28 Oct 2014 09:33
Castleton Technology PLC
("Castleton" or "the Company")
Statement re Share Price Movement
The Company notes the rise in its share price since 21 October 2014 and confirms it knows of no reason for such movement.
In line with the Company's stated strategy of building a public sector focused IT managed services business, the Directors are currently in discussion with a number of potential acquisition targets and one in particular which may or may not lead to a transaction in the near future. Were discussions with this particular company to result in a transaction, the Company intends to finance any cash consideration due via an equity placing. Further updates will be made as and when appropriate.
Enquiries:
Castleton Technology plc Ian Smith, Chief Executive
| Tel. +44 (0)845 201 0000 http://www.castletonplc.com |
finnCap Charlotte Stranner | Tel. +44 (0)20 7220 0500 |
MXC Capital Advisory LLP Marc Young
Newgate Threadneedle Josh Royston / Hilary Millar | Tel. +44 (0)20 7965 8149
Tel. +44 (0)20 7653 9850
|