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Phorm Ownership.
Moderators: Jim Murray, narcosis, felixcatuk, Sammy, revrob
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felixcatuk
Sat Nov 12 2011, 11:36AM
felixcatuk


Registered Member #95
Joined: Wed Mar 05 2008, 12:03AM
Posts: 2593

We usually keep investment/finance data off badphorm, as a rule. But there is currently something very odd & worth recording about their current ownership details.

Recap... the scores on the doors used to be...

As of 7 March, 2011, so far as the Company is aware, the following shareholdings hold 3% or more of the common share capital of the Company:

Kent Ertugrul 14.0%
Blackrock Investment Management 13.2%
Standard Life 4.6%
Amundi Asset Management 4.3%
Charles Stanley 4.3%
Goldman Sachs Managed Funds 3.7%
Gestrust SA 3.4%
Jarvis Investment Management 3.2%

Fast forward to today, after the rights issue, placing, and loan repayments... the issue of tens of millions of shares, the scores on the doors are now...

As of 11 November, 2011, so far as the Company is aware, the following shareholdings hold 3% or more of the common share capital of the Company:

Kent Ertugrul 14.0% [NO CHANGE]
Blackrock Investment Management 13.2% [NO CHANGE]
Standard Life 4.6% [NO CHANGE]
Amundi Asset Management 4.3% [NO CHANGE]
Charles Stanley 4.3% [NO CHANGE]
Goldman Sachs Managed Funds 3.7% [NO CHANGE]
Gestrust SA 3.4% [NO CHANGE]
Jarvis Investment Management 3.2% [NO CHANGE]


Which seems a bit, surprising.
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Gordon
Tue Nov 15 2011, 01:13AM
Registered Member #287
Joined: Thu Apr 03 2008, 09:06PM
Posts: 379

I confess that the intricacies of the world of high-as-a-kite finance baffle me (I don't even have Open Orifice Blonde Edition, just a note book with two columns, "In" and "Out"), but even to my mathematically challenged mind, it does seem highly unlikely that *all* of the companies involved would have bought *exactly* the same percentage of the new shares as they already held of the old ones.

I got totally lost trying to keep track of that side of it on iii - but I wonder if we have some piggey-jokery with the different versions of "the company"?

Was the result of all the playing around maybe that "Phorm UK" (or whatever), as opposed to "Phorm Inc" (or whatever) was unchanged in it's total shares amount because of things like worthless loan notes being switched to the other side of the business?


[ Edited Tue Nov 15 2011, 01:16AM ]
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