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HNG Hawkwing Plc

6.50
0.00 (0.00%)
09 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hawkwing Plc LSE:HNG London Ordinary Share GB00BLF0L315 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hawkwing PLC Relisting (6936W)

24/12/2021 6:59am

UK Regulatory


Hawkwing (LSE:HNG)
Historical Stock Chart


From Dec 2021 to Dec 2024

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TIDMHNG

RNS Number : 6936W

Hawkwing PLC

24 December 2021

THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) 596/2014, WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

24 December 2021

Hawkwing plc

("Hawkwing" or the "Company")

Relisting

Further to the announcement of 13 December 2021, Hawkwing plc (LSE: HNG) has been informed by the Financial Conduct Authority ("FCA") that they regard the loan to Internet Fusion Group ("IFG") as a transaction under the definition of a reverse takeover. As a result of this the application to restore the listing of the Company at this time has been withdrawn.

As set out in our announcement of 17 September 2021, the Company made a loan of GBP13.7 million to IFG (the "IFG Loan") . The IFG Loan carries a 8% per annum interest rate from the date of drawdown and is for a three-year term. The IFG Loan also carries a redemption premium depending on when the IFG Loan is repaid. The IFG Loan is secured against the assets of the acquired businesses and guaranteed by IFG.

Discussions are continuing with IFG to unwind the loan and a further announcement will be made in due course. For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of Hawkwing is Keith Sadler, Senior Independent Non-Executive Director.

- Ends -

Enquiries:

 
 Hawkwing plc 
 Keith Sadler, Senior Independent Non-Executive 
  Director                                         +44 20 7618 9100 
 
 Luther Pendragon 
 Harry Chathli, Alexis Gore                        +44 20 7618 9100 
 
 

About Hawkwing plc

For more information, please refer to the Company's website: www.hawkwing.co

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

December 24, 2021 01:59 ET (06:59 GMT)

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