GWIK Glenwick

TIDMGWIK

RNS Number : 9937B

Glenwick PLC

22 June 2016

22 June 2016

Glenwick plc

("Glenwick" the "Company")

Update on Acquisition

Glenwick announces that the suspension of trading of its ordinary shares on AIM will be lifted at 3.00pm today.

The Company's ordinary shares were suspended from trading on 23 May 2016 as it was in discussions regarding a potential acquisition which would have constituted a reverse takeover under the AIM rules for Companies. The Company is no longer engaged in discussions regarding the potential acquisition and has terminated all negotiations.

As previously announced, the Company became an investing company under AIM Rule 15 on 3rd September 2015. The Company is required to implement its investing policy within 12 months of becoming an AIM Rule 15 investing company. If this is not fulfilled, the Company will be suspended pursuant to AIM Rule 40.

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

June 22, 2016 10:00 ET (14:00 GMT)

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