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2 Dec 2016 15:28
GN Group Limited(or the "Company")
02 December 2016
Share Price Movement
The Board of GN Group Limited has noted the recent movement in the Company's share price. The directors are not aware of any reason for this share price movement.
In the interim results for the six months ended 30 June 2016 released by the Company on 30 September 2016, in which the Company disclosed trade and other receivables of £1,652, fixed term deposits of £2,330,000 and cash and cash equivalents of £465,384. The total current assets of the Company was £2,797,036 as at 30 June 2016.
The Company would like to draw attention to the NAV per share which is approximately 1.17p and caution investors against speculation.
The Company would further draw attention to the announcement made on 30 September 2016 which stated that the Directors are currently actively considering a number of opportunities which they are pursuing with the intent of completing at least one investment as soon as commercially achievable.
The Company clearly cannot guarantee that any of these investments will complete in a timely fashion or at all.
Further enquiries:
GN Group Limited | Geoffrey Fielding Executive Chairman | +60173754769 |
ZAI Corporate Finance Ltd (Nomad) | Ray Zimmerman
| +44(0)20 7060 2220 |
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