NBNK Investments PLC Update and continuation of the Company (0824L)

TIDMNBNK

RNS Number : 0824L

NBNK Investments PLC

07 January 2016

NBNK Investments PLC

Fifth Floor

100 Wood Street

London

EC2V 7EX

7 January 2016

NBNK Investments plc (the "Company")

UPDATE AND CONTINUATION