Boston International Holdings PLC Termination of Potential Acquisition

RNS Number : 8562P

Boston International Holdings PLC

24 May 2024

 

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) ("UK MAR"). Upon the publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

For immediate release

24 May 2024

BOSTON INTERNATIONAL HOLDINGS PLC

("BIH" or the "Company")

Termination of Potential Acquisition of Hyperion

Update on Suspension of Listing

Further to the announcements of 5 October 2023 and 3 January 2024 relating to a potential acquisition by BIH of Hyperion Resources Limited ("Hyperion"), a private Seychelles company which through its wholly owned subsidiary, Camel Gold SRL, holds 100% interest in a gold and other precious metals exploration licence in Burkina Faso (the "Potential Acquisition"), BIH today announces that it has been unable to progress the Potential Acquisition which has been terminated with immediate effect.

The Company is actively considering other potential opportunities and would hope to have further news in due course. For now, the trading in the Company's ordinary shares remains suspended pending publication of the Company's audited annual report and accounts for the year ended 31 December 2023 (the "Accounts"). The Company is working with its auditors on the finalisation of its Accounts and a further announcement will be made in due course.

For more information, please contact:

Boston International Holdings Plc
Christopher Pitman, Chairman	[phone]
Beaumont Cornish Limited (Financial adviser)
Roland Cornish / Asia Szusciak	[phone]
Peterhouse Capital Limited (Broker)
Lucy Williams / Duncan Vasey	[phone]

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is Financial Adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.

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