niceonecyril
- 25 May 2007 03:48
HARRYCAT
- 14 Sep 2009 14:11
- 801 of 810
Slightly edited version:
1. NOTICE OF SCHEME MEETING AND POSTING OF SCHEME DOCUMENT
On 3 July 2009 Braemore and Jubilee released a joint announcement relating to a Scheme of arrangement in accordance with Part 26 of the UK Companies Act of 2006, as amended that has been proposed by Jubilee between Braemore and Braemore's shareholders, in terms of which members recorded in the register of members of Braemore at the appropriate time will receive 1 new Jubilee share for every 15.818 Braemore shares held by Braemore shareholders (the 'Consideration'). Upon the Scheme becoming effective, Braemore will become a wholly-owned subsidiary of Jubilee and Braemore's listing on AIM (a market operated by the London Stock Exchange plc) and on the Johannesburg Securities Exchange operated by the JSE Limited (the 'JSE') will be cancelled.
Further to the above announcement, shareholders are advised that on Friday, 11 September 2009, the Court granted an order to Braemore affording Braemore leave to convene a Court Meeting for the purpose of considering and, if deemed fit, approving (with or without modification) the Scheme. The Court Meeting is to be held at 11:00 a.m. on Wednesday, 7 October 2009 at the offices of Watson, Farley & Williams LLP, 15 Appold Street, London EC2A 2HB. The implementation of the Scheme will also require the passing by Braemore Shareholders of a special resolution to be proposed at a general meeting to be held at 11:05 a.m. on the same day as the Court Meeting (or as soon thereafter as the Court Meeting shall have been concluded or been adjourned).
2. OPINIONS AND RECOMMENDATIONS
Venmyn delivered to the Braemore board of directors an opinion that the terms and conditions of the Scheme are fair to the Braemore Shareholders.
The directors of Braemore have considered the terms and conditions of the Scheme and, inter alia, the opinion of Venmyn, and are of the unanimous opinion that the Scheme is fair to Braemore Shareholders. Accordingly, the board of directors of Braemore recommends that Braemore Shareholders vote in favour of the Scheme. The directors of Braemore who hold Braemore Shares intend to vote in favour of the Scheme at the Court Meeting in respect of their own beneficial holdings of Braemore Shares"
HARRYCAT
- 07 Oct 2009 11:55
- 802 of 810
Court meeting today, so hopefully all should be settled soon.
HARRYCAT
- 29 Oct 2009 09:03
- 803 of 810
29/10/2009 7:00am
Suspension of Trading in Shares
"On 7 October 2009 Braemore announced that its shareholders had approved the proposal for the acquisition by Jubilee Platinum plc of the whole of the issued and to be issued ordinary share capital of Braemore to be implemented by way of scheme of arrangement under Part 26 of the Companies Act 2006 (the 'Scheme').
The shares in Braemore have been suspended from trading today on AIM pending the Court hearing being held today to sanction the Scheme. The shares will continue to trade on the JSE Limited but it is anticipated that their listing on the JSE Limited will terminate with effect from the commencement of business on Monday, 2 November 2009 should all the Conditions to the Scheme be satisfied."
cynic
- 29 Oct 2009 09:10
- 804 of 810
chart says all about this company .... Toya and i both got completely gulled by the presentation at their AGM a couple of years back
Toya
- 29 Oct 2009 09:23
- 805 of 810
I remember it well... still not convinced I'll ever learn!
cynic
- 29 Oct 2009 09:37
- 806 of 810
i'm sure you learnt a thing or two after it
Toya
- 29 Oct 2009 09:58
- 807 of 810
Probably did, thanks - but still a long way to go to make any decent profit on my trading efforts.
Balerboy
- 29 Oct 2009 10:04
- 808 of 810
perhaps we should get together Toya, ......perhaps I could learn a thing ...or two......lol, no comment cynic
Toya
- 29 Oct 2009 10:12
- 809 of 810
Lol - not sure you'd learn anything from me BB!
Enjoy your day; gotta go out
HARRYCAT
- 02 Nov 2009 08:40
- 810 of 810
02/11/2009 7:00am
CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM
BRAEMORE RESOURCES PLC
"At the request of the company, trading on AIM for the under-mentioned securities have been cancelled from 02/11/2009 07:00"