Iafyds PLC Change of Adviser (6131T)

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RNS Number : 6131T

Iafyds PLC

21 July 2015

Iafyds PLC ("IAFYDS")

Appointment of Nominated Adviser and Broker

The Board is pleased to announce that finnCap Limited have been appointed as Nominated Adviser and Broker to Iafyds with immediate effect.

Iafyds is in advanced preparations to acquire a profitable UK software business focused on remote data access.

The proposed transaction is conditional on completing outstanding due diligence, shareholder approval and a funding round.

Iafyds and the UK software business, together with their respective institutional backers and professional advisers, are expecting to announce the proposed transaction by the end of July 2015. Iafyds will apply for a restoration of trading of the Company's shares on AIM on completion of the transaction.

While the Iafyds directors are hopeful that a transaction will be completed as outlined above there can be no guarantee this will be the case before the Company's listing on AIM is due for permanent cancellation on 6 August 2015.

Contact:

Iafyds PLC

Clive Carver, non-executive Chairman 07743 897 081

finnCap Limited

Geoff Nash/ Giles Rolls 0207 220 0500

This information is provided by RNS

The company news service from the London Stock Exchange

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