Work Group Says Talks On Potential Acquisition Ongoing

LONDON (Alliance News) - Work Group PLC, which converted to an investment company from a human resources consultancy at the end of 2015, said on Tuesday is remains in talks to make a "suitable" acquisition.

In a statement accompanying Work Group's annual general meeting, Chairman Simon Howard said the company is continuing to work towards securing a reverse takeover, in line with its investment strategy.

He said negotiations on a potential deal are continuing.

Work Group shares were up 4.6% to 3.40 pence on Tuesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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