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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Simian Glbl | LSE:SMG | London | Ordinary Share | GB00BDHBGL97 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSMG 17 February 2017 SIMIAN GLOBAL PLC ( "Simian" or the "Company") Possible Acquisition and Suspension of Listing The Directors of Simian are pleased to inform shareholders that it has signed a non-binding letter of intent ("LOI") to acquire the entire issued share capital of GVC Holdings Limited, a limited liability company in the media and advertising business incorporated in the British Virgin Islands (the "Potential Target"), for new shares in the Company (the "Acquisition"). The Acquisition, if completed, would result in Simian shareholders having a minority interest in the enlarged group (the "Group"). For the avoidance of doubt, the Potential Target is not affiliated with GVC Holdings Plc, a company in the online sports and gaming business incorporated in the Isle of Man that trades on the London Stock Exchange. The Acquisition is subject, inter alia, to the completion of due diligence, documentation and compliance with all regulatory requirements, including the Listing and Prospectus Rules and, as required, the Takeover Code. The Acquisition, if it proceeds, will constitute a Reverse Takeover under the Listing Rules since, inter alia, in substance it will result in a fundamental change in the business of the issuer. As the Acquisition will constitute a Reverse Takeover under the Listing Rules, the listing in the Company's ordinary shares has been suspended at the Company's request pending the publication of a prospectus and the application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange. The Company is working on the preparation of a prospectus in relation to the Acquisition and will, in due course, be making application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange. The Company will update shareholders as the matter progresses. For more information: Simian Global Plc www.simianglobal.com Edward Kwan-Mang Ng, Director Tel: +44 (0) 20 7866 2145 or info@simianglobal.com Alfred Henry Corporate Finance Ltd Jon Isaacs Tel: +44 (0) 20 7309 2242 or jisaacs@alfredhenry.com END
(END) Dow Jones Newswires
February 17, 2017 02:35 ET (07:35 GMT)
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