Boston International Holdings PLC Termination of Acquisition & Update on Suspension (2431R)
March 04 2021 - 10:32AM
UK Regulatory
TIDMBIH
RNS Number : 2431R
Boston International Holdings PLC
04 March 2021
For immediate release
4 March 2021
Boston International Holdings plc
("BIH" or "the Company")
Termination of Intended Acquisition and Update on Suspension
The Directors of BIH announce that they have been unable to
complete the intended transaction and accordingly have terminated
the heads of terms signed in March 2020 with Alexanders Discount
Limited ("Target"), an invoice factoring company based in Southeast
England, in relation to the potential acquisition by BIH of the
Target.
The Company will continue its search for acquisition
opportunities, as outlined in the Company's prospectus published in
October 2016. It is expected that the Company's ordinary shares
will resume trading on the Main Market of the London Stock Exchange
in due course following consultation with the FCA and completion of
a fundraise. In the meantime, they remain suspended from
trading.
A further announcement will be made as appropriate in due
course.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For more information please contact:
Boston International Holdings Plc
Borden James +44 (0) 7379 668 907
Beaumont Cornish Limited
Roland Cornish +44 (0) 207 628 3396
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END
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