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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Transglobe Energy Corporation | LSE:TGL | London | Ordinary Share | CA8936621066 | CMN SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 295.00 | 280.00 | 310.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTGL
RNS Number : 7632R
Touchstone Gold Limited
01 July 2015
Touchstone Gold Limited ("Touchstone", "TGL" or the "Company")
Notification of suspension
GOS Systems and proposed re-admission to AIM
London, 1 July 2015 - Touchstone announces that, in accordance with Rule 15 of the AIM Rules for Companies ("AIM Rules"), the Company's shares will today be suspended from trading on AIM from 7.30 a.m. London time as a result of the Company not completing an acquisition which constitutes a reverse takeover under the AIM Rules, or otherwise implemented its investing policy within twelve months of becoming an investing company. In the event that the Company is unable to implement its investing policy within the next six months (i.e. by 31 December 2015), admission of the Company's shares will be cancelled in accordance with Rule 41 of the AIM Rules.
The Company also announces that it has been unable to publish its Report & Accounts for the year ended 31 December 2014 within 6 months of the year end as required under the AIM Rules. A further announcement regarding this will be made in due course.
The Company's investment in GOS Systems ("GOS"), a security sector focused technology business, is at the core of Touchstone's investment strategy. In the opinion of the Board, GOS has become an important and valuable asset. TGL's recently announced investment in Cambridge Quantum Computing Limited is complementary to the GOS business, as is TGL's investment in Smart Desk Systems Limited. It has now been resolved by the TGL Board, subject to shareholder approval, that:
-- any future acquisitions that might be made will be complementary to GOS;
-- GOS' chief executive officer Jamie Ridealgh be appointed to TGL's Board as TGL chief executive officer; and
-- the Company's name be changed to GOS Systems.
This is a proposed fundamental change of business constituting a reverse takeover under Rule 14 of the AIM Rules; it will therefore be conditional upon the publication of an admission document by the Company and the approval of the Company's shareholders at a general meeting. The Company would seek re-admission to AIM as an operating company and not as an investing company under the AIM Rules.
A further announcement regarding progress of the above proposals will be made in due course. The Company also looks forward to providing shareholders with an update on commercial activity post 31st December 2014. The directors note that progress continues to be better than expected.
About GOS Systems
GOS Systems is a UK security group providing a range of leading-edge tactical and strategic intelligence gathering and secure communication solutions for law enforcement, homeland security and government agencies around the world
GOS' tactical intelligence gathering solutions provide real-time monitoring of cellular, voice, SMS, and IMSI and IMEI metadata
GOS' safe communications solution offers secure mobile telephony services to ensure privacy and security for customers
For further information please contact:
Touchstone Gold Limited Tel: +44 20 3301 www.touchstonegold.com 9337 Trevor Wells finnCap Ltd Tel: +44 20 7220 Ed Frisby / Simon 0500 Hicks Peterhouse Corporate Tel: +44 20 7469 Finance Limited 0936 Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
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