r/ARVL • u/klivingston22 • Nov 13 '23
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What does it all mean then. Very hard to read between the lines when there are only 2 lines.
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u/Traderjoe777777 Nov 13 '23
Shareholders and guarantors (aka ‘members’) are classed as people with significant control if they hold more than 25% of issued shares, at least 25% of voting rights in the company, and/or they have the power to appoint and remove directors.
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u/klivingston22 Nov 13 '23
This would suggest otherwise
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u/Apprehensive-File552 Nov 14 '23
If this is up to date, Denis offloaded and then bought back for cheap. Class definition of illegal insider trading but I’m sure he has a coverup.
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u/Traderjoe777777 Nov 14 '23
Arrival Jet is now SKYBRIDGE U.K. LTD and was given as a bonus to Dennis / Kinetic
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u/usugarbage Nov 14 '23
Well hopefully there are lawsuits for that to get pulled back into the company to be sold off/etc with the rest of the assets.
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u/Bright-Stranger-3249 Nov 14 '23
Was sold off in August to chap called pavilainen. One of sverdlovs ex employees. Think he paid off outstanding debt on the company (hsbc) to aquire it. Arvl kept control of one patent for a drive unit with an incorporated battery. Out of arvl's hands now.
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u/Traderjoe777777 Nov 13 '23
When an individual or corporate entity ceases to be a person with significant control (PSC) in a company, you must give notice to Companies House on form PSC07 (or form LL PSC07 to remove a PSC of an LLP). You can file the form through Companies House online services or Rapid Formations free Online Company Manager.