22 Jun 2016 15:00
22 June 2016
Glenwick plc
("Glenwick" the "Company")
Update on Acquisition
Glenwick announces that the suspension of trading of its ordinary shares on AIM will be lifted at 3.00pm today.
The Company's ordinary shares were suspended from trading on 23 May 2016 as it was in discussions regarding a potential acquisition which would have constituted a reverse takeover under the AIM rules for Companies. The Company is no longer engaged in discussions regarding the potential acquisition and has terminated all negotiations.
As previously announced, the Company became an investing company under AIM Rule 15 on 3rd September 2015. The Company is required to implement its investing policy within 12 months of becoming an AIM Rule 15 investing company. If this is not fulfilled, the Company will be suspended pursuant to AIM Rule 40.
For further information please contact:
| 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 | ||
| ||||