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IN BRIEF: Hawkwing withdraws application for relisting
Hawkwing PLC - cash shell - Says it has been informed by the UK Financial Conduct Authority that its loan to Internet Fusion Group was a reverse takeover. As a result, Hawkwing was withdrawn its application to restore the listing of the company. Hawkwing's loan to Internet Fusion Group was for GBP13.7 million and carries a 8% per annum interest rate from the date of drawdown and is for a three-year term. The loan also carries a redemption premium depending on when it is repaid.
"Discussions are continuing with IFG to unwind the loan and a further announcement will be made in due course," Hawkwing says.
By Heather Rydings; heatherrydings@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Latest HNG News
- IN BRIEF: Hawkwing intends to delist from London in February
9 Jan 2024 - IN BRIEF: Hawkwing appoints joint liquidators
4 Jul 2023 - Hawkwing appoints Kroll Advisory as administrators
13 Feb 2023 - TRADING UPDATES: CMO to suffer bottom-line hit; Good Energy buys
2 Dec 2022 - TRADING UPDATES: First Tin gets grant; Shanta Gold hails drill results
28 Nov 2022 - EARNINGS SUMMARY: Provexis, Thruvision loss narrows; Unigel revenue up
30 Sep 2022 - UK shareholder meetings calendar - next 7 days
17 Jun 2022 - IN BRIEF: Hawkwing narrows loss in 2021, focuses on acquisitions
1 Jun 2022
Related News
IN BRIEF: Hawkwing intends to delist from London in February
Hawkwing PLC - cash shell - Says it will shortly apply to the UK Financial Conduct Authority and London Stock Exchange to cancel its listing and tradi...
IN BRIEF: Hawkwing appoints joint liquidators
Hawkwing PLC - cash shell - Says the appointment of its joint liquidators took effect from June 28. Benjamin Thom Cairns and Mark Granville Firmin, ea...
Hawkwing appoints Kroll Advisory as administrators
(Alliance News) - Hawkwing PLC on Monday named Sarah Rayment and Robert Armstrong of Kroll Advisory Limited as joint administrators.
HNG.L News
IN BRIEF: Hawkwing intends to delist from London in February
Hawkwing PLC - cash shell - Says it will shortly apply to the UK Financial Conduct Authority and London Stock Exchange to cancel its listing and tradi...
IN BRIEF: Hawkwing appoints joint liquidators
Hawkwing PLC - cash shell - Says the appointment of its joint liquidators took effect from June 28. Benjamin Thom Cairns and Mark Granville Firmin, ea...
Hawkwing appoints Kroll Advisory as administrators
(Alliance News) - Hawkwing PLC on Monday named Sarah Rayment and Robert Armstrong of Kroll Advisory Limited as joint administrators.
TRADING UPDATES: CMO to suffer bottom-line hit; Good Energy buys
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on this week and not separately reported by Alliance News:
TRADING UPDATES: First Tin gets grant; Shanta Gold hails drill results
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
EARNINGS SUMMARY: Provexis, Thruvision loss narrows; Unigel revenue up
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
IN BRIEF: Hawkwing narrows loss in 2021, focuses on acquisitions
Hawkwing PLC - London-based cash shell - In 2021 pretax loss narrows to GBP90,000 from GBP340,000 in 2020. Records no revenue for 2021 and 2020. Cash ...
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