Things I'd like to know.
1. What was Super Phone and who were it officers and directors. Another Wettreich failure? It did trade on the BB back in 1996 according to the following article.
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Companies and Finance: UK: Firecrest gets US listing: News Digest
100% match; Financial Times ; 10-Dec-1996 12:00:00 am ; 208 words
Firecrest gets US listing
Firecrest, the first company to be delisted from the Alternative Investment Market, yesterday announced it was gaining a US listing via a reverse takeover by Super Phone, a shell company listed on the Bulletin board. Mr Malcolm Evans, managing director of the advertising and Internet products group, said shareholders would receive one new Super Phone share for every two Firecrest shares. At yesterday's Dollars 2 1/4 opening price for Super Phone, the deal valued Firecrest at Pounds 16.1m, a premium of 54 per cent over the value prevailing when it was suspended from Aim on August 30. Michael Lindemann
Copyright © The Financial Times Limited
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2. What became of Netex, a subsidiary Firecrest had 50% interest in and who owned the other 50%? Let's see, Meteor hands back the Interent Transphone rights to Firecrest and Firecrest hands over the rights to Camelot's Digiphone to Meteor. As part of the transaction, Firecrest got some Convertible Stock from Meteor. Not to worry though, by October, 1996 Firecrest sold those to Wettreich.
What a tangled web these guys set up. Jeff
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Firecrest Group PLC - Acquisition of Interest, etc
100% match; RNS ; 06-Sep-1996 05:59:00 pm ; 230 words
FIRECREST GROUP PLC
------------------------------------------------------
FIRECREST GROUP PLC
("Firecrest" or the "Company")
ACQUISITION OF GERMAN, AUSTRIAN AND SWISS DISTRIBUTION
RIGHTS FOR INTERNET TRANSPHONE
------------------------------------------------------
DISPOSAL OF RIGHTS TO DISTRIBUTE DIGIPHONE
On 2nd September 1996, Firecrest acquired from Meteor Technology Plc ("Meteor") the right to distribute the Internet Transphone in Germany, Austria and Switzerland for nil consideration.
Separately, Firecrest disposed of the rights to distribute the Digiphone internet telephony software for the UK and Eire markets to Meteor. The consideration for this disposal is #304,000 of 5% loan stock convertible 45 days after issue into 800,000 new ordinary shares of 1p each in Meteor. The new ordinary shares when issued will represent approximately 1.2% of the enlarged issued share capital of Meteor. Firecrest has agreed to certain restrictions in regard to the disposal of the new ordinary share.
"The acquisition of the German, Austrian and Swiss rights to the Internet Transphone technology will enable Firecrest, together with its 50% owned associate company Netex Network Communications Corporation Incorporated of the USA, to comprehensively market the Internet Transphone throughout the world in a focused and co-ordinated manner" said Roy Capper, Chief Executive of Firecrest.
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For further information, please contact Roy Capper, Firecrest Group
No 0171 409 1209
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Global Archive / Full Articles
34. Companies and Finance: UK: Weekend Sharewatch: Inspectors from the Department of Trade and Industry
47. Brancote Holdings - Holding in Company
61. Firecrest Group PLC - Doc re Recommended Offer
65. Companies and Finance: UK: Firecrest gets US listing: News Digest
129. Companies: Aim
132. Meteor Technology - Director's Shareholding
135. FTSE Actuaries - Re Firecrest Group PLC
137. AIM - Notice (272)
138. Firecrest Group PLC - Stmt. re AIM Delisting, etc.
139. Firecrest Group PLC - Statement Re Possible Offer
161. Firecrest Group PLC - Acquisition of Interest, etc
162. Takeover Panel - Disclosure Table-Replacement
168. Meteor Technology - Acqn from Firecrest Grp, etc
175. Firecrest Group PLC - Talks re Possible Offer
176. Firecrest Group PLC - Holding in Company
179. Firecrest Group PLC - Stmt. re Adviser and Broker
181. Firecrest Group PLC - Holding in Company
182. Firecrest Group PLC - Disposal Completed
Companies and Finance: UK: Weekend Sharewatch: Inspectors from the Department of Trade and Industry
100% match; Financial Times ; 03-Feb-1997 12:00:00 am ; 194 words
* Inspectors from the Department of Trade and Industry have seized documents from Firecrest, the Internet and advertising group which became the first company to be delisted from the Alternative Investment Market last October.
The DTI declined to comment on a report in Sunday Business which said that inspectors had visited Firecrest's west London headquarters. However, the documents seized are believed to cover Firecrest's reverse, all-paper takeover of Super Phone, a shell company in the US. The takeover will give Firecrest a listing on the Bulletin board, an alternative investment market in the US.
Copyright © The Financial Times Limited
[ Back to top ]
Brancote Holdings - Holding in Company
96% match; RNS ; 20-Dec-1996 11:14:00 am ; 225 words
BRANCOTE HOLDINGS PLC
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DEALINGS BY SUBSTANTIAL SHAREHOLDERS
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1) NAME OF COMPANY
BRANCOTE HOLDINGS PLC
2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
FIRECREST INVESTMENT LIMITED
3) Please state whether notification indicates that it is in respect of holding of the Shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18
AS (2)
4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them.
