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Ultra Electronics (ULE)

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kempiejon
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Ultra Electronics (ULE)

#429889

Postby kempiejon » July 23rd, 2021, 11:31 am

I see my holding in the subject is up about a third this morning on talks of a tie in with Cobham.
deets https://www.proactiveinvestors.co.uk/LO ... ns/1008662

Watis
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Re: Ultra Electronics (ULE)

#509193

Postby Watis » June 24th, 2022, 10:39 am

Looks like the takeover will be approved:

https://www.theguardian.com/business/20 ... e-approved

Watis

kempiejon
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Re: Ultra Electronics (ULE)

#509267

Postby kempiejon » June 24th, 2022, 2:00 pm

Well that's another fillip upwards - is that it? £35 per share cash offer, so forty pennies to go. I'll have another look but I'm minded to just let this transact naturally in my broker and wait for the money.

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Re: Ultra Electronics (ULE)

#509299

Postby Watis » June 24th, 2022, 3:27 pm

kempiejon wrote:Well that's another fillip upwards - is that it? £35 per share cash offer, so forty pennies to go. I'll have another look but I'm minded to just let this transact naturally in my broker and wait for the money.


That's likely to be the better option. I understand that profits from takeovers are exempt from CGT when one's shares are compulsorily purchased for cash.

And no dealing costs either!

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kempiejon
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Re: Ultra Electronics (ULE)

#518768

Postby kempiejon » August 1st, 2022, 12:24 pm

And I think that's about it. I see my shares have been suspended.
and The scheme of arrangment has become effective.
https://ir.q4europe.com/Solutions/Ultra ... d=15506648
inc this bit
Settlement of the cash consideration to which any Scheme Shareholder is entitled will be effected by way of the despatch of cheques or the crediting of CREST accounts (for Scheme Shareholders holding Scheme Shares in certificated form and in uncertificated form respectively) as soon as practicable and in any event not later than 14 days after the Effective Date, as set out in the Scheme Document.


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