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Post by a more piratey game on Sept 11, 2015 9:31:12 GMT
not sure how much of this might trickle down....
Big three broker Marsh has reached an agreement to buy mid-sized UK intermediary Jelf for 215p a share.
The acquisition values Jelf's existing issued and to be issued ordinary share capital at £204mn and the existing issued Jelf non-voting shares at £54mn.
The valuation is equivalent to a 42 percent premium to Jelf's 12 month-average share price of 152p and a 13 percent premium to the 190p six-month average share price.
Jelf's directors have unanimously voted in favour
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simonj
Archie Stevens
Joined: May 2014
Posts: 817 
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Post by simonj on Sept 11, 2015 10:01:06 GMT
Their share price was 260p a few years ago, sure Chris Jelf got some out at this level as well.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Sept 11, 2015 10:53:46 GMT
70% return for me in one year of holding, happy days.
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Post by Antonio Fargas on Sept 11, 2015 10:59:36 GMT
70% return for me in one year of holding, happy days. New director? |
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Sept 11, 2015 12:18:53 GMT
70% return for me in one year of holding, happy days. New director? No, I don't like to waste money |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 11, 2015 12:24:03 GMT
Dull News About Chris Jelf 2: The Sequel
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Post by pirate49 on Sept 11, 2015 13:53:10 GMT
Hmmmmmmmmm...............
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 11, 2015 18:04:27 GMT
More like Chris Wealth, AM I RITE GUYS.
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Post by Topper Gas on Sept 11, 2015 18:50:55 GMT
CJ only held around 3% of the company yesterday so he's not going to make mega bucks out of the sale.
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toteend
Joined: May 2014
Posts: 305
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Post by toteend on Sept 11, 2015 20:45:52 GMT
He gets about £6.5m. But a lot will be in his SIPP (pension) so don't hold your breath.
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irishrover
Global Moderator
Joined: June 2014
Posts: 3,372
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Post by irishrover on Sept 11, 2015 20:51:35 GMT
He gets about £6.5m. But a lot will be in his SIPP (pension) so don't hold your breath. Bollocks - I really had my eye on a new pen. |
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Post by Surrey Gas on Sept 12, 2015 18:32:06 GMT
He gets about £6.5m. But a lot will be in his SIPP (pension) so don't hold your breath. Net of tax its only a couple of million |
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Post by Gregory Stevens on Sept 12, 2015 20:27:44 GMT
He gets about £6.5m. But a lot will be in his SIPP (pension) so don't hold your breath. unlikely given the lifetime and annual allowance |
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LPGas
Stuart Taylor
Joined: May 2014
Posts: 1,240
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Post by LPGas on Sept 13, 2015 8:08:49 GMT
More like Chris Wealth, AM I RITE GUYS. No you are wrong, it is right |
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Post by fanatical on Sept 13, 2015 9:16:07 GMT
He gets about £6.5m. But a lot will be in his SIPP (pension) so don't hold your breath. Net of tax its only a couple of million if you think that you got the wrong accountant mate |
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Post by Surrey Gas on Sept 13, 2015 21:46:07 GMT
Net of tax its only a couple of million if you think that you got the wrong accountant mate I am an accountant! Maybe £2m is a bit low but its still less than £4m. In other words, even if he wanted to plough his gains into the club it wont be a game changer |
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Post by fanatical on Sept 14, 2015 9:05:19 GMT
if you think that you got the wrong accountant mate I am an accountant! Maybe £2m is a bit low but its still less than £4m. In other words, even if he wanted to plough his gains into the club it wont be a game changer Suggest you go back to Accountants school then. But that aside I am certain Mr Jelf will not wish to plough more into the club whilst the majority shareholder is someone else. |
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Sept 14, 2015 10:13:22 GMT
He gets about £6.5m. But a lot will be in his SIPP (pension) so don't hold your breath.
Only some will be in his SIPP, due to the affects of the annual and lifetime allowances. However, that's immaterial, as you can now access a pension as cash any time from age 55, which CJ is.
He's also due some bonuses. I worked this out last month:
Chris Jelf is Executive Deputy Chairman, which means he's on the Board of Directors but he still holds an Executive role.
Last I could see re his shareholding was:
18 December 2014
The Company was informed on 17 December 2014 that on that day Chris Jelf, a member of the Jelf plc board, purchased 22,800 ordinary shares in the Company ("Ordinary Shares") into his SIPP at a price of 129.6p per share.
Julie Jelf, Chris' wife, also purchased 33,500 Ordinary Shares into her SIPP at a price of 129.6p
Following these transactions, Chris Jelf is now interested in 2,522,073 Ordinary Shares, representing 2.94% of the Company's current issued ordinary share capital.
2,522,073 shares are currently worth £5,800,767.90.
On top of this, he has share options on 762,339 shares, worth a further net £865,254.77.
Further on top, there's a bonus scheme related to a takeover over a certain threshold. On current prices, if this takeover happens, Chris Jelf could pocket over £1mill cash from this bonus scheme.
Not doing too badly.
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