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Portage Trading Suspended

12 Aug 2019 10:11

RNS Number : 7122I
FastForward Innovations Limited
12 August 2019
 

FastForward Innovations Ltd / AIM: FFWD / Sector: Closed End Investments

12 August 2019

 

FastForward Innovations Ltd ("FastForward" or the "Company")

Announcements relating to Portage

 

On 11 July 2019, FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, announced the disposal of its interest in Intensity Therapeutics Inc ("Intensity") for a consideration of 12,980,061 new shares in Portage Biotech, Inc., ("Portage"). Accordingly, the Company now notes the following announcements which are all available on the Canadian Securities Exchange ("CSE") website:

 

26 July 2019: relating to an application for a "Management Cease Trade Order" ("MCTO"), setting out that delays had occurred in the audit of the annual financial statements for 31 March 2019 due to a change in the expected treatment of the acquisition of SalvaRx Limited and that the filing date of 29 July would not be met. It states an expectation that the audited financials would be filed on 13 August 2019;

 

31 July 2019: relating to noting that the application for the MCTO was declined as it was not made early enough, and that Portage expects a "failure-to-file cease trade order" ("FFCTO") to be imposed by Ontario Securities Commission; and

 

6 August 2019: Portage Biotech Inc is in default of CSE requirements. Effective immediately, Portage Biotech will be suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the Ontario Securities Commission.

 

The FFCTO is expected to be lifted and trading on the CSE to resume once Portage has filed its annual audited financial statements and related documents with the CSE.

 

Cautionary Statement

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of FastForward Innovations Ltd. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

 

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. FastForward Innovations assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

ENDS

 

For further information on the Company please visit www.fstfwd.co or contact:

 

Ed McDermott /

Lance de Jersey

FastForward Innovations Ltd

Email: info@fstfwd.co

 

James Biddle /

Roland Cornish

Beaumont Cornish Limited

Nomad

Tel: +44 (0) 207 628 3396

 

Graham Dickson

Optiva Securities Limited

Broker

Tel: +44 (0) 203 411 1881

 

Gaby Jenner

St Brides Partners Ltd

Financial PR

Tel: +44 (0)207 236 1177

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCLIFIATVIFLIA
Date   Source Headline
19th Jun 20127:00 amRNSFinal Results
8th Jun 201212:28 pmRNSDirector/PDMR Shareholding
7th Jun 20123:35 pmRNSHolding(s) in Company
6th Jun 201211:57 amRNSHolding(s) in Company
31st May 20129:34 amRNSHolding(s) in Company
28th May 201211:57 amRNSResult of EGM
23rd May 20128:40 amRNSHolding(s) in Company
14th May 20124:53 pmRNSHolding(s) in Company
4th May 20127:00 amRNSProposed Subscription and Return of Capital
29th Nov 20117:00 amRNSHalf Yearly Results
23rd Sep 20119:51 amRNSAGM Statement
30th Aug 20111:38 pmRNSChange of Registered Office
4th Aug 20117:00 amRNSFinal Results
28th Jul 20119:30 amRNSIn Specie Distribution
8th Jun 20113:46 pmRNSReturn of capital
24th Mar 201112:08 pmRNSUpdate re China CDM
8th Feb 20112:31 pmRNSFinal date for Warrant Exercise
20th Jan 201111:10 amRNSHolding(s) in Company
18th Jan 20119:44 amRNSHolding(s) in Company
17th Jan 20115:36 pmRNSHolding(s) in Company
17th Jan 20115:35 pmRNSHolding(s) in Company
17th Jan 201111:02 amRNSDirector/PDMR Shareholding
13th Jan 20113:46 pmRNSReturn of Capital and disposal
7th Dec 20108:19 amRNSHalf Yearly Report
16th Nov 201012:30 pmRNSInvestment Update
5th Nov 20101:43 pmRNSHolding(s) in Company
8th Oct 20104:19 pmRNSHolding(s) in Company
14th Sep 20109:32 amRNSResult of AGM
17th Aug 20107:00 amRNSAnnual Financial Report
10th Aug 20107:00 amRNSFinal Results
11th Jun 20105:01 pmRNSHolding(s) in Company
18th Mar 201011:16 amRNSHolding(s) in Company
26th Feb 20103:57 pmRNSHolding(s) in Company
8th Dec 200910:18 amRNSHalf Yearly Report
6th Nov 20098:39 amRNSChange of Adviser
5th Nov 20098:46 amRNSHolding(s) in Company
22nd Oct 20091:48 pmRNSInvesting Policy
20th Oct 20099:52 amRNSDirectorate Change
29th Sep 20092:12 pmRNSTermination of Asset Divestment Support Agreement
16th Sep 200911:45 amRNSReturn of Capital
16th Sep 200911:33 amRNSResult of AGM
28th Aug 20099:12 amRNSSale of China New Energy
7th Aug 20099:03 amRNSHolding(s) in Company
3rd Aug 20094:58 pmRNSHolding(s) in Company
14th Jul 20093:52 pmRNSAnnual Report and Financial Statements
9th Jul 20097:00 amRNSFinal Results
6th Jul 200911:44 amRNSResult of EGM
29th Jun 20094:24 pmRNSHolding(s) in Company
10th Jun 20097:00 amRNSReturn of Capital
3rd Jun 200912:48 pmRNSPortfolio Update

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