Don't pay just to have an ISA. Find out more
(DXR.L) Directex Realisations PLC Buy/Sell
Add to portfolio Set Alert Level 2 Desktop Trader
Summary
|
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||
| Date/Time | Headline | Source |
|---|---|---|
| 15-03-10 | RNS |
|
|
RNS Number : 5659I Directex Realisations Plc 15 March 2010 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached:ii
2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in
the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
4. Full name of shareholder(s)
(if different from 3.):iv
which the threshold is crossed or
reached:v
reached:vi, vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
if possible using
the ISIN CODE
GB00B01B0B28
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLJAMLTMBTBMMM More |
||
| 10-03-10 | RNS |
|
|
RNS Number : 4028I Directex Realisations Plc 10 March 2010
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached:ii
2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
4. Full name of shareholder(s)
(if different from 3.):iv
which the threshold is crossed or
reached:v
reached:vi, vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
if possible using
the ISIN CODE
GB00B01B0B28
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLBRGDXBDBBGGG More |
||
| 09-03-10 | RNS |
|
|
RNS Number : 3325I Directex Realisations Plc 09 March 2010 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached:ii
2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
notification obligation:iii
(if different from 3.):iv
which the threshold is crossed or
reached:v
reached:vi, vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
if possible using
the ISIN CODE
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Not applicable
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi
Proxy Voting:
to hold:
voting rights:
13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLBRGDXIXGBGGC More |
||
| 08-03-10 | RNS |
|
|
RNS Number : 2665I Directex Realisations Plc 08 March 2010 For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached:ii
2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
4. Full name of shareholder(s)
(if different from 3.):iv
which the threshold is crossed or
reached:v
reached:vi, vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
if possible using
the ISIN CODE
GB00B01B0B28
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi
Proxy Voting:
to hold:
voting rights:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLVVLFBBXFFBBB More |
||
| Date/Time | Subject | Author | ||
|---|---|---|---|---|
| Fri 10:42 | ||||
|
| ||||
|
| ||||
|
I've always thought that the plan of the Landers (Volvere) and ex-CEO Thain was to gain control of Directex + return MyOffers (IPT) to the group. Now that they have control it is surely a quation of timing: probably Q1 next financial year. Worth buying now before they go public on timing (refer to Steve the Investor's comments 19/2 'Now is the Time' for further background).
|
||||
| 23-02-10 | ||||
|
| ||||
|
| ||||
|
LETTER FROM THE PROPOSED DIRECTORS
SHAREHOLDERS OF DIRECTEX REALISATIONS PLC York House 74-82 Queen Victoria Street London EC4N 4SJ Tel: 020 7979 7575 22 February 2010 To Shareholders of Directex Realisations plc Dear Shareholder RE: Notice of Requisitioned General Meeting Introduction On 9 February 2010, Nicholas Ward, the current Chairman of Directex Realisations plc (“DXR” or the “Company”) wrote to you urging you to vote against his removal from the Board and against the appointment of us, Jonathan Lander and Nicholas Lander, as directors. The Company has also put forward certain other matters, including a proposed de-listing from AIM. The purpose of this letter is to assist you in deciding how you should vote at the forthcoming meeting on 4 March 2010. Please sign, date and return the enclosed Form of Proxy to the Company’s Registrars, Capita Registrars, PXS, 34 Beckenham Road, Beckenham, Kent BR3 4TU to arrive no later than 11 a.m. on Tuesday, 2 March 2010. De-listing of the Company’s shares from AIM and future strategy The current Board has recommended that the Company seeks a de-listing of its shares from AIM. We believe that: this may make it very difficult for you to sell your shares due to the lack of a regulated market; if the Company’s shares are not listed, shareholders will lose the protection of the AIM rules and may lose the associated corporate governance framework that applies to public listed companies on regulated markets; the availability of information for shareholders may be greatly reduced. If we are appointed we will seek to maximise shareholder value, whether by returning cash to shareholders, and/or a reverse takeover of the Company or otherwise. The most significant of the Company’s potential assets (the tax rebates) may not be available