RE: Holdings rns5 Sep 2019 22:01
Plus they must have been looking out for companies that want to trade on Aim this is from Dec last year
19 December 2018
TLA Worldwide plc
("TLA" and together with its subsidiaries, the "Group")
Update on TLA Australia
TLA Worldwide plc (AIM: TLA), a leading athlete representation and sports marketing business, notes the announcement from QMS Media Limited ("QMS Media") (ASX: QMS) earlier today acknowledging that it is in preliminary discussions to explore the potential acquisition of TLA Australia.
As previously announced on 12 December 2018, TLA is continuing to make good progress regarding the sale of its Australian sports marketing and event management business (the "Australian Business"). TLA confirms that it has agreed in principle to sell the Australian Business to QMS Media, although no definitive agreement has been reached. There can be no certainty that any transaction with QMS Media will ultimately be forthcoming, nor can there be any certainty as to the terms of any such transaction.
A sale of the Australian Business would require shareholder approval under AIM Rule 15. If such a sale were to proceed, and the proposed sale of the Group's US business (details of which were contained in the announcement on 3 December 2018) also completes, then the Group will become an "AIM Rule 15 cash shell" under AIM Rule 15; but further information on this will be provided as and when applicable.