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Mi-Pay Group plc (MPAY) Ord 10p

Sell:1.00p Buy:1.30p 0 Change: No change
Market closed Prices as at close on 27 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Mi-Pay Group plc Ord 10p

Type:
Delisting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jan 2020)

What is happening?

 

The Board of Mi-Pay Group plc has announced proposals to cancel the Company’s Ordinary shares from trading on AIM (Alternative Investment Market). It is expected that the Company’s shares will be delisted with effect from the close of business on 3 February 2020.

 

The Company are also proposing to Wind up the Company by placing members into a voluntary liquidation and appointing a liquidator subject to approval at the second Annual General Meeting will be on 4 February 2020.

 

Why is this happening?

 

“Subject to passing the Disposal Resolution and following the completion of the Disposal, the Company will no longer have any trading operations and the Board has determined that it would be in the best interests of Shareholders to return the net cash resources of the Company resulting from the Disposal to Shareholders. To facilitate any such distribution of cash to Shareholders, the Directors propose to seek cancellation of the Ordinary Shares from trading on AIM. (Source: Shareholder Circular 23 December 2019)

 

Important information for holders of Mi-Pay Group plc shares within a Stocks & shares ISA

 

Please note under HMRC rules unlisted shares are not eligible to be held within a Stocks & shares ISA. As a result, if the delisting become effective, any holding of Mi-Pay Group plc shares within a Stocks & shares ISA will need to be removed within 30 days of the effective date of the delisting.

 

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:1.00p
Buy:1.30p
Change: No change
Market closed Prices as at close on 27 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Mi-Pay Group plc Ord 10p

Type:
Delisting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jan 2020)

What is happening?

 

The Board of Mi-Pay Group plc has announced proposals to cancel the Company’s Ordinary shares from trading on AIM (Alternative Investment Market). It is expected that the Company’s shares will be delisted with effect from the close of business on 3 February 2020.

 

The Company are also proposing to Wind up the Company by placing members into a voluntary liquidation and appointing a liquidator subject to approval at the second Annual General Meeting will be on 4 February 2020.

 

Why is this happening?

 

“Subject to passing the Disposal Resolution and following the completion of the Disposal, the Company will no longer have any trading operations and the Board has determined that it would be in the best interests of Shareholders to return the net cash resources of the Company resulting from the Disposal to Shareholders. To facilitate any such distribution of cash to Shareholders, the Directors propose to seek cancellation of the Ordinary Shares from trading on AIM. (Source: Shareholder Circular 23 December 2019)

 

Important information for holders of Mi-Pay Group plc shares within a Stocks & shares ISA

 

Please note under HMRC rules unlisted shares are not eligible to be held within a Stocks & shares ISA. As a result, if the delisting become effective, any holding of Mi-Pay Group plc shares within a Stocks & shares ISA will need to be removed within 30 days of the effective date of the delisting.

 

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:1.00p
Buy:1.30p
Change: No change
Market closed Prices as at close on 27 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Mi-Pay Group plc Ord 10p

Type:
Delisting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jan 2020)

What is happening?

 

The Board of Mi-Pay Group plc has announced proposals to cancel the Company’s Ordinary shares from trading on AIM (Alternative Investment Market). It is expected that the Company’s shares will be delisted with effect from the close of business on 3 February 2020.

 

The Company are also proposing to Wind up the Company by placing members into a voluntary liquidation and appointing a liquidator subject to approval at the second Annual General Meeting will be on 4 February 2020.

 

Why is this happening?

 

“Subject to passing the Disposal Resolution and following the completion of the Disposal, the Company will no longer have any trading operations and the Board has determined that it would be in the best interests of Shareholders to return the net cash resources of the Company resulting from the Disposal to Shareholders. To facilitate any such distribution of cash to Shareholders, the Directors propose to seek cancellation of the Ordinary Shares from trading on AIM. (Source: Shareholder Circular 23 December 2019)

 

Important information for holders of Mi-Pay Group plc shares within a Stocks & shares ISA

 

Please note under HMRC rules unlisted shares are not eligible to be held within a Stocks & shares ISA. As a result, if the delisting become effective, any holding of Mi-Pay Group plc shares within a Stocks & shares ISA will need to be removed within 30 days of the effective date of the delisting.