BANK OF SCOTLAND LONDON NOMINEES
5) Number of shares/amount of stock acquired.
700,000
6) (4.06%) of issued Class
7) Number of shares/amount of stock disposed
N/A
8) (N/A %) of issued Class
9) Class of security
ORDINARY SHARES OF 5P
10) Date of transaction
17.12.96
11) Date company informed
19.12.96
12) Total holding following this notification
700,000
13) Total percentage holding of issued class following this notification
4.06
14) Any additional information
N/A
15) Name of contact and telephone number for queries
JOHN MUMFORD
16) Name and signature of authorised company official responsible for making this notification
RICHARD PRICKETT
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Date of Notification ....20TH DECEMBER 1996
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London Stock Exchange Regulatory News Service All Material Subject to Copyright
[ Back to top ]
Firecrest Group PLC - Doc re Recommended Offer
100% match; RNS ; 11-Dec-1996 11:50:00 am ; 75 words
FIRECREST GROUP PLC
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DOCUMENT RE: RECOMMENDED OFFER BY KEITH, BAYLEY, ROGERS & CO. ("KBR") ON
BEHALF
SUPER PHONE INTERNATIONAL INC ("SUPER PHONE") FOR FIRECREST
PLC
GROUP PLC ("FIRECREST")
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TEXT OF THE ANNOUNCEMENT DATED 9-12-96
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A copy of the above is available for inspection from the Company Announcements office of the Stock Exchange, London.
London Stock Exchange Regulatory News Service All Material Subject to Copyright
[ Back to top ]
Companies and Finance: UK: Firecrest gets US listing: News Digest
100% match; Financial Times ; 10-Dec-1996 12:00:00 am ; 208 words
Firecrest gets US listing
Firecrest, the first company to be delisted from the Alternative Investment Market, yesterday announced it was gaining a US listing via a reverse takeover by Super Phone, a shell company listed on the Bulletin board. Mr Malcolm Evans, managing director of the advertising and Internet products group, said shareholders would receive one new Super Phone share for every two Firecrest shares. At yesterday's Dollars 2 1/4 opening price for Super Phone, the deal valued Firecrest at Pounds 16.1m, a premium of 54 per cent over the value prevailing when it was suspended from Aim on August 30. Michael Lindemann
Copyright © The Financial Times Limited
[ Back to top ]
Companies: Aim
100% match; ; 05-Oct-1996 12:00:00 am ; 374 words
Interest in the Alternative Investment Market focused this week on the uncertain future for Firecrest, an advertising and Internet products group which has become the first member of the junior market to be de-listed, writes Tim Burt.
Firecrest was expelled after failing to appoint a replacement for Singer & Friedlander, which resigned as its financial adviser last month. Singer & Friedlander was said to be unhappy at its lack of communication with Firecrest. Shares in the company were suspended at 44 1/2p in September, having been placed at 35p last year and rising to 212p at one stage. Firecrest said its attention had been diverted by the prospect of merger talks (the name of the prospective partner has not been revealed as yet). In the event of these failing, the company has vowed to seek membership of Ofex, the unregulated dealing facility. Trading started this week in Eurasia Mining following the placing of 939,000 shares at a price of 310p. The company said it was planning now to begin evaluating projects in the Urals region. T.Hoare & Co acted as broker on the placing. A new company, Mondas Group, also has announced plans to come to Aim this autumn through a Pounds 1.5m placing. The company, advised by John East & Partners, has developed an innovative software product for building control systems which, it believes, has applications for purchasing, sales management and investment transactions.
Following the flotation, Mondas is expected to be valued at Pounds 4m to Pounds 5m.
Copyright © The Financial Times Limited
[ Back to top ]
Meteor Technology - Director's Shareholding
94% match; RNS ; 03-Oct-1996 03:47:00 pm ; 265 words
METEOR TECHNOLOGY PLC
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METEOR TECHNOLOGY PLC
("THE COMPANY" or "METEOR")
Meteor Chief Executive increases his investment in Meteor
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Meteor has been notified that today Mr Danny Wettreich, Chairman & Chief Executive of Meteor, has acquired in an off market transaction 500,000 ordinary shares in the company for 15p per share for a total consideration of #75,000. The shares were acquired from Beller & Co. The ordinary shares represent approximately 0.7% of the issued ordinary share capital.
In a separate transaction, Mr Wettreich has also acquired in an off market transaction #304,000 nominal amount of 5% Convertible Unsecured Loan Stock 1996 in the Company from Firecrest Group plc. The loan stock was purchased for #120,000. The loan stock is convertible on or after 14th October 1996 into 800,000 ordinary shares at 1p each in Meteor. These shares when issued represent approximately 1.1% of the enlarged issued shared capital of Meteor.
Application will be made for admission of the new ordinary shares to the Alternative Investment Market of the London Stock Exchange.
As a result of these transactions Beller & Co, and Firecrest Group plc, no longer have any interest in Meteor.
Upon conversion of the Loan Stock, these purchases bring Mr Wettreich's total holding in Meteor to 39,772,988 ordinary shares representing approximately 57.8% of the enlarged issued share capital of Meteor.
For further information, please contact:
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Danny Wettreich Mark Herbert
Chairman & Chief Executive Lowe Bell
Meteor Technology plc 0171 353 9203
0171 935 5996
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