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Ultra Electronics (ULE)
Posted: July 23rd, 2021, 11:31 am
by kempiejon
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
Re: Ultra Electronics (ULE)
Posted: June 24th, 2022, 10:39 am
by Watis
Re: Ultra Electronics (ULE)
Posted: June 24th, 2022, 2:00 pm
by kempiejon
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.
Re: Ultra Electronics (ULE)
Posted: June 24th, 2022, 3:27 pm
by Watis
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!
Watis
Re: Ultra Electronics (ULE)
Posted: August 1st, 2022, 12:24 pm
by kempiejon
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.