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Local Shopping REIT Plc (The) (LSR) ORD GBP0.20

Sell:28.60p Buy:29.40p 0 Change: 0.20p (0.69%)
Market closed Prices as at close on 18 April 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Takeover

Local Shopping REIT Plc (The) ORD GBP0.20

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Apr 2019)

What is happening?


Thalassa Holdings Ltd has announced that the Cash & Share Offer to be made for the entire issued Share Capital of Local Shopping REIT plc not already owned by Thalassa Holdings Ltd has been extended again. As a holder of Local Shopping REIT plc Shares in your Hargreaves Lansdown Account you need to decide whether you wish to accept the Offer or not.

 

Local Shopping REIT plc have announced the following: “The Board believes that the Offer represents an opportunistic attempt to take control of shareholders’ money. The Board reiterates its commitment to returning cash to shareholders in accordance with its stated investment strategy, approved by shareholders in 2013, and notes that the cash element of the consideration to be provided by Thalassa under the Offer is significantly less than the amount that the Company would have sought to return to shareholders through the members' voluntary liquidation at the end of 2018, which was opposed by Thalassa.

 

"The balance of the Offer is in new ordinary shares in the capital of Thalassa, which the Board considers are subject to a number of risks and uncertainties.

 

"...the Board strongly recommends shareholders take no action regarding the Offer." (Source: Company Announcement, 7 March 2019)

 

What are my choices?


Option 1 - You can accept the Offer. Under the terms of this Offer Local Shopping REIT plc Shareholders have been offered 14.64p in cash and 0.26 of a new Share in Thalassa Holdings Ltd for each Share held. 


Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time.

 

Mix & Match Facility


A Mix and Match Facility is available allowing you to vary the proportion of Scheme cash and Shares you receive under the Offer. You may elect to receive additional Thalassa Holdings Ltd Shares in lieu of cash or additional cash in lieu of Thalassa Holdings Ltd Shares. Please note that elections for excess Shares or cash will only be satisfied to the extent that other Shareholders make equal and opposite elections and may therefore be subject to pro rata scaling back, i.e. you may still receive a combination of both cash and Shares.

 

Any election must be received in this office by noon on Tuesday 23 April 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:28.60p
Buy:29.40p
Change: 0.20p (0.69%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 18 April 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Takeover

Local Shopping REIT Plc (The) ORD GBP0.20

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Apr 2019)

What is happening?


Thalassa Holdings Ltd has announced that the Cash & Share Offer to be made for the entire issued Share Capital of Local Shopping REIT plc not already owned by Thalassa Holdings Ltd has been extended again. As a holder of Local Shopping REIT plc Shares in your Hargreaves Lansdown Account you need to decide whether you wish to accept the Offer or not.

 

Local Shopping REIT plc have announced the following: “The Board believes that the Offer represents an opportunistic attempt to take control of shareholders’ money. The Board reiterates its commitment to returning cash to shareholders in accordance with its stated investment strategy, approved by shareholders in 2013, and notes that the cash element of the consideration to be provided by Thalassa under the Offer is significantly less than the amount that the Company would have sought to return to shareholders through the members' voluntary liquidation at the end of 2018, which was opposed by Thalassa.

 

"The balance of the Offer is in new ordinary shares in the capital of Thalassa, which the Board considers are subject to a number of risks and uncertainties.

 

"...the Board strongly recommends shareholders take no action regarding the Offer." (Source: Company Announcement, 7 March 2019)

 

What are my choices?


Option 1 - You can accept the Offer. Under the terms of this Offer Local Shopping REIT plc Shareholders have been offered 14.64p in cash and 0.26 of a new Share in Thalassa Holdings Ltd for each Share held. 


Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time.

 

Mix & Match Facility


A Mix and Match Facility is available allowing you to vary the proportion of Scheme cash and Shares you receive under the Offer. You may elect to receive additional Thalassa Holdings Ltd Shares in lieu of cash or additional cash in lieu of Thalassa Holdings Ltd Shares. Please note that elections for excess Shares or cash will only be satisfied to the extent that other Shareholders make equal and opposite elections and may therefore be subject to pro rata scaling back, i.e. you may still receive a combination of both cash and Shares.

 

Any election must be received in this office by noon on Tuesday 23 April 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:28.60p
Buy:29.40p
Change: 0.20p (0.69%)
Market closed Prices as at close on 18 April 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Takeover

Local Shopping REIT Plc (The) ORD GBP0.20

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Apr 2019)

What is happening?


Thalassa Holdings Ltd has announced that the Cash & Share Offer to be made for the entire issued Share Capital of Local Shopping REIT plc not already owned by Thalassa Holdings Ltd has been extended again. As a holder of Local Shopping REIT plc Shares in your Hargreaves Lansdown Account you need to decide whether you wish to accept the Offer or not.

 

Local Shopping REIT plc have announced the following: “The Board believes that the Offer represents an opportunistic attempt to take control of shareholders’ money. The Board reiterates its commitment to returning cash to shareholders in accordance with its stated investment strategy, approved by shareholders in 2013, and notes that the cash element of the consideration to be provided by Thalassa under the Offer is significantly less than the amount that the Company would have sought to return to shareholders through the members' voluntary liquidation at the end of 2018, which was opposed by Thalassa.

 

"The balance of the Offer is in new ordinary shares in the capital of Thalassa, which the Board considers are subject to a number of risks and uncertainties.

 

"...the Board strongly recommends shareholders take no action regarding the Offer." (Source: Company Announcement, 7 March 2019)

 

What are my choices?


Option 1 - You can accept the Offer. Under the terms of this Offer Local Shopping REIT plc Shareholders have been offered 14.64p in cash and 0.26 of a new Share in Thalassa Holdings Ltd for each Share held. 


Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time.

 

Mix & Match Facility


A Mix and Match Facility is available allowing you to vary the proportion of Scheme cash and Shares you receive under the Offer. You may elect to receive additional Thalassa Holdings Ltd Shares in lieu of cash or additional cash in lieu of Thalassa Holdings Ltd Shares. Please note that elections for excess Shares or cash will only be satisfied to the extent that other Shareholders make equal and opposite elections and may therefore be subject to pro rata scaling back, i.e. you may still receive a combination of both cash and Shares.

 

Any election must be received in this office by noon on Tuesday 23 April 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
28.80p
Trade high:
n/a
Year high:
34.00p
Market capitalisation
Market cap.
:
£23.76 million
Previous close:
28.80p
Trade low:
n/a
Year low:
25.80p
P/E ratio:
n/a
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
n/a
Dividend yield:
n/a
EMS:
10,000
Data delayed by at least 15 minutes.

Performance

Not available for this stock.

Fundamental data

Year ending: 30/09/2018 30/09/2017
Revenue (£m) 3.38 6.02
Profit before tax (£m) (7.15) (0.86)
Adjusted EPS (p): (8.67) (1.04)
P/E ratio n/a n/a
PEG n/a n/a
EPS growth (%) n/a n/a

Values are quoted in the stock's local currency: British pound

All fundamental data

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents

There are no documents available for this stock.

Broker forecasts

Broker recommendations for this stock are not available.

Time / date Time Buy / sell Type Volume Price Value
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.