BLOC Blockchain Worldwide Plc

TIDMBLOC

RNS Number : 5547G

Blockchain Worldwide PLC

07 November 2018

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Blockchain Worldwide plc

("Blockchain" or the "Company")

Proposed Acquisition and Suspension of Listing

The Company has made a non-legally binding offer to acquire the entire issued share capital of Chorum Group Limited, a company that falls within the Company's stated investment strategy ("Acquisition"). The Acquisition is subject to legal, financial and other due diligence, entry into a legally binding agreement in respect of the Acquisition and a successful fundraise. As no binding agreement has been reached the directors of the Company cannot guarantee that the Acquisition will complete or provide any indication of a likely completion date.

Completion of the Acquisition would amount to a reverse takeover under the Listing Rules. The Company is currently unable to provide full disclosure in relation to the target company and accordingly has requested from the FCA a suspension of its listing with immediate effect. Listing of the Company's ordinary shares will remain suspended until such time as either the Acquisition, accompanying placing and re-admission is completed or a restoration request has been submitted and approved by the FCA.

The Company will continue to update the market as appropriate.

For information please contact:

 
 Blockchain Worldwide                                     www.bloc-worldwide.com 
  plc 
 Rodger Sargent                                                  via Walbrook PR 
 
 Walbrook PR Ltd        Tel: 020 7933 8780 or blockchainworldwide@walbrookpr.com 
 Paul Cornelius                                               Mob: 07866 384 707 
 Sam Allen                                                    Mob: 07884 664 686 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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November 07, 2018 02:30 ET (07:30 GMT)

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