Monchhichi plc Media speculation and suspension of shares (4294M)
July 28 2017 - 4:30AM
UK Regulatory
TIDMMCC
RNS Number : 4294M
Monchhichi plc
28 July 2017
For Immediate Release 28 July 2017
Monchhichi plc
("Monchhichi" or "the Company")
Comment re: Media speculation and suspension of shares
The Board of Monchhichi has noted today's press speculation and
can confirm, that in accordance with its Investment Policy adopted
in Q1 2017, it is now at an advanced stage of formally securing its
first material investment in a global private technology
company.
Such a transaction, if completed, would constitute a Reverse
Takeover pursuant to AIM Rule 14. As a result, the shares of the
Company have been suspended until the publication of an admission
document or until discussions end.
Shareholders are advised that there can be no certainty that the
discussions between the parties will lead to any agreement
concerning the possible transaction or as to the timing or terms of
any such transaction and there can be no assurance that, even if
agreement is reached, any such transaction would be completed. The
Company expects to be able to provide a further update to
shareholders in the next few weeks.
Enquiries:
Panmure Gordon (Nominated
Adviser and Broker) Tel: +44 (0)20 7886
Dominic Morley / Alina Vaskina 2500
Buchanan (Financial communications)
Richard Oldworth / Henry Harrison-Topham Tel: +44 (0)20 7466
/ Catriona Flint 5000
monchhichi@buchanan.uk.com www.buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
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