Less Ads, More Data, More Tools Register for FREE

Pin to quick picksB90 Holdings Regulatory News (B90)

Share Price Information for B90 Holdings (B90)

Share Price is delayed by 15 minutes
Get Live Data
2.55    0.15 (6.25%)
Bid:
2.30
Ask:
2.80
Spread: 0.50 (21.739%)
Market Cap: £11.24m
B90 Live PriceLast checked at - London Stock Exchange

Intraday B90 Holdings Share Chart

Update on suspension

4 Dec 2014 07:00

RNS Number : 7881Y
24/7 Gaming Group Holdings PLC
04 December 2014
 



24/7 Gaming Group Holdings Plc

(the "Company" or "24/7 Gaming")

 

 

Update on Suspension

 

 

The Board of 24/7 Gaming announces that it is progressing with the acquisition process announced on 3 September 2014, which, if completed, is likely to constitute a reverse takeover under Rule 14 of the AIM Rules. The potential transaction would involve the acquisition of a company offering binary options trading under the authorisation and regulation of the Cyprus Securities and Exchange Commission.

In order to focus on this potential transaction, the Directors have initiated a restructuring of the Group. As part of this process the Directors intend to change the Company's name to Amesi plc, which the Directors believe constitutes a more relevant link to the binary options operations as Amesi translates to "immediate" in Greek. The formal process of name change has been initiated and a further announcement will follow when this is completed.

Furthermore, as part of this restructuring in preparation for the anticipated reverse takeover, the Directors have decided that the Company will cease operations and further funding of its non-profitable and low revenue generating subsidiaries and as part of this process have initiated the liquidation of these subsidiaries including its Wannagaming casino operations and its Playlogic publishing operations.

The company is in continuing discussions with its advisers in preparation for the financing in relation to the acquisition and expects to make a further announcement in early 2015.

Shareholders should note that there is no guarantee that the transaction will be completed and that, since 30 June 2014, when the Company had Cash and cash equivalents of c.€154,000, the Company's operation have absorbed further cash. In the event that the proposed acquisition does not complete, and given the Company's very limited available funding, it is likely that further funds will need to be raised to meet the Company's ongoing working capital requirements.

 

 

For further information please contact:

 

24/7 Gaming +31 (0)20 676 03 04

David Mathewson, Executive Chairman

Rogier Smit, COO

 

Westhouse Securities +44 (0)20 7601 6100

Antonio Bossi

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
SRSFMMGZNFNGDZM
Date   Source Headline
9th Apr 20214:23 pmRNSTR-1
9th Apr 20214:17 pmRNSTR-1
9th Apr 20214:14 pmRNSTR-1
9th Apr 20214:12 pmRNSTR-1
9th Apr 20214:10 pmRNSTR-1
9th Apr 20214:07 pmRNSTR-1
9th Apr 20214:05 pmRNSTR-1
9th Apr 20214:04 pmRNSTR-1
30th Mar 20217:00 amRNS£1.1m Subscription & New Affiliate Agreements
22nd Mar 20214:41 pmRNSSecond Price Monitoring Extn
22nd Mar 20214:36 pmRNSPrice Monitoring Extension
19th Mar 20214:41 pmRNSSecond Price Monitoring Extn
19th Mar 20214:36 pmRNSPrice Monitoring Extension
19th Mar 20212:06 pmRNSSecond Price Monitoring Extn
19th Mar 20212:00 pmRNSPrice Monitoring Extension
19th Mar 202111:05 amRNSSecond Price Monitoring Extn
19th Mar 202111:00 amRNSPrice Monitoring Extension
19th Mar 20219:05 amRNSSecond Price Monitoring Extn
19th Mar 20219:00 amRNSPrice Monitoring Extension
19th Mar 20217:00 amRNSStatement re Share Price Movement
18th Mar 20214:41 pmRNSSecond Price Monitoring Extn
18th Mar 20214:35 pmRNSPrice Monitoring Extension
17th Mar 20212:48 pmRNSGrant of Options
17th Mar 20217:30 amRNSRestoration - B90 Holdings PLC
17th Mar 20217:00 amRNSInterim Results for the 6 months to 30 June 2020
17th Mar 20217:00 amRNSCorporate Update & Restoration of Trading on AIM
17th Mar 20217:00 amRNSFinal Results for the year ended 31 December 2019
1st Mar 20217:00 amRNSUpdate on release of 2019 Accounts & 2020 Interims
3rd Feb 20213:25 pmRNSUpdate on release of 2019 Accounts & 2020 Interims
9th Dec 20207:00 amRNSConvertible Loan and Corporate Update
11th Sep 20207:00 amRNSConvertible Loan and Corporate Update
24th Jun 20206:06 pmRNSUpdate re trading & publication of 2019 Accounts
7th May 20203:42 pmRNSConvertible Loan and Corporate Update
15th Apr 20204:24 pmRNSTrading update, financial situation & suspension
17th Mar 20203:00 pmRNSSuspension - B90 Holdings Plc
17th Mar 20203:00 pmRNSFinancial position and suspension of trading
3rd Feb 20207:00 amRNSChange of Name
17th Jan 20207:00 amRNSCompletion of Acquisition
19th Dec 20197:00 amRNSPotential Bet90 Acquisition & Issue of Equity
15th Nov 20197:00 amRNSTrading Update
30th Sep 20197:00 amRNSInterim Results
19th Sep 201911:20 amRNSResult of AGM
16th Sep 20197:00 amRNSConvertible Loan
4th Sep 20197:00 amRNSNotice of AGM
30th Aug 20192:05 pmRNSSecond Price Monitoring Extn
30th Aug 20192:00 pmRNSPrice Monitoring Extension
16th Jul 201912:12 pmRNSUpdate re trading and financial position
28th Jun 20195:34 pmRNSFinal Results
6th Jun 20194:20 pmRNSHolding(s) in Company
6th Jun 20194:18 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.