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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Opera Inv | LSE:OPRA | London | Ordinary Share | GB00BSNBL022 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOPRA
RNS Number : 2435C
Opera Investments plc
11 April 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
Opera Investments plc ("Opera")
Update on Proposed Transaction by Opera to acquire the Imweru and Lubando Gold Projects from Kibo Mining plc ("Kibo")
Notice of Cancellation of Listing on the Official List and Proposed Admission to Trading on the AIM Market of the London Stock Exchange ("AIM")
11 April 2017
Further to the announcements made by Kibo and Opera on 23 September, 2 December 2016 and 2 March 2017, Opera announces the following update in relation to the potential transaction by Opera to acquire the Imweru and Lubando Gold Projects from Kibo ("the Proposed Transaction").
The directors of Opera are pleased to announce that the transaction documentation required to complete the Proposed Transaction is substantially complete. In addition, the fund raising to complete the Proposed Transaction and the proposed admission to AIM is underway.
As previously announced, as part of the Proposed Transaction, Opera intends to apply to the UK Listing Authority ("UKLA") and London Stock Exchange plc ("LSE") requesting the cancellation of admission of the Company's shares to the standard segment of the UKLA's Official List and to trading in the Company's shares on the LSE's main market for listed securities and will seek admission to AIM of the enlarged share capital of Opera.
Pursuant to Listing Rule 5.2.8, the Company announces that the cancellation notice period has now commenced and cancellation is expected to take effect from 8:00 a.m. on 15 May 2017, being the anticipated completion date for the Proposed Transaction and admission of the Company's shares to trading on AIM.
Whilst transaction matters are at an advanced stage and Opera is therefore making this announcement, no binding agreement in respect of the Proposed Transaction has been reached and accordingly, there can be no certainty that the Proposed Transaction will proceed.
Shareholders should note that there remain a number of matters upon which completion of the Proposed Transaction is conditional, including, inter alia, completion of the associated fundraise and shareholder approval. In the event that the Proposed Transaction does not proceed, Opera intends to withdraw its cancellation request.
Further announcements in relation to the Proposed Transaction will be made as appropriate.
Enquiries
Paul Dudley +44 (0) 20 3551 4872 Opera Investments plc
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR).
This information is provided by RNS
The company news service from the London Stock Exchange
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April 11, 2017 11:43 ET (15:43 GMT)
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