Saffron Energy PLC Statement re. Suspension (8385F)
February 23 2018 - 10:18AM
UK Regulatory
TIDMSRON
RNS Number : 8385F
Saffron Energy PLC
23 February 2018
23 February 2018
Saffron Energy plc
("Saffron Energy" or the "Company")
Temporary Suspension of Trading on AIM
.
On 16 February 2018, Saffron Energy, the pan Euro Asian gas
explorer announced that it had published a circular to shareholders
comprising an AIM admission document ("AIM Admission Document"),
convening a general meeting at which shareholders were invited to
approve, inter alia, the proposed acquisitions of SEHIL and PVO and
the issue of shares necessary to complete the fundraising announced
on 22 January 2018.
The Company is expecting to update investors shortly regarding
its South East Asian acquisitions and a fundamental change to an
element of the transaction which will likely require the
publication of a supplementary AIM admission document. As the
Company is not yet in a position to give details of a termination
agreement in respect to that element of the transaction that is in
the process of negotiation, it has requested a short, temporary
suspension of trading in its shares pending announcement of an
agreement in respect of that element of the transaction and
publication of the Supplementary AIM Admission Document,
A further announcement will be made as soon as possible but in
any event, no later than Tuesday 27 February, when the Company
intends to update investors on its activities in South East Asia
and the proposed acquisitions of SEHIL and PVO.
Saffron Energy plc / Coro
Energy plc s.edmonson@coroenergyplc.com
Sara Edmonson, Chief Executive j.parsons@coroenergyplc.com
Officer
James Parsons, Non-Executive
Chairman
Grant Thornton UK LLP (Financial Tel: +44 (0)20 383
and Nominated Adviser) 5100
Colin Aaronson/Jen Clarke/Harrison
J Clarke
Turner Pope Investments (TPI) Tel: +44 (0)20 3621
Ltd (Broker) 4120
Ben Turner/James Pope info@turnerpope.com
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
SRSFKNDDABKDPBB
(END) Dow Jones Newswires
February 23, 2018 11:18 ET (16:18 GMT)
Saffron Eng (LSE:SRON)
Historical Stock Chart
From May 2024 to Jun 2024
Saffron Eng (LSE:SRON)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Saffron Eng (London Stock Exchange): 0 recent articles
More Saffron Eng News Articles