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Atlas Development Interim 2014 loss $ 5.8M
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Pesa Nane wrote:Quote:The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)
PROPOSED PRIVATE PLACEMENT OF SHARES
The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).
The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.
The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.
The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.
BY ORDER OF THE BOARD Breezer The titanic  I see what you did there  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Avoid these cowboy listings at all costs. Remember African Lakes Corporation, another Bonoko English company that came, excited Tech investors then left them high and dry? Avoid at all costs Life is short. Live passionately.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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kysse wrote:Sawa tu.I lost usd 143.00 for some documentation which I did for these guys.If you are reading this Atlas you know who I am.
So little the amount you didnt even put me in your list after promising to pay for months. I forgive you.
That Ethiopian project,I did some work on it.I will just wait for the outcome and come knocking after rebranding.
Thugs. So many businesses have lost money here. The kind of shameless looting in that place by the Brits would make our Cianos look like angels
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:PRIVATE PLACEMENT OF SHARES
Further to the public announcement issued on 16 February, 2016, the Board of the Company is pleased to announce that the shareholders in the Company approved the following resolutions at the general meeting held on 10 March, 2016:
(i) to authorise the directors of the Company to issue and allot up to 600,000,000 ordinary shares wholly for cash on a non-pre-emptive basis; and
(ii) to change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.
On 15 February, 2016, the Board of the Company approved, amongst others, the: (i) issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 United Kingdom pence per ordinary share; and (ii) listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange. The Placing Shares are proposed to be admitted on the AIM Market and the GEMS on or before 15 March, 2016 subject to receipt of relevant approvals.
BY ORDER OF THE BOARD
10 March, 2016 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Lolest! wrote:http://www.businessdailyafrica.com/Atlas-changes-name-after-raising-Sh500m-in-UK/-/539552/3115448/-/na5543/-/index.html These jungus know how to shaft us wanjukos Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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hisah wrote:Pesa Nane wrote:Quote:The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)
PROPOSED PRIVATE PLACEMENT OF SHARES
The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).
The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.
The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.
The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.
BY ORDER OF THE BOARD Breezer The titanic I see what you did there Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents? Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Fyatu wrote:hisah wrote:Pesa Nane wrote:Quote:The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)
PROPOSED PRIVATE PLACEMENT OF SHARES
The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).
The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.
The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.
The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.
BY ORDER OF THE BOARD Breezer The titanic I see what you did there Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents? Why would it be 30 cents on the NSE? [0.325p x 143/GBP] = 45 cents Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:Fyatu wrote:hisah wrote:Pesa Nane wrote:Quote:The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)
PROPOSED PRIVATE PLACEMENT OF SHARES
The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).
The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.
The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.
The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.
BY ORDER OF THE BOARD Breezer The titanic I see what you did there Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents? Why would it be 30 cents on the NSE? [0.325p x 143/GBP] = 45 cents Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:Fyatu wrote:hisah wrote:Pesa Nane wrote:Quote:The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)
PROPOSED PRIVATE PLACEMENT OF SHARES
The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).
The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.
The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.
The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.
BY ORDER OF THE BOARD Breezer The titanic I see what you did there Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents? Why would it be 30 cents on the NSE? [0.325p x 143/GBP] = 45 cents John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Atlas Development Interim 2014 loss $ 5.8M
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