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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gloo Networks | LSE:GLOO | London | Ordinary Share | GB00BYVTYD43 | 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% | 47.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMGLOO
RNS Number : 1958J
Gloo Networks PLC
28 March 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AND ANY MEMBER STATE OF THE EEA (OTHER THAN THE UK) OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BREACH APPLICABLE LAW. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED.
28 March 2018
Gloo Networks plc
Update on acquisition strategy
The board of directors of Gloo Networks plc ("Gloo" or the "Company") announces it is continuing to review acquisition opportunities, following recent discussions with a potential target. However, Gloo is no longer considering a reverse takeover or the issue of additional shares on AIM in respect of this opportunity.
After the payment of transaction expenses, Gloo's cash balance is expected to be in the range of GBP12 million to GBP14 million, or 47 pence to 55 pence per share, at 31 March 2018.
Enquiries:
Gloo Networks plc
Rebecca Miskin, Chief Executive Officer (through Teneo Blue Rubicon)
Liberum Capital Limited (Nominated Adviser and Joint Broker)
Tel: +44 20 3100 2000
Neil Elliot
Chris Clarke
Jonathan Wilkes-Green
Numis Securities Limited (Joint Broker)
Tel: +44 20 7260 1000
Nick Westlake
Michael Wharton
Jamie Loughborough
Teneo Blue Rubicon (Financial communications adviser)
Tel: +44 20 7240 2486
Paul Durman +44 7793 522 824
Anushka Mathew +44 7824 440 915
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
Rebecca Miskin is Chief Executive Officer of Gloo Networks plc, which has its offices at 20 Buckingham Street, London WC2N 6EF and has the LEI 21380078XGCMNMEIU311.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQDMGZFKRKGRZG
(END) Dow Jones Newswires
March 28, 2018 02:01 ET (06:01 GMT)
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