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hi, how.about your vard share ?
i also.hv some.on hand
ly1968 ( Date: 29-Nov-2018 23:15) Posted:
Any guru' s can help,thks
ly1968 ( Date: 29-Nov-2018 20:06) Posted:
| Hi guys need help,since this share is already delisted but i still have 10lots on hand.So will i lose all my shares or will i be getting my money back from them at a later date,thks |
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This was a story of big fish eat small fishes
i hv some share, still can sell now ?
Oh ok thks alot,i hv alrd receives the cert,think i will wait & see how,cheers :)
leeteo ( Date: 30-Nov-2018 15:55) Posted:
Yes, don' t know why the link can' t be opened. U can go to SGX' s Announcement webpage and search for Vard' s announcement on 30 Oct 2018 under the title " General Announcement: RIGHTS OF SHAREHOLDERS UNDER SECTION 215(3) OF THE COMPANIES ACT" .
If ur shares are under ur CDP account, then Vard would hv sent u ur share certificate by now. If ur shares are under a custodian account, then the bank or brokerage will keep the certificate for u. U will need to call the bank/brokerage to find out how to proceed from there.
Yes, u can choose to keep ur shares. Company' s name is still Vard Holdings. For future corporate actions, Vard will contact u directly (CDP acct) or through the bank/brokerage for custodian acct.
ly1968 ( Date: 30-Nov-2018 15:06) Posted:
Thks for ur reply but this link is not working - http://infopub.sgx.com/FileOpen/Section%20215-3%20Announcement.ashx?App=Announcement& FileID=531490
So if i want to keep it also can ? But how will i know which company it will be name,tia |
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Yes, don' t know why the link can' t be opened. U can go to SGX' s Announcement webpage and search for Vard' s announcement on 30 Oct 2018 under the title " General Announcement: RIGHTS OF SHAREHOLDERS UNDER SECTION 215(3) OF THE COMPANIES ACT" .
If ur shares are under ur CDP account, then Vard would hv sent u ur share certificate by now. If ur shares are under a custodian account, then the bank or brokerage will keep the certificate for u. U will need to call the bank/brokerage to find out how to proceed from there.
Yes, u can choose to keep ur shares. Company' s name is still Vard Holdings. For future corporate actions, Vard will contact u directly (CDP acct) or through the bank/brokerage for custodian acct.
ly1968 ( Date: 30-Nov-2018 15:06) Posted:
Thks for ur reply but this link is not working - http://infopub.sgx.com/FileOpen/Section%20215-3%20Announcement.ashx?App=Announcement& FileID=531490
So if i want to keep it also can ? But how will i know which company it will be name,tia
leeteo ( Date: 30-Nov-2018 11:32) Posted:
U still hv till 7 Dec 2018 to accept the $0.25 offer from Vard. See : http://infopub.sgx.com/FileOpen/Section%20215-3%20Announcement.ashx?App=Announcement& FileID=531490.
But if u decide to keep the shares for potentially higher returns in the future, u can consider joining this Telegram group chat of Vard shareholders for a start: https://t.me/vardsg. Thereafter, u will be invited to join another inclusive Telegram group chat after u show proof of ur Vard shareholdings |
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Thks for ur reply but this link is not working -
http://infopub.sgx.com/FileOpen/Section%20215-3%20Announcement.ashx?App=Announcement& FileID=531490
So if i want to keep it also can ? But how will i know which company it will be name,tialeeteo ( Date: 30-Nov-2018 11:32) Posted:
U still hv till 7 Dec 2018 to accept the $0.25 offer from Vard. See : http://infopub.sgx.com/FileOpen/Section%20215-3%20Announcement.ashx?App=Announcement& FileID=531490.
But if u decide to keep the shares for potentially higher returns in the future, u can consider joining this Telegram group chat of Vard shareholders for a start: https://t.me/vardsg. Thereafter, u will be invited to join another inclusive Telegram group chat after u show proof of ur Vard shareholdings.
ly1968 ( Date: 29-Nov-2018 20:06) Posted:
| Hi guys need help,since this share is already delisted but i still have 10lots on hand.So will i lose all my shares or will i be getting my money back from them at a later date,thks |
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Thks for ur reply but how do i know which is the private company ? And how to sell it off if i want to,tia
ST6699 ( Date: 30-Nov-2018 09:52) Posted:
| you are now shareholder of a private company. you can approach the company to sell your shares back to them or to those who are still holding the shares after delisting (awaiting for a better offer from the company or for it to get listed again). |
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It' s good to see retail shareholders cooperating together to oppose evil controlling shareholders of companies.
