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Share Price Information for Powerhouse Ener (PHE)

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Spread: 0.02 (10.00%)
Market Cap: £10.76m
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Statement re. Suspension

22 Mar 2011 15:30

RNS Number : 4197D
Bidtimes PLC
22 March 2011
 

22 March 2011

 

Bidtimes PLC

("Bidtimes" or "the Company")

 

Potential Acquisition and Statement re Suspension

 

The Directors of the Company have noted the rise in the Company's share price today. The Company announces that it is at an advanced stage of discussions which may or may not lead to the acquisition of a company which would constitute a reverse takeover in accordance with AIM Rule 14.

Accordingly, the Company has requested the suspension of trading in its shares on AIM with immediate effect, pending the publication of an AIM Admission Document or the announcement that the discussions have been terminated. A further announcement will be made in due course.

 

Contact:

 

Bidtimes plc T:+44 (0) 207 887 1362

Julian Moore, Non-Executive Director

 

Merchant Securities Limited T: +44 (0) 20 7628 2200

David Worlidge

Simon Clements

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