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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ambrian | LSE:AMBR | London | Ordinary Share | GB0003763140 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.50 | 1.25 | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAMBR
RNS Number : 6121I
Ambrian PLC
26 March 2015
Ambrian plc
("Ambrian" or the "Company")
Completion of Merger with Consolidated General Minerals (Schweiz) AG
Ambrian is pleased to announce that it has completed the merger (the "Swiss Entities Merger") of Ambrian's Swiss subsidiary, Ambrian Metals Limited, with Consolidated General Minerals (Schweiz) AG ("CGM Schweiz"), the Swiss subsidiary of Consolidated General Minerals plc ("CGM"), and the subsequent acquisition by Ambrian of the shareholding of CGM in the merged Swiss entity, together with all the indebtedness of the CGM Schweiz Group owed to CGM (the "Acquisition").
Accordingly, re-admission to trading on AIM of the 111,361,208 Existing Issued Ordinary Shares of GBP0.01 pence will occur at 8.00 a.m. on 27 March 2015.
As announced on 17 February 2015, on completion of the Acquisition, Robert Adair and Jean-Pierre Conrad joined the Board of Directors of Ambrian as Chairman and CEO respectively. Disclosures in accordance with the AIM Rules for Companies in respect of these appointments were set out in Appendix 1 to the announcement made on 17 February 2015.
Commenting on the Acquisition and the Swiss Entities Merger, Robert Adair, Chairman of Ambrian said:
"The combination of the two companies provides the Enlarged Group with a solid platform from which to enhance value for shareholders. I am also pleased that CGM has, by way of this merger, achieved its objective of returning to the listed market."
Commenting on the Acquisition and the Swiss Entities Merger, Kevin Lyon, Non-executive Director of Ambrian said:
"The merger with CGM Schweiz represents an exciting opportunity for all shareholders and is a culmination of Ambrian's strategy which has been developed over last 12 months with our key investors. It fulfils our objectives of broadening our activities, building our equity base and adding to our management team. The Enlarged Group is well placed to move forward from a significantly stronger base."
For further information, please contact:-
Ambrian plc Robert Adair, Chairman +44 (0)7872 930 114 Jean-Pierre Conrad, CEO + 41 79 601 51 59 Roger Clegg, COO +44 (0)20 7634 4700 John Coles, FD Cenkos Securities plc Neil McDonald +44 (0)131 220 9771 Nick Tulloch +44 (0)131 220 9772
This information is provided by RNS
The company news service from the London Stock Exchange
END
MERUNSVRVBAOUAR
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