Armour Group PLC Update on Potential Transaction (2901O)

TIDMAMR

RNS Number : 2901O

Armour Group PLC

08 February 2016

Armour Group plc

("Armour" or "the Company")

Update on Potential Transaction

Further to the announcement of 12 November 2015, Armour is in advanced preparations to acquire a growing software business focused on mobile point of sale to large retailers.

The proposed transaction, which would constitute a reverse takeover pursuant to Rule 14 of the AIM Rules for Companies ("AIM Rules"), is conditional on completing outstanding due diligence and shareholder approval.

Armour expects to announce the proposed transaction and post a circular to shareholders, comprising an Admission Document, by the end of February 2016. It is expected that suspension of trading in the Company's shares will be lifted on completion of the transaction.

While the Armour directors are hopeful that a transaction will be completed as outlined above there can be no guarantee this will be the case. If this transaction does not proceed, the Company's listing on AIM will be cancelled in accordance with Rule 41 of the AIM Rules.

Further Details:

 
 Armour Group plc        Tel: 01634 
  Mark Wilson, Finance    673172 
  Director 
 finnCap Limited         Tel: 0207 
  Geoff Nash              220 0500 
  Grant Bergman 
  Stephen Norcross 
  (Broking) 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 08, 2016 02:00 ET (07:00 GMT)