20 Nov 2017 13:00
20 November 2017
Bagir Group Limited
("Bagir" or the "Company")
Statement re suspension
Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, announces that following its announcement earlier today regarding the potential strategic partnership which may involve a significant investment by a strategic investor, the potential investment may constitute a reverse takeover pursuant to Rule 14 of the AIM Rules. If such an investment were to proceed, it would therefore be conditional, amongst other things, on approval by shareholders at a general meeting of the Company. Accordingly, pending publication of an AIM admission document or confirmation that the potential investment is not proceeding, or is otherwise deemed not to constitute a reverse takeover, trading in the Company's shares has been suspended with immediate effect.
There is no certainty that the negotiations will result in a firm agreement and further announcements will be made at the appropriate time.
Enquiries:
Bagir Group Ltd. Eran Itzhak, Chief Executive Officer Udi Cohen, Chief Financial Officer Tessa Laws, Non-Executive Chairman
| via Novella Communications on: +44 (0) 20 3151 7008 |
N+1 Singer Alex Price
| +44 (0) 20 7496 3000 |
Novella Tim Robertson Toby Andrews | +44 (0) 20 3151 7008 |