 

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.

×
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.

Financial results for the last 5 years

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

Income Statement: 31/12/2018 31/12/2017 31/12/2016 31/12/2015 31/12/2014
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Revenue: 3.34 3.05 3.28 3.01 2.70
Operating Profit / (Loss): (0.22) (0.62) (0.44) (1.44) (4.21)
Net Interest: 0.69 0.17 n/a n/a (0.11)
Profit Before Tax: (0.22) (0.62) (0.44) (1.44) (4.31)
Profit after tax from continuing operations: (0.24) (0.62) (0.44) (1.44) (4.32)
Discontinued Operations:   
Profit after tax from discontinuing operations: n/a n/a n/a n/a n/a
Profit for the period: (0.24) (0.62) (0.44) (1.44) (4.32)
Attributable to:   
Equity holders of parent company: (0.24) (0.62) (0.44) (1.44) (4.32)
Minority Interests / Other Equity: n/a n/a n/a n/a n/a
Total Dividend Paid: c n/a c n/a c n/a c n/a c n/a
Retained Profit / (Loss) for the Financial Year: c n/a c n/a c n/a c n/a c n/a
Earnings per Share:   
Basic: -0.50p -1.50p -1.10p -3.60p -15.10p
Diluted: -0.50p -1.50p -1.10p -3.60p -15.10p
Adjusted: -0.50p -1.50p -1.10p -3.60p -15.10p
Dividend per Share: 0.00p 0.00p 0.00p 0.00p 0.00p
Balance Sheet: 31/12/2018 31/12/2017 31/12/2016 31/12/2015 31/12/2014
  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Assets:   
Non-Current Assets:   
Property, Plant & Equipment: n/a n/a 0.18 0.26 n/a
Intangible Assets: n/a n/a n/a n/a n/a
Investment Properties: n/a n/a n/a n/a n/a
Investments: n/a n/a n/a n/a n/a
Other Financial Assets: 0.37 0.09 n/a n/a n/a
Other Non-Current Assets: n/a n/a n/a n/a n/a
  0.37 0.09 0.18 0.26 n/a
Current Assets:   
Inventories: n/a n/a n/a n/a n/a
Trade and Other Receivables: 1.41 1.37 1.12 0.93 n/a
Cash at Bank & In Hand: 3.49 2.93 3.52 3.53 n/a
Current Asset Investments: n/a n/a n/a n/a n/a
Other Current Assets: n/a n/a n/a n/a n/a
  4.90 4.30 4.64 4.46 n/a
Other Assets: n/a n/a n/a n/a n/a
Total Assets: 5.27 4.38 4.81 4.72 n/a
Liabilities:   
Current Liabilities:   
Borrowings: 0.14 0.03 0.07 0.07 n/a
Other Current Liabilities: 4.60 4.33 4.07 3.47 n/a
  4.74 4.36 4.14 3.54 n/a
Net Current Assets: c n/a c n/a c n/a c n/a c n/a
Non-Current Liabilities:   
Borrowings: 0.21 n/a 0.03 0.10 n/a
Provisions: n/a n/a n/a n/a n/a
Other Non-Current Liabilities: n/a n/a n/a n/a n/a
  0.21 n/a 0.03 0.10 n/a
Other Liabilities: n/a n/a n/a n/a n/a
Total Liabilities: 4.95 4.36 4.17 3.64 n/a
Net Assets: 0.32 0.02 0.64 1.08 n/a
Capital & reserves:   
Share Capital: 4.57 4.16 4.16 4.16 n/a
Share Premium Account: 1.48 1.40 1.40 1.40 n/a
Other Reserves: 13.77 14.35 14.35 14.35 n/a
Retained Earnings: (19.50) (19.89) (19.28) (18.84) n/a
Shareholders Funds: 0.32 0.02 0.64 1.08 n/a
Minority Interests / Other Equity: n/a n/a n/a n/a n/a
Total Equity: 0.32 0.02 0.64 1.08 n/a

a. Includes discontinued activities
b. Including assets due in more than one year
c. Not disclosed under IFRS
d. Total fixed assets
e. Includes borrowings

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. Financials provided by Digital Look Ltd.

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'.