Update re. Suspension

RNS Number : 0940U

Sabien Technology Group PLC

27 July 2020

 

27 July 2020

Sabien Technology Group plc

("Sabien" or the "Company")

Update re. Suspension

Following the announcement on 20 January 2020 regarding the possible acquisition of Ptarmigan Health Destinations SA, the Company's shares were suspended from trading on AIM with immediate effect. This is because the transaction would be classified as a reverse takeover in accordance with the AIM Rules for Companies ("AIM Rules"). Under the AIM Rules, the Company has six months from the date of suspension to publish an admission document setting out, inter alia, details of the proposed transaction or confirm these discussions have ceased. If neither of these outcomes is achieved, trading in the Company's shares will be cancelled.

Due to market impact of Covid-19 the Company has been granted an extension from six to twelve months from 20 January 2020 for publishing such an admission document or to confirm discussions concerning a transaction have ceased.

For further information:

Sabien Technology Group plc  Richard Parris, Chairman  Allenby Capital Limited (Nominated Adviser) John Depasquale / Asha Chotai  Peterhouse Capital Limited (Broker) Duncan Vasey/ Lucy Williams	[phone] [phone]  [phone]
A copy of this announcement will be available from the Company's website at  www.sabien-tech.co.uk

 

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