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LONDON (Alliance News) - Marlowe Holdings Ltd Thursday said it notes the recent rise in its share price and confirmed that it is considering a potential acquisition which would constitute a reverse takeover under AIM rules.
As a result, Marlowe said its shares will be suspended from trading until an admission document is published in relation to the potential acquisition or until talks are otherwise concluded.
"The company will update shareholders with further information in due course. There can be no certainty that these discussions will lead to any transaction completing," Marlowe said in a statement.
Shares in Marlowe closed up 61.1% at 145.00 pence on Thursday.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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