26 May 2016 17:30
For immediate release
Koovs plc
The Board of Koovs plc ("Koovs", or the "Company") (AIM: KOOV) notes the announcement by HT Media Limited ("HT Media"), a media company listed in India, that the board of HT Media has approved a proposal to invest up to £3 million in Koovs plc.
Koovs confirms that as part of its previously outlined Capital Raising plan, which will conclude by 30 June 2016, it is in discussion with HT Media regarding a potential investment. Koovs will update the market, as required, in due course.
For further information, please contact: | |
Koovs plc Mary Turner/Roy Naismith
| Tel: +44 (0)20 7151 0170 |
Peel Hunt LLP | |
Dan Webster / George Sellar Jock Maxwell Macdonald (ECM)
| Tel: +44 (0) 20 7418 8900 |
Brunswick Group LLP | |
Nick Claydon /Alison Kay | Tel: +44 (0) 20 7404 5959 |