has been done as a reminder to Stanelco that Sphere are watching VERY carefully - at least with this scenario we should be guaranteed a reasonable return.

Peeps, I thought SPHere was Spanish ??

EDIT at least it seemed to be when I looked at something on PM1's site that was thrown up by a search engine.

ST,
I think this is the same SPhere:-

Company Profile

Updated: 21-SEP-06

Sphere S.A.
Non-Quoted Public Company
3 rue Scheffer, Paris , France
33 01 53 65 23 00, 33 01 53 65 81 99 fax, http://www.spmetal.com
Primary SIC: Unsupported Plastics Film & Sheet, Primary NAICS: Unsupported Plastics Film and Sheet (except Packaging) Manufacturing
Description: Manufacturing: Manufacture of aluminium and polyethylene packaging and private label products, including printed industrial films for agriculture and industrial applications, bin liners, aluminium foil rolls and trays, cling film and greaseproof paper, microwave film, trays and bags, ice-cube bags, airtight boxes, carrier bags and heavy-duty polyethylene bags for local authorities

Nothing is certain these days though is it?!
kim

No idea, Kim. the link on PM1's site no longer works anyway.

Was wandering if Mr Geoff Ho knows about Credite Agricole`s stake in Stanelco.

Now, I'm not one for pissing on anyones fire (actually thats wrong in almost every way), but the RNS about the French holding begs a further question.
Is this brought about by the firm commitment, and if so why is there only one notified? If it is then A of R should be giving the same sort of notification. Unfortunately I do not know the rules for when a commitment becomes ownership and notification has to take place.
If it is not part of the firm commitment, then I am a happy little pixie that there is a new large backer.
Alan