23 Dec 2015 07:00
23 December 2015
Origo Partners PLC
("Origo" or the "Company")
Update re Dispute Resolution and Proposed Restructuring
Origo announced on 29 September 2015 that it was in the process of negotiating and finalising a detailed set of restructuring proposals which would serve, inter alia, to restructure the Company's convertible zero dividend preference shares and to settle the ongoing dispute with Brooks Macdonald Group plc ("BM").
The Company has since engaged with BM and whilst progress has been slower than anticipated, the Company continues to work towards the finalisation of a set of detailed proposals which will be described in a circular to be sent to shareholders as soon as practicable in early 2016.
Further announcements will be made, as appropriate, in this regard in due course.
For further information about Origo please visit www.origoplc.com or contact:
Origo Partners plc Niklas Ponnert |
niklas@origoplc.com
|
Nominated Adviser Smith & Williamson Corporate Finance Limited Azhic Basirov Ben Jeynes
|
+44 (0)20 7131 4000 |
Public Relations Aura Financial Andy Mills
|
+44 (0)20 7321 0000 |