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Update on potential acquisition

31 Mar 2017 10:15

RNS Number : 1659B
Work Group plc
31 March 2017
 

31 March 2017

Work Group plc

("Work Group" or the "Company")

 

Update on potential acquisition

 

On 16 December 2016, Work Group announced that it had entered into an agreement for the potential acquisition of a group of companies in the business services sector which would constitute a reverse takeover under the AIM Rules for Companies (the "Acquisition").  Work is ongoing on the Acquisition and the Company and its advisers are seeking to complete the Acquisition, subject to shareholder approval, as soon as possible. Until binding terms are agreed, there is no guarantee that the Acquisition will ultimately proceed. Further updates will be provided in due course.

 

 

Enquiries:

 

Work Group

Simon Howard, Executive Chairman

Tel: +44 (0)20 3700 9210

info@workgroupplc.com

Allenby Capital Limited

(Nominated Adviser & Broker)

Jeremy Porter

James Thomas

Tel: +44 (0)20 3328 5656

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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