I hold a few of these - has been very quiet and not a trade but a longer term play on possibility of M+A. It used to be a cheap way into Autonomy


ains :-))


ENIC plc ("ENIC" or "the Company")

Offer approach

The Company has received an approach which may or may not lead to an offer for
the entire issued share capital of the Company.

A further announcement will be made as soon as practicable.


Shares opened at 24.5p - sold at 41p + special cert = profit 67.3%

having taken the money on half my holding it's now time to take the rest ..... the bidder has around 95% acceptances and will be taking the others through the courts if nec .... time to take the profits and reinvest. May as well go direct and get the 40p and no expenses ......


ains :-))

Kondar are now claiming oover 90% .... I received the money from my first acceptance which I put into Tads:-)) ..... waiting on the money from the 2nd acceptance



ains

LONDON (AFX) - Kondar Ltd said that as at 3.00 pm yesterday, it either owned or had received valid acceptances in respect of a total of 97.293 mln shares or a 96.59 pct stake under its recommended cash offer for ENIC PLC.
In a statement, the company said it is issuing to ENIC shareholders who have not yet validly accepted the Offer, formal notices to acquire their shares compulsorily.

Hmmmmmmm ...... just received a cheque for my last 25K Enic shares ..... always amazes me just how many of these cheques arrive during a long bank holiday weekend or Saturday morning.

Also received the 'form of cerificate' for the special additional payment related to a future disposal of spurs shares by the new company. A multi page document accompanies the certificate but is somewhat less than clear on what the relevant action period actually is .... oh well .... back to looking at the original documents concerning the bid offer and checking with brokers to see if my nominee holdings also received the certificate .... is it worth the bother?


ains