Last checked at 10 Mar 2014 10:30
10 March 2014
Hangar 8 plc ("Hangar8" or "the Company")
Restoration of the Company's shares to trading on AIM
Termination of talks on potential acquisition
Notice of interim results for the six months ended 31 December 2013
Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, announces that following termination of talks with Air Charter Service Group plc ("ACS"), a privately owned air charter business, about a potential combination of the two businesses, Hangar8 has requested that trading in its ordinary shares is resumed. The suspension from trading in the Company's ordinary shares will therefore be lifted at 11:00 am today.
The Company also announces that it will publish its unaudited interim results for the six months to 31 December 2013 on Wednesday 12 March 2014.
Nigel Payne, Non-Executive Chairman, commented: "We are disappointed that we have not been able to reach agreement on terms with ACS, however, we remain focused on our ambition to be the world's leading provider of private aviation services. Our interim results, to be published later this week, will show continued strong growth in our business and provides us with an excellent platform to develop Hangar8 further.
Enquiries:
Hangar 8 plc | +44 (0) 1865 372215 | |
Nigel Payne, Non-Executive Chairman Dustin Dryden, Chief Executive Officer | ||
Citigate Dewe Rogerson | + 44 (0) 20 7638 9571 | |
Chris Jarvis, Associate Director | ||
Phil Anderson, Executive Director | ||
Cantor Fitzgerald Europe | +44 (0) 20 7894 7000 | |
Mark Percy / Catherine Leftley (Corporate Finance) | ||
David Banks / Paul Jewell (Corporate Broking) |