Latest OFFICIAL statement is given below: Cheques will be posted & crest accounts credited on 31st December. So (assuming you are on Crest) you should get your money in your account 4th January.
"The full updated timetable of principal events for the implementation of the Acquisition is as below. If any of the dates set out in the updated timetable below change, an announcement will be made via the Regulatory News Service of the London Stock Exchange.
Last day of dealings in Infinis Shares
16 December, 2015
Dealing in Infinis Shares suspended in London
5:00 p.m. on 16 December, 2015
Scheme Record Time
6:00 p.m. on 16 December, 2015
17 December, 2015
Effective Date of the Scheme
17 December, 2015, following Court Hearing
De-listing of Infinis Shares
7:00 a.m. on 18 December, 2015
Despatch of cheques and crediting of CREST for cash consideration due under the Scheme
In July the Government scrapped the climate levy charge exemption which caused the SP to drop by around 55p. This was outside the control of Infinis or Terra Ferma but there were warnings in the prospectus.
The crystallised loss from the IPO is 55p (240p-185p offer) which can be attributed to the Government's decision alone.
Nope. Mind you the volume is very small so does not seem to take much to move this share. Getting fed up with those announcements. Not sure who is going to buy Terra Firma's shares with current government negative stance on green energy.
Would any one know if any further new builds or acquisitions were in the plans with Infinis? The TerraFirma situation (70% owners still I believe) appears to throw any reasonable forecast out the window?
I hope so Speculator 73. This has not been an enjoyable ride so far! I am still seething at what was a very poor budget and not just for charging renewable energy companies the climate change levy. Go figure.
Thanks All. It was only that I was not happy to see that the board's pay rise was 100% voted for, despite the shocking losses that investors have been hit with. This must have been way overpriced at the IPO given has been on the slide since day 1. Just makes me wonder if we've been taken for a ride and that the board hasn't responded to the awful performance in the price just makes me think the worst..... :-(
Not strictly true.
The company can quite easily send you notification of the resolutions and a voting form whether your shares are held by a nominee or directly by yourself.
The fact that they do not is purely a matter of choice/ laziness ( delete as appropriate).
As an example, earlier on this month the shareholders in Bahamas Petroleum, who held shares via nominees, were pleasantly surprised to receive a letter directly from the company enclosing the details of all the resolutions at the forthcoming AGM along with a form to sign instructing the nominees to vote in favour of all the resolutions.
Admittedly this was a bit one-sided ,as if you wanted to vote against any of the resolutions you had to contact the nominees and instruct them yourself.
However it does serve as an example of where a company can communicate directly with is shareholders, by obtaining their name and address form the nominee holders, where they think it is in their interests to do so.
The fact that most companies chose not to do so speaks volumes for how they regard the Private Investor.
The short answer to your question is No. You do not hold the shares directly but through a platform such as III. They do not automatically send out such details although you can ask for the annual report.
It is something shareholders such as you and I are asking for but we are not there yet.
The company cannot send these direct to you because your shares are held with the registrar, in a nominee account and not in your own name.
You are expected to find out these details yourself at the moment but with the number of RNS's with this company, it is not easy.
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