for five years or more, if at all. We believe that delisting the Company’s shares, in order to return up to 1.5p per share in the short term may preclude the availability of significant upside opportunities in that five year period. We believe that maintaining the Company’s listing need not be expensive and can be achieved at a significantly reduced cost compared to that incurred by the current Board during 2009. Corporate governance At the Company's recent Annual General Meeting ("AGM), shareholders voted against the re-appointment of two directors standing for re-election. Subsequently, one of those directors was re-appointed to the Board, in spite of the AGM shareholder vote to the contrary. We do not regard this as representing good corporate governance. Costs Nicholas Ward set out in his letter to you of 9 February the amount spent on professional fees during his reign as Chairman. These were £4.7m for the 19-month period of his appointment plus £0.7m of payments to interim managers, and a further £0.45m to Nicholas Ward himself. We consider these amounts to be extraordinary. Remuneration Following the AGM two further directors (in addition to the one mentioned above) were appointed to the Board. These directors act as interim managers to the Company on daily rates of E1,000 and £925. We consider the use of interim managers paid on daily rates inappropriate for DXR in its current form. In addition, there exists a bonus arrangement to further incentivise the directors on terms that have not been disclosed to shareholders. If appointed, we will each provide our services as directors for £12,000 per annum and dispense with interim management services wherever and whenever possible. There will be no discretionary bonus pool for directors. We will reduce payments for PR services, legal, tax and accounting advice and bring them to a level appropriate to the size of the Company. Who we are We have worked in turnaround investment since 2002 as directors of Volvere plc, which is listed on AIM (see www.volvere.co.uk). Under our stewardship Volvere's net assets per share have grown at a c . . . Read Full Message More | View thread (2) | Respond | Login to Vote up |
||||
| 22-02-10 | ||||
|
| ||||
|
| ||||
|
I placed my vote today directly via email with my broker - Hargreaves Lansdown.
I am sure you would be able to do the same with your own broker - for anyone who is with HL, the guy who deals with it is Dave Ford - dave_ford@hargreaveslansdown.co.uk 1.Remove Nicholas Ward as director (VOTE FOR) 2.Appoint Jonathan Lander as director (VOTE FOR) 3.Appoint Nicholas Lander as director (VOTE FOR) 4.Approve the investing policy of the company ( VOTE FOR) 5.Delist the Shares from AIM (VOTE AGAINST) 6.Re-register the company as a private limited company (VOTE AGAINST) |
||||
| 22-02-10 |
BUY
Upcoming events
|
1
|
||
|
| ||||
|
| ||||
|
So what we have to come...
22nd Feb - VLE General meeting mainly to approve buy back of shares but may get a snippet of Lander's intentions with DXR or IPTH w/c 22nd Feb - Hopefully we will get notification of Lander's intentions this week if nothing comes from the VLE general meeting 4th March DXR general meeting where Lander gets voted in and Ward packs his bags and we keep our listing.. If we hear from Lander next week then I wonder if we will get a response from Ward prior to the general meeting. If we do it will have to be something special to persuade shareholders to vote against the Landers.. So then IPTH gets reversed back into DXR and from VLEs interim results released on 25/09 "Interactive Prospect Targeting, which was acquired on 29 September 2008, continued to perform strongly with revenue and operating profit for the period of GBP5.2 million and GBP1.0 million respectively (3 months to 31 December 2008 GBP2.7 million and GBP0.4 million). The Group has consolidated this company as a subsidiary as it has control over it, but its equity ownership is 50%" So one would like to think that 5 months on that revenue line and operating profit has increased significantly and not only that but the business appears to being run properly - something that Ward and co couldnt do. Will Kiersnowski - sell out his remaining holdings? Current MCAP is £1.65M with 1.5p in cash, considerable tax losses to reclaim, and directors getting paid a wedge, £5m paid in consultancy fees over the last 18 months - with the prospect of IPTH with a 3 month revenue of £5.2M being backed into DXR.. Lander at the helm, at least 1.5p cash, reclaimed tax losses, ditch the consultancy fees, cut down on total salaries and having IPTH as a profitable business within DXR.. Undervalued or what.. |
||||
They have not been approved or issued by Interactive Investor Trading Limited.
Discussion Board Terms & Conditions FSA Market Abuse Fact Sheet
More...