The company will deliver a Virgin Money instance of the 9Spokes platform comprising Track, Connect and Explore for the bank’s SMB customers, as well as.
The value receivable by a solvent winding-up would be substantially higher than the offer. A WAFR development
Walls& Futures (LON:WAFR) has said it will give shareholders a vote on whether to wind the business up if they turn down the takeover offer from Virgata.
In a formal response to the 50p per share Virgata offer, the board of the specialist social housing (SSH) group again rejected the bid and said compared to a net asset value of 102p per share it significantly undervalued the business.
The REIT’s property assets are worth £3.2mln on the open market, it added, compared to the £1.2mln implied by the offer.
Salt Lake Potash updates on progress at Lake Way project
The company said a processing plant at the site is 97% complete at the end of the first quarter of 2021
Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) (OTCMKTS:WHELF) (FRA:W1D) updated investors in a quarterly report for the period to March 31 as it focused on completing the development of the Lake Way sulphate of potash (SOP) project in Western Australia.
The company said commissioning of a process plant commenced in March with the introduction of first harvest salts to the front end of the plant. At the end of the quarter, it said the plant was 97% complete on an earned value basis, including engineering which is 99% complete, procurement 99% complete and construction 90% complete. The firm added that the first SOP product is expected during the June quarter.