23 Apr 2019 07:00
23 April 2019
Tau Capital plc
("Tau" or "the Company")
Statement re suspension of shares
Tau Capital plc confirms that trading in the Company's ordinary shares on AIM will be suspended with effect from 7:30 a.m. UK time today.
As previous indicated, the Company is classified as an AIM Rule 15 cash shell and as such was required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 ("Reverse Takeover") or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) on or before the date falling six months from 18 October 2018, failing which, the Company's ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40, which is to occur at 7:30 a.m. UK time today.
Trading in the Company's ordinary shares will remain suspended until the completion of a Reverse Takeover, which requires the publication of an admission document and the approval of such a transaction at a general meeting of the Company, or the Company is re-admitted to trading on AIM as an investing company under the AIM Rules. If no such transaction is completed within six months the Company's shares will be cancelled from trading on AIM pursuant to AIM Rule 41.
Further information, please contact:
FIM Capital Limited Philip Scales
| Tel: +44 (0) 1624 681250 |
Nominated Adviser and joint-broker Allenby Capital John Depasquale / Alex Brearley
| Tel: +44 (0) 20 3328 5656 |
Joint-broker Peterhouse Capital Limited Lucy Williams / Eran Zucker | Tel: +44 (0) 20 7469 0930 |
ENDS