Glenn, since it seems impossible to make any sense from UPTICK's posts, perhaps the following will help in trying to figure out if Wettreich still has any interest in Firecrest/XSNI.
First, from the London Stock Exchange regulatory news service from 08/28/96. According to this, Camelot disposed of its entire shareholding in Firecrest as of 08/23/96.
Second, from the same news service on 09/02/96. Wettreich's Meteor Technology and Firecrest end any ties between the two companies.
Jeff
<<
Firecrest Group PLC - Holding in Company
100% match; RNS ; 28-Aug-1996 09:41:00 am ; 107 words
FIRECREST GROUP PLC
FIRECREST GROUP PLC ("The Company") On 23rd August 1996, the Company received notice that Camelot Corporation has disposed of its entire shareholding in Firecrest Group Plc and therefore no longer has a disclosable interest in the Company.
As at 29th March 1996 Camelot Corporation was interested in 2,256,456 (10.5%) ordinary shares in the Company under its own name and that of N Y Nominees. These shares were disposed of in more than one transaction and details have been requested.
Issued on 27th August 1996
London Stock Exchange Regulatory News Service All Material Subject to Copyright
<<
Meteor Technology - Acqn from Firecrest Grp, etc
100% match; RNS ; 02-Sep-1996 09:32:00 am ; 397 words
METEOR TECHNOLOGY PLC
------------------------------------------
METEOR TECHNOLOGY PLC
------------------------------------------
Acquisition of UK and Eire Distribution Rights for DigiPhone Internet Telephony Software
---------------------------------------------------------
Ongoing relationship with Firecrest Group PLC ended
---------------------------------------------------------
Meteor Technology PLC ("Meteor") has today acquired from Firecrest Group PLC ("Firecrest") the rights to distribute the revolutionary DigiPhone internet telephony software to the UK and Eire markets ("the Acquisition"). Separately, Meteor has surrendered the distribution rights for Firecrest's Internet Transphone technology to Firecrest and ended any ongoing relationship between the two companies.
DigiPhone allows long distance calls to be made on the internet for the cost of an internet connection and, where applicable, a local call. The move follows Meteor's acquisition of the DigiPhone distribution rights for the rest of Europe in August and forms part of the company's strategy to focus on internet telephony, software distribution and payphone markets.
The acquisition is pursuant to a conditional Agreement ("the Agreement") entered into by Meteor and Firecrest on 29 August 1996. A condition of the Agreement was the execution of a Deed of Novation by Camelot Corporation, a US Public Company and the original developer of DigiPhone. This condition was satisfied today.
The consideration for the Acquisition is #304,000 of 5% Loan Stock convertible in 45 days after issue into 800,000 new ordinary shares of 1p each in Meteor. The new ordinary shares when issued represent approximately 1.2% of the enlarged issued share capital of Meteor. Firecrest has agreed to certain restrictions in regard to the disposal of any new ordinary shares.
"The acquisition of the DigiPhone UK and Eire rights will enable Meteor to comprehensively market DigiPhone throughout Europe in a focused and coordinated manner. It reflects our determination to build a significant and successful business in the internet telephony, payphone and software markets," said Danny Wettreich, Chairman and Chief Executive of Meteor.
Application will be made for admission of the new ordinary shares to the Alternative Investment Market of the London Stock Exchange.
A copy of this Press Release has been sent to all shareholders and warrant holders.
For further information please contact:
--------------------------------------------------------------
Colin Grant, Finance Director
Meteor Technology PLC 0171 935 5996
Keith Smith
Gerrard Vivian Gray 0171 831 8883
Bob Gregory
Lowe Bell Financial 0171 353 9203
--------------------------------------------------------------
London Stock Exchange Regulatory News Service All Material Subject to Copyright
|
