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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Metal-Tech | LSE:MTT | London | Ordinary Share | IL0010926751 | ORD ILS0.2 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 21.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMMTT
RNS Number : 1872Z
Metal-Tech Ltd
12 March 2012
12 March 2011
Metal-Tech Ltd.
("Metal-Tech" or "the Company")
Update on prospective investment in the Company
Metal-Tech, the producer and recycler of speciality metals such as Tungsten and Molybdenum, provides the following update on talks with Technoplus Ventures Ltd. ("Technoplus"), an Israeli investment company listed on the Tel-Aviv Stock Exchange, following the announcement on 4 October 2011 regarding the signing of a memorandum of understanding (MOU) for the potential investment from Technoplus to Metal-Tech.
The Board would like to advise that the MOU with Technoplus and the "no-shop" period pursuant thereto, during which the Company and anyone acting on its behalf refrained from negotiating with third parties any transaction, which involves issuance of shares and/or options in the Company's equity, have expired.
Metal-Tech received a letter from Technoplus on 11 March, which included an allegation with respect to the Company's and other third parties liability for breach of the MOU. The Company strongly rejects any allegation that it has breached any of the conditions of the MOU and will rigorously defend itself against any such claims.
Metal-Tech continues to hold discussions with other potential investors and will inform the market of any further developments as required. The Board maintains that any future fundraising will be utilised to support the growth of the Company, both through investments in the Company's production facilities, and facilitating working capital as required.
Enquiries:
Metal-Tech Ltd. +972 544 215454 Ariel (Aik) Rosenberg Panmure Gordon +44 20 7459 3600 Fred Walsh Luther Pendragon +44 20 7618 9100 Harry Chathli, Alexis Gore
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUUUNRURAOAAR
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