news just sinking in20 Feb 2015 14:43
In view of the recent share price movement, TPS, the innovative high-speed electrical machines and power electronic systems provider, announces that the Board are conducting a strategic review of the Company's business and as part of this review are looking at a potential sale of the Company. The Board has appointed Lincoln International LLP to assist in this process.
The Company is a Canadian Business Corporation, continuing business in Yukon, Canada and is not subject to the provisions of the UK City Code on Takeovers and Mergers.
Further announcements will be made in due course, as appropriate. In the meantime there can be no certainty that any potential transaction will proceed, or as to the terms of any such transaction. The Company may discontinue the strategic review process at any time.