4 Mar 2016 07:00
GUSCIO PLC - Cancellation of trading in Guscio shares on AIMGUSCIO PLC - Cancellation of trading in Guscio shares on AIM
PR Newswire
London, March 3
4 March 2016
Guscio PLC
("Guscio" or the "Company")
Cancellation of trading in Guscio shares on AIM
Further to the announcement made on 9 September 2015 regarding the suspension of trading in the Company’s ordinary shares on AIM, the Company announces that it will not be able to complete a reverse takeover in accordance with AIM Rule 14, nor implement its investing policy to the satisfaction of the Exchange in accordance with AIM Rule 15, by 9 March 2016 and accordingly trading in the Company’s ordinary shares on AIM will be cancelled pursuant to AIM Rule 41 on that date.
The Company is in advanced discussions regarding two potential acquisitions in the educational technology sector which, if completed, would constitute a reverse takeover and accordingly the acquisitions will be subject, amongst other things, to approval by the shareholders of the Company.
The board of Guscio intends to complete the proposed acquisitions as soon as practically possible. The admission document and the circular to shareholders are intended to be published during March.
The Company proposes to reapply for admission to trading on AIM as part of the proposed transaction.
Further announcements will be made in due course.
FURTHER ENQUIRIES
| Guscio PLC | |
| Tony Humphreys / Marcus Yeoman | 020 3053 1897 |
| Sanlam Securities UK Limited | |
| Virginia Bull / Simon Clements | 020 7628 2200 |
| Peterhouse Corporate Finance Limited | |
| Lucy Williams / Eran Zucker | 020 7469 0936 |