(Alliance News) - Forbes Ventures PLC on Friday said it is withdrawing from the AQSE Growth market, effective at the Friday close, as it aims to complete a planned reverse takeover.
The Stockport, England-based investment company said it plans to buy an undisclosed identified litigation funding vehicle, to re-list on an appropriate market within the next 12 months.
In September last year, the company said it expected to release its 2021 results in October. It did not however release its results or any further announcement regarding such. In June last year, shares were suspended due to uncertainty regarding an issue of GBP40 million two-year debt notes. Back then it said that due to this uncertainty, it would be unable to complete the 2021 audit before the June 30 deadline, and expected to release results by August 12.
By Tom Budszus, Alliance News reporter
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