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22 Apr 2015 07:00
22 April 2015
Mortice Ltd
Update on strategic developments
The board of directors of Mortice Limited ("Mortice" or the "Company") announces that further to the announcement on 26 March 2015 in which the Company outlined that it is seeking to expand its operations in India, MEA and Europe, the board considers that relying solely on organic growth may not always be optimal in relation to the Company's expansion into certain geographies. As a result, the board is considering other options, including potential acquisitions, as part of its strategy.
The board also believes that it may be appropriate for the company at some point to consider a secondary listing of its shares on the Indian Stock Exchange. However, this is not a short-term strategic objective of the Company.
Shareholders will be kept informed of relevant developments.
-Ends-
Mortice Limited |
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Manjit Rajain, Executive Chairman | Tel: +91 981 800 0011 |
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Allenby Capital Limited AIM Nominated Adviser and Broker |
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Nick Naylor/David Hart/Alex Brearley | Tel: 020 3328 5656 |
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