Too many stocks in SGX have been taking small shareholders for a ride for too long.
U still hv till 7 Dec 2018 to accept the $0.25 offer from Vard. See : http://infopub.sgx.com/FileOpen/Section%20215-3%20Announcement.ashx?App=Announcement& FileID=531490.
But if u decide to keep the shares for potentially higher returns in the future, u can consider joining this Telegram group chat of Vard shareholders for a start: https://t.me/vardsg. Thereafter, u will be invited to join another inclusive Telegram group chat after u show proof of ur Vard shareholdings.
ly1968 ( Date: 29-Nov-2018 20:06) Posted:
| Hi guys need help,since this share is already delisted but i still have 10lots on hand.So will i lose all my shares or will i be getting my money back from them at a later date,thks |
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you are now shareholder of a private company. you can approach the company to sell your shares back to them or to those who are still holding the shares after delisting (awaiting for a better offer from the company or for it to get listed again).
Any guru' s can help,thks
ly1968 ( Date: 29-Nov-2018 20:06) Posted:
| Hi guys need help,since this share is already delisted but i still have 10lots on hand.So will i lose all my shares or will i be getting my money back from them at a later date,thks |
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Hi guys need help,since this share is already delisted but i still have 10lots on hand.So will i lose all my shares or will i be getting my money back from them at a later date,thks
Given a second chance, die-hard Vard shareholders must come out to vote
https://www.businesstimes.com.sg/companies-markets/given-a-second-chance-die-hard-vard-shareholders-must-come-out-to-vote
Every vote counts !
rabbitfoot ( Date: 13-Jul-2018 16:54) Posted:
vard holders do take note and send now
rabbitfoot ( Date: 12-Jul-2018 11:23) Posted:
| If cant attend EGM, send your Proxy form now by putting in " Chairman of the meeting" as your proxy to votte " NO" . The NRIC and Address of Proxy can leave as Blank. Send your form ASAP |
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Last chance to send proxy form now
rabbitfoot ( Date: 12-Jul-2018 11:23) Posted:
| If cant attend EGM, send your Proxy form now by putting in " Chairman of the meeting" as your proxy to votte " NO" . The NRIC and Address of Proxy can leave as Blank. Send your form ASAP |
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$2 coin is very valuable, like Vard shares!😆
investshare ( Date: 12-Jul-2018 13:11) Posted:
A $2 coin?
BillionX ( Date: 11-May-2018 10:12) Posted:
| I picked up a $2 coin today along Bukit Batok Road. It got me thinking. This $2 is worth 8 Vard shares! This is the price Fincanteri/Vard wants to buy your shares. How pathetic and cheap can they go.This is an insult to all minority shareholders. Most of us bought into the Vard story at prices above $1.00 . Just when Vard has seen improved earnings it wants to delist at a ridiculous price of 0.25 cents. To all shareholders I ask you to VOTE NO at the next EGM (to be announced). If you have accepted the offer YOU CAN NOW WITHDRAW IT. Please do so immediately and attend the EGM to vote no. You can stop Vard from being delisted. |
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Vard holders, send proxy form now
rabbitfoot ( Date: 12-Jul-2018 11:23) Posted:
| If cant attend EGM, send your Proxy form now by putting in " Chairman of the meeting" as your proxy to votte " NO" . The NRIC and Address of Proxy can leave as Blank. Send your form ASAP |
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When they did the $1.22 general offer eons ago, I sold a majority of my korean STX OSV shares to them as I thought the price was fair and reasonable, but kept some back because I thought these Norwegians still had some potential in the future.
I still think it has potential now so I won' t be accepting the 25 cents. I am pretty sure they can get it delisted from SGX but I doubt they can hit the threshold to force a compulsory acquisition. Who knows, maybe this Vard will end up like Aztech? Delist at 42 cents last year, this year issued a 30 cents interim dividend to shareholders.
hotelgrand ( Date: 13-Jul-2018 23:42) Posted:
Post proposed delisting..Vard secured a few big contracts..Italian co take advantage of minority want to own whole company at a song..previously they bought from market for $1.20 why want shareholders to sell at 25cts now..shareholders should not be stupid to accept such ridiculous offer.
BillionX ( Date: 11-May-2018 10:12) Posted:
| I picked up a $2 coin today along Bukit Batok Road. It got me thinking. This $2 is worth 8 Vard shares! This is the price Fincanteri/Vard wants to buy your shares. How pathetic and cheap can they go.This is an insult to all minority shareholders. Most of us bought into the Vard story at prices above $1.00 . Just when Vard has seen improved earnings it wants to delist at a ridiculous price of 0.25 cents. To all shareholders I ask you to VOTE NO at the next EGM (to be announced). If you have accepted the offer YOU CAN NOW WITHDRAW IT. Please do so immediately and attend the EGM to vote no. You can stop Vard from being delisted. |
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SHIPBUILDER Vard Holdings has clinched a contract to build three coast guard vessels for the Norwegian Defence Materiel Agency (NDMA) for more than 5 billion Norwegian kroner (S$839 million), it announced on Monday afternoon.
The Norwegian Government had originally announced plans for the construction of the three vessels in September 2016. Following a review of offers from three competing yards, Vard Langsten was selected to continue negotiations in October 2017. The investments were approved by the Norwegian Parliament in the beginning of June 2018, with final negotiations complete in the following weeks.
The new tailor-made vessels, which will replace the current Nordkapp-class coast guard ships, will be developed for worldwide operations in all weather and sea conditions, both inshore and offshore. Specially designed to withstand operations in demanding arctic areas, they will have ice-strengthened hull and iceclass notation.
With a length of 136 metres and a beam of 22 metres, the vessels feature strong ocean-going capacities for long-distance transits, search-and-rescue operations, surveillance, and oil recovery, said Vard.
NDMA Director General, Ms Mette Sorfonden, said: &ldquo Due to national security interests, the Norwegian Government decided that the competition should be restricted to Norwegian yards only. Vard Group with its Vard Langsten yard was the provider that overallsatisfied the defined requirements for solution and the Navy and the Coast Guard&rsquo s needs in the best manner.&rdquo
SEE ALSO: Vard delays EGM on proposed delisting
Deliveries of the three vessels are scheduled from Vard Langsten in Norway in the first quarters of 2022, 2023 and 2024 respectively. The hulls will be built at Vard Tulcea in Romania.
Vard said that " the effectiveness of the contract is subject to certain conditions being lifted." It did not elaborate on what those condiitons are.
The contract is not expected to have any material impact on the earnings per share or the net tangible assets per share ofthe company for the current financial year, it added.
Shares of Vard, the target of a takeover by Italy&rsquo s Fincantieri, were trading unchanged at 25 Singapore cents as of 4:20pm.
Fincantieri, which has amassed a more than 80 per cent stake in Vard, has made an offer to buy the remaining shares at 25 Singapore cents apiece and take the company private.
Over the weekend, Vard announced it will delay an extraordinary general meeting on its proposed delisting, as the updated delisting circular is still being reviewed by bourse regulators.
hotelgrand ( Date: 13-Jul-2018 23:42) Posted:
Post proposed delisting..Vard secured a few big contracts..Italian co take advantage of minority want to own whole company at a song..previously they bought from market for $1.20 why want shareholders to sell at 25cts now..shareholders should not be stupid to accept such ridiculous offer.
BillionX ( Date: 11-May-2018 10:12) Posted:
| I picked up a $2 coin today along Bukit Batok Road. It got me thinking. This $2 is worth 8 Vard shares! This is the price Fincanteri/Vard wants to buy your shares. How pathetic and cheap can they go.This is an insult to all minority shareholders. Most of us bought into the Vard story at prices above $1.00 . Just when Vard has seen improved earnings it wants to delist at a ridiculous price of 0.25 cents. To all shareholders I ask you to VOTE NO at the next EGM (to be announced). If you have accepted the offer YOU CAN NOW WITHDRAW IT. Please do so immediately and attend the EGM to vote no. You can stop Vard from being delisted. |
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Post proposed delisting..Vard secured a few big contracts..Italian co take advantage of minority want to own whole company at a song..previously they bought from market for $1.20 why want shareholders to sell at 25cts now..shareholders should not be stupid to accept such ridiculous offer.
BillionX ( Date: 11-May-2018 10:12) Posted:
| I picked up a $2 coin today along Bukit Batok Road. It got me thinking. This $2 is worth 8 Vard shares! This is the price Fincanteri/Vard wants to buy your shares. How pathetic and cheap can they go.This is an insult to all minority shareholders. Most of us bought into the Vard story at prices above $1.00 . Just when Vard has seen improved earnings it wants to delist at a ridiculous price of 0.25 cents. To all shareholders I ask you to VOTE NO at the next EGM (to be announced). If you have accepted the offer YOU CAN NOW WITHDRAW IT. Please do so immediately and attend the EGM to vote no. You can stop Vard from being delisted. |
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