27 Feb 2017 08:00
365 Agile Group plc
("365 Agile" and the "Company")
Suspension of Trading in Shares
365 Agile announces that, following becoming an AIM Rule 15 cash shell (as defined in the AIM Rules for Companies (the "AIM Rules")), on 26 August 2016 and as a result of the Company having not yet made an acquisition, or acquisitions, which constitute a reverse takeover under the AIM Rules (a "Reverse Takeover"), or having otherwise sought re-admission as an investing company with the attendant requirement of raising at least £6 million, the Company's ordinary shares have been suspended from trading on AIM with effect from 7.30 a.m. today.
The Board is in discussions with potential acquisition targets in order to complete a transaction by 25 August 2017. Should the Company not undertake a Reverse Takeover or seek re-admission as an investing company by that date, admission of 365 Agile's ordinary shares to trading on AIM will be cancelled on 28 August 2017. The Company continues to be funded by the ongoing payments it receives from its licence agreement with Castleton Technology plc.
Contacts:
365 Agile Group plc | +44 (0) 345 504 0365 |
Clive Carver, Non-executive Chairman
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finnCap Limited | +44 (0)20 7220 0500 |
Geoff Nash/Giles Rolls
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MXC Capital Markets LLP | +44 (0)20 7965 8149 |
Charlotte Stranner/ Marc Young
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