23 May 2016 11:34
23 May 2016
Glenwick Plc
("Glenwick" the "Company")
Â
Â
Statement re suspension of shares and potential acquisition
Â
The Board of Glenwick (AIM: GWIK), notes the recent speculation regarding Glenwick and a potential acquisition.
Glenwick confirms that it is in advanced discussions for an acquisition. The potential acquisition would constitute a reverse takeover under the AIM Rules for Companies and would therefore, inter alia, be subject to shareholder approval.
As a result, the Company's ordinary shares have been suspended from trading on AIM as of 10.20am today. Trading in the Company's ordinary shares will be suspended until such time as an admission document containing a notice of general meeting of the Company is published in relation to the potential acquisition or the Company announces that the discussions have been terminated.
The Company will update shareholders as and when appropriate.
Â
 For further information please contact:
Â
 | FIM Capital Limited | |||
 | Graham Smith  | +44 1624 681 250 | ||
 | Allenby Capital Limited (Nominated Adviser and Joint-Broker) John Depasquale |  +44 203 328 5656   | ||
 | Peterhouse Corporate Finance Limited (Joint-Broker) Lucy Williams / Heena Karani |  +44 207 469 0933 | ||
 | ||||
Â