Vintana PLC - London-based cash shell- Remains in discussions with a takeover target. The Covid-19 pandemic resulted in difficulties and delays which means that a reverse takeover will not be possible before the cancellation of its shares. Assessing an extension to stock cancellation, but notes there is no guarantee it will get one. Has available cash of GBP85,000 as at Thursday which will be insufficient to conclude a takeover. Looking into ways to raise additional capital. In the absence of additional cash, it will run out of capital in September. Will not be able to publish its 2019 results by the June 30 deadline.
Current stock price: Shares suspended since March
By Ife Taiwo; ifetaiwo@alliancenews.com
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