Last checked at 29 Mar 2018 16:48
For Immediate Release 29 March 2018
Polemos Plc
("Polemos" or the "Company")
Withdrawal of Resolutions at proposed General Meeting
The Company announces that, following discussions with certain Shareholders, it has withdrawn all resolutions to be put to the General Meeting on 3 April 2018. Accordingly the General Meeting will no longer proceed along with, at this time, the proposed Conditional Placing (as announced on 8 March 2018), the issue of warrants in connection with both the Placing and Conditional Placing and the Share Consolidation.
The Company is in discussions with its advisers regarding an Open Offer to Shareholders at the same price as the Placing (as contemplated in the announcement of 8 March 2018) and hopes to announce this, along with Board changes and a reconvened General Meeting shortly. Subject to agreement with the relevant parties, the Company may proceed with an additional placing alongside the Open Offer.
END.
For further information, please contact:
Polemos PLC
Hamish Harris, Executive Chairman
Beaumont Cornish Limited (Nomad)
Roland Cornish/ James Biddle
Tel: +44 (0) 20 7628 3396
www.beaumontcornish.com
Peterhouse Corporate Finance Limited (Broker)
Lucy Williams
Tel: +44 (0) 20 7469 0930
Novum Securities Limited (Joint Broker)
Colin Rowbury
Tel: +44 (0) 2073999400