RE: Action11 Mar 2020 18:30
This is an extract from Sept 2019 RNS.
Following a review of key milestones to support a successful market listing, it is sensible to have available 6 full months of customer activity metrics and market segmentation learnings. Allowing for the corporate, legal and financial work that would then follow, to produce a public offer document, and carrying out the Company's Initial Public Offering ("IPO") investor roadshow with a view to raising in excess of £5m, the revised target to see TALLY's shares trading on the London Stock Exchange is by 11 May 2020.
· Due to the revised timeline to IPO, the Company is considering a crowdfunding campaign in late 2019, to increase brand and product awareness, raise funds and add new customers