11th June 20131 Apr 2014 15:29
Sorry if this has been pointed out earlier but I think somewhere in this statement your cash reward lays....On completion of the Disposal, the Company will become an Investing Company. As a consequence of this, AIM Rule 15 further requires the Company to state its Investing Policy going forward, and to obtain the approval of Shareholders for the Investing Policy. Following approval of the Investing Policy by Shareholders at the General Meeting, the Company will be required 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 General Meeting, failing which, the Company's Ordinary Shares will be suspended from trading on AIM. If the Company's Investing Policy has not been implemented within 18 months of the General Meeting, 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 wind up the Company and distribute any surplus cash back to Shareholders.