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Marks and Spencer Group PLC (MKS)

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Breelander
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Re: Marks and Spencer Group PLC (MKS)

#221398

Postby Breelander » May 13th, 2019, 8:09 pm

Bouleversee wrote:
Breelander wrote:In preparation for proposed the Right Issue, M&S have just sent an email announcement to all shareholders...


Really? I don't know how they'll manage that. One of my holdings is certificated and they don't have my email address and the other is in my IWeb ISA...


Some of my MKS is certificated. I manage all my certificated holdings online, in the case of MKS by having registered with Equiniti Shareview. That's how they had my email address.
https://www.shareview.co.uk/4/Info/Port ... folio.aspx

No doubt a letter is on its way by snail-mail to the certificated shareholders for whom they don't have an email address.

Bouleversee
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Re: Marks and Spencer Group PLC (MKS)

#221400

Postby Bouleversee » May 13th, 2019, 8:16 pm

Thanks, Bree. One of the many things I should get round to but probably never will.

idpickering
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Re: Marks and Spencer Group PLC (MKS)

#223557

Postby idpickering » May 22nd, 2019, 7:20 am


idpickering
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Re: Marks and Spencer Group PLC (MKS)

#223854

Postby idpickering » May 23rd, 2019, 7:41 am

This from TMF written by Roland Head;

The Marks & Spencer share price: what I’d do now

The Marks and Spencer Group (LSE: MKS) share price is down by 8% as I write after the retailer issued a set of results showing its turnaround is still very much a work in progress.

Investors may also be reacting to news that the £600m share issue needed to help fund its deal with online retailer Ocado has been priced at a fairly big discount. Here, I’ll explain what this means and give my view on this high street stalwart.


https://www.fool.co.uk/investing/2019/0 ... id-do-now/

Breelander
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Re: Marks and Spencer Group PLC (MKS)

#229175

Postby Breelander » June 13th, 2019, 11:35 am

Results of Rights Issue

..The Company received valid acceptances in respect of 276,740,713 New Ordinary Shares, representing approximately 85.14 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue...
https://www.investegate.co.uk/marks---3 ... 00130400C/

Results of Rump Placing

...Underwriters, have procured subscribers for all of the 48,269,255 New Ordinary Shares for which valid acceptances were not received, representing approximately 14.86 per cent. of the New Ordinary Shares, at a price of 211 pence per New Ordinary Share...

...The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 185 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT which are not recoverable) will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue...
https://www.investegate.co.uk/marks---3 ... 58091056C/


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