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(WGN.L) Wogen PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 05-10-09 | RNS |
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RNS Number : 1516A AIM 05 October 2009
NOTICE (699) 05/10/2009 7:00am
CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM
WOGEN PLC At the request of the company trading on AIM for the under-mentioned securities have been cancelled from 05/10/2009 7:00am.
Ordinary Shares of 5p each (B0LMC20)(GB00B0LMC209)
If you have any queries relating to the above, please contact the company's nominated adviser on 020 7605 6500. Ref: AIMNOT699 This information is provided by RNS The company news service from the London Stock Exchange END
AMOGGMGGMZGGLZM More |
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| 02-10-09 | RNS |
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RNS Number : 1494A Wogen PLC 02 October 2009 Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
RECOMMENDED OFFER for
WOGEN PLC ("Wogen" or the "Company") by
SANCTUARY PARTNERS LIMITED ("Sanctuary") to be effected by means of a Scheme of Arrangement Scheme Effective On 28 July 2009, the Company announced a recommended cash offer by Sanctuary for the entire issued and to be issued share capital of the Company (the 'Proposal'), to be implemented by scheme of arrangement. The Scheme Document, containing the terms and conditions of the Scheme and further information on the Proposal, was posted to Wogen Shareholders on 18 August 2009. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those used in the Scheme Document. On 15 September 2009, the Company announced that at the Court Meetings and General Meeting all the resolutions to approve the Scheme were passed by the requisite majorities. At the final Court Hearing, held on 1 October 2009, required as part of the Scheme, the Court confirmed the capital reduction required by the Scheme and the Reduction Court Order made at the Court Hearing has today been delivered to and registered by, the Registrar of Companies in England and Wales. The Scheme is therefore effective. Wogen Shares will be delisted from 07:00am on 5 October 2009. Settlement of the consideration to which any Wogen Shareholder is entitled under the Scheme will be implemented in full in accordance with the terms of the Scheme and will be despatched by not later than 16 October 2009. Wogen Optionholders, who received separate offers in respect of their Wogen Options, will receive settlement of any consideration due to them in accordance with the terms of the option exchange offer dated 4 September 2009.
Simon Bridges Henry Fitzgerald-O'Connor
Wogen)
Harry Chathli
Eric Charles
Neil Poulter Enquiries Citroen Wells, chartered accountants, are acting exclusively for Sanctuary and no one else in relation to the Proposal and/or the Scheme and will not be responsible to anyone other than Sanctuary for providing the protections afforded to clients of Citroen Wells or for providing advice in relation to the Proposal, the Scheme or any matter or arrangement referred to in this announcement. Canaccord Adams, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Wogen and no one else in relation to the Proposal and/or the Scheme and will not be responsible to anyone other than Wogen for providing the protections afforded to clients of Canaccord Adams or for providing advice in relation to the Proposal, the Scheme or any matter or arrangement referred to in this announcement. This announcement is not intended to, and does not, constitute or form part of any offer to sell or an invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Proposal on otherwise. The distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction outside the UK should inform themselves about, and observe any applicable requirements. This announcement has been prepared for the purpose of complying with English law and the City Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England. Copies of this announcement are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from any Restricted Jurisdiction and persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send it in or into or from any Restricted Jurisdiction. This information is provided by RNS The company news service from the London Stock Exchange END
SOABLLFBKBBEFBB More |
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| 01-10-09 | RNS |
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RNS Number : 0861A Wogen PLC 01 October 2009 Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
RECOMMENDED OFFER for
WOGEN PLC ("Wogen" or the "Company") by
SANCTUARY PARTNERS LIMITED ("Sanctuary") to be effected by means of a Scheme of Arrangement Result of Court Hearing On 28 July 2009, the Company announced a recommended cash offer by Sanctuary for the entire issued and to be issued share capital of the Company (the 'Proposal'), to be implemented by scheme of arrangement. The Scheme Document, containing the terms and conditions of the Scheme and further information on the Proposal, was posted to Wogen Shareholders on 18 August 2009. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those used in the Scheme Document. On 15 September 2009, the Company announced that at the Court Meetings and General Meeting all the resolutions to approve the Scheme were passed by the requisite majorities. At the final Court Hearing held on 1 October 2009 required as part of the Scheme, the Court confirmed the capital reduction required by the Scheme and the Reduction Court Order made at the Court Hearing will be delivered to the Registrar of Companies in England and Wales on 2 October 2009. The Scheme is therefore anticipated to be effective as of 2 October 2009 and Wogen Shares will be delisted from 07:00am on 5 October 2009. Settlement of the consideration to which any Wogen Shareholder is entitled under the Scheme will be implemented in full in accordance with the terms of the Scheme and will be despatched by not later than 16 October 2009. Wogen Optionholders, who received separate offers in respect of their Wogen Options, will receive settlement of any consideration due to them in accordance with the terms of the option exchange offer dated 4 September 2009.
Simon Bridges Henry Fitzgerald-O'Connor
Wogen)
Harry Chathli
Eric Charles
Neil Poulter Enquiries Citroen Wells, chartered accountants, are acting exclusively for Sanctuary and no one else in relation to the Proposal and/or the Scheme and will not be responsible to anyone other than Sanctuary for providing the protections afforded to clients of Citroen Wells or for providing advice in relation to the Proposal, the Scheme or any matter or arrangement referred to in this announcement. Canaccord Adams, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Wogen and no one else in relation to the Proposal and/or the Scheme and will not be responsible to anyone other than Wogen for providing the protections afforded to clients of Canaccord Adams or for providing advice in relation to the Proposal, the Scheme or any matter or arrangement referred to in this announcement. This announcement is not intended to, and does not, constitute or form part of any offer to sell or an invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Proposal on otherwise. The distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction outside the UK should inform themselves about, and observe any applicable requirements. This announcement has been prepared for the purpose of complying with English law and the City Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England. Copies of this announcement are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from any Restricted Jurisdiction and persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send it in or into or from any Restricted Jurisdiction. This information is provided by RNS The company news service from the London Stock Exchange END
ROMEALEFEAANFFE More |
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| 29-09-09 | RNS |
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RNS Number : 8746Z Wogen PLC 29 September 2009 Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
RECOMMENDED OFFER for
WOGEN PLC ("Wogen" or the "Company") by
SANCTUARY PARTNERS LIMITED ("Sanctuary") to be effected by means of a Scheme of Arrangement Result of Court Hearing On 28 July 2009, the Company announced a recommended cash offer by Sanctuary for the entire issued and to be issued share capital of the Company (the 'Proposal'), to be implemented by scheme of arrangement. The Scheme Document, containing the terms and conditions of the Scheme and further information on the Proposal, was posted to Wogen Shareholders on 18 August 2009. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those used in the Scheme Document. On 15 September 2009, the Company announced that at the Court Meetings and General Meeting all the resolutions to approve the Scheme were passed by the requisite majorities. Today, at the first of two Court Hearings required as part of the Scheme, the Court sanctioned the Scheme and the Scheme Court Order made at the Court Hearing was delivered to the Registrar of Companies in England and Wales shortly after the Court Hearing. A second Court Hearing will take place on 1 October 2009 at which the Court will consider and if thought fit make the Reduction Court Order to confirm the reduction of the share capital of the Company. If the Reduction Court Order is made then the Scheme Effective Date will be 2 October 2009 and Delisting of the Wogen Shares from AIM will now take effect from 07:00 a.m. on 5 October 2009.
Simon Bridges Henry Fitzgerald-O'Connor
Wogen)
Harry Chathli
Eric Charles
Neil Poulter Enquiries Citroen Wells, chartered accountants, are acting exclusively for Sanctuary and no one else in relation to the Proposal and/or the Scheme and will not be responsible to anyone other than Sanctuary for providing the protections afforded to clients of Citroen Wells or for providing advice in relation to the Proposal, the Scheme or any matter or arrangement referred to in this announcement. Canaccord Adams, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Wogen and no one else in relation to the Proposal and/or the Scheme and will not be responsible to anyone other than Wogen for providing the protections afforded to clients of Canaccord Adams or for providing advice in relation to the Proposal, the Scheme or any matter or arrangement referred to in this announcement. This announcement is not intended to, and does not, constitute or form part of any offer to sell or an invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Proposal on otherwise. The distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction outside the UK should inform themselves about, and observe any applicable requirements. This announcement has been prepared for the purpose of complying with English law and the City Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England. Copies of this announcement are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from any Restricted Jurisdiction and persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send it in or into or from any Restricted Jurisdiction. This information is provided by RNS The company news service from the London Stock Exchange END
ROMPUUWUBUPBGCB More |
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| Date/Time | Subject | Author | ||
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| 05-10-09 | ||||
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I think this offer definitely undervalues the company and is wholly opportunistic. I'd much prefer to see the management rebuild the company's fortunes for the benefit of all existing shareholders rather than take greedy advantage of a short-term weakness in the share price. The company is in a good long-term market as demand for and scarcity of specialist metals is likely to increase.
It all stinks a bit and I've no doubt that the valuation will have been heavily based on the September 2008 accounts, which would have included very large write-downs of inventories. It would be very interesting to know what the net asset price per share is based on current valuations of inventories. Sadly there is not much that can be done about it. It's a big danger of investing in small companies with large management shareholdings. You'd think this would align management and general shareholder interests, but unfortunately it also gives a cynical and greedy management the opportunity to screw other shareholders - especially if there is no large institutional shareholder to effectively challenge them. I certainly wouldn't back this management team again - they just aren't trustworthy. More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 07-09-09 | ||||
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I have only a few thousand in this one but I have to say that I feel 41 pence undervalues this company now and in the future. I have my shares in a nominee account and have received no notification of a vote. I am under water in this share and the independent shareholders in my opinion will be shafted if this goes through. I would vote against but my small holding will make no odds to the outcome I am afraid
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| 04-09-09 | ||||
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Proxies have to be received by 10 am on 13 September. Not long to go.
Does anyone else think this offer at 40p is a cheap one, to buy the company back while it is down? I don't know what the flotation price was, but bought my shares around 90p a couple of years ago. Notice that they need 75% of the independent shares to be voted, and a majority of the INDEPENDENT shares is required. Came on the boards this morning to see if there was any discussion, because maybe this should be voted down. Will study documents some more to consider outlook if the offer were to be rejected. More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 17-08-09 | ||||
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Hi
Apologies if this information is easily available, but does anyone know the timetable for the management buyout, and whether we have to do anything to accept the 41p per share. From my perspective, and with the spread as it is, this money is just tied up and the sooner the better, since we aren't going to be able to profit from the long-term upside. Thanks Milltig More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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