R23 Jun 2015 10:12
RNS on 15 May
Investors are reminded that on 30 June 2014, following the Company's annual general meeting ("AGM"), the Company announced the adoption of the investing policy and that the Company would be required to implement the investing policy within the next 12 months. The Company has to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its investing policy within 12 months of the AGM failing which, the Company's Ordinary Shares will then be suspended from trading on AIM. If the Company's investing policy has not been implemented to the satisfaction of the London Stock Exchange within 18 months of the AGM then the admission to trading on AIM of the Company's Ordinary Shares will be cancelled and the Directors will convene a general meeting of the shareholders to consider whether to continue seeking investment opportunities or to wind up the Company and distribute any surplus cash back to shareholders.