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Another deadline arrives and it is yet again missed. How long can the long running farce of the takeover of Old Mother Worthington (WRN) continue?
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Comments
CONglomerate
The following need answering though:
Why would Nuna buy Worthington Group? What exactly does it bring to the table? This is a company when you strip out the bogus £10m claim, has negative equity of £5 million. It hasn’t produced a set of AUDITED accounts since September 2013. Along with the allegations of fraud from websites such as this and towards staff and major current and previous shareholders etc.
Why wouldn’t Patrick Newman through GMM or his Nanoq Gold/Resources enterprise just fund/purchase Nuna on its own? Bearing in mind, Josh Hughes is an ex-Nuna employee. Thus avoiding the mess of Worthington and it’s baggage”
Darren Chapman
Making it up as they go along, Aidan Earley and his sister Kirsten Forbes. Who the f**k is Darren Chapman and how can the Greenland Self Government ever trust the joke Worthington clown BOD and fraudsters to meet the filing, reporting and transparency expectations of a company partly owned by the people of Greenland?????????
RNS Number : 6571F
Worthington Group PLC
13 November 2015
FORM 8 (OPD)
AMENDMENT – CHANGE TO SECTION 3 AND SUPPLEMENTAL TABLE
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the “Code”)
Olympus Trading Group Ltd, Trident Chambers, Capital City Building, PO Box 1388, Victoria, Mahe, Seychelles, owner of relevant securities, Controlled by Ms Kirsten Forbes, sister in law of Aidan Earley – Short positions:
Stock-settled derivatives (including options) and agreements to purchase/sell:
1,907,797
(7.63%)
Mr Wulstan Earley, director of Renatus Capital Ltd, owner of relevant securities, the company is owned and controlled by Wulstan Earley, brother to Aidan Earley – Short positions:
Stock-settled derivatives (including options) and agreements to purchase/sell:
1,907,797
(7.63%)
Full details should be given so that the nature of the interest or position can be fully understood:
“The Olympus Trading Group Limited has agreed to take over responsibility for fulfilling contracts for difference agreements previously entered into by Liberty Capital Markets Limited (dissolved) and Oriental Capital Investment Limited (dissolved) with Darren Chapman in 2011 to 2013.
Under the terms of the initial agreements made between Darren Chapman and Liberty Capital Markets Limited and Oriental Capital Investment Limited Darren Chapman had the option to call upon 2,909,926 ordinary WRN shares for a price between 5p and 10p. As at September 2014 Darren Chapman had called upon 1,002,139 of these shares and by February 2015 he had sold on this holding.
As a result of the revised agreement Darren Chapman has the option to call on 1,907,797 ordinary WRN shares for a price between 5p and 10p. Theses share would be delivered from the WRN holding currently held by Renatus Capital Limited.
Whilst the arrangement disclosed has not been legally formalised the parties involved consider the arrangement disclosed to be the accurate state of affairs as at the date of this announcement and that this arrangement came into being upon the dissolution of Liberty Capital Markets Limited and Oriental Capital Investment Limited in October 2014.”