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Velox3 PLC (VLOX)

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Monday 16 November, 2015

Velox3 PLC

Update on possible suspension

RNS Number : 7477F
Velox3 PLC
16 November 2015
 

VELOX3 PLC

("Velox3" or "the Company")

Update on possible suspension

 

As mentioned in the announcements of 16 February 2015 and 30 September 2015, the Company has until 4 December 2015 to implement its investing policy, failing which, the Company's shares would then be suspended from trading on AIM. Whilst Velox3 continues to actively explore investment opportunities in line with its investing policy, the board now believes that it will not be able to implement the Company's investing policy within the deadline of 4 December 2015 and it therefore expects that trading in the Company's ordinary shares on AIM will be suspended on 7 December 2015 ("Suspension").

Shareholders should be aware that following Suspension, the admission to trading on AIM of the ordinary shares would be cancelled six months from the date of Suspension should the Company not be able, within this timeframe, to complete a transaction which constitutes a reverse takeover under AIM Rule 14 or otherwise implement its investing policy. In these circumstances, the Board would intend to convene a general meeting of the Company to consider whether to continue seeking investment opportunities or to wind up the Company.

For further information please contact:

 

Velox3

David Mathewson, Executive Chairman                                +31 (0)20 775 0910

 

Westhouse Securities                                                                 +44 (0)20 7601 6100

Antonio Bossi

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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