GWIK Glenwick

TIDMGWIK

RNS Number : 0178Z

Glenwick PLC

23 May 2016

23 May 2016

Glenwick Plc

("Glenwick" the "Company")

Statement re suspension of shares and potential acquisition

The Board of Glenwick (AIM: GWIK), notes the recent speculation regarding Glenwick and a potential acquisition.

Glenwick confirms that it is in advanced discussions for an acquisition. The potential acquisition would constitute a reverse takeover under the AIM Rules for Companies and would therefore, inter alia, be subject to shareholder approval.

As a result, the Company's ordinary shares have been suspended from trading on AIM as of 10.20am today. Trading in the Company's ordinary shares will be suspended until such time as an admission document containing a notice of general meeting of the Company is published in relation to the potential acquisition or the Company announces that the discussions have been terminated.

The Company will update shareholders as and when appropriate.

For further information please contact:

 
  FIM Capital Limited 
                                            +44 1624 681 
  Graham Smith                               250 
  Allenby Capital Limited (Nominated 
  Adviser and Joint-Broker)                  +44 203 328 
  John Depasquale                            5656 
  Peterhouse Corporate Finance 
   Limited (Joint-Broker)                    +44 207 469 
   Lucy Williams / Heena Karani              0933 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 23, 2016 06:34 ET (10:34 GMT)

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