..8 Jul 2014 12:45
The Company is pleased to announce the offer, subject to contract, of a further subscription from Target Alliance (London) Limited for GBP1,200,000 at 3 pence per share, such subscription to be taken up by the initial subscription of GBP600,000 within 5 days of trading suspension being lifted and GBP600,000 30 days thereafter. The offer has been accepted by the board and is conditional upon the share trading suspension being lifted and (if required) the Takeover Panel giving and the Company's Shareholders approving a waiver of the obligation on Target Alliance (London) Limited to make a general offer for the Company' shares. The Board anticipates that this will happen once a new Nomad is appointed.
This part isn't about Millenium..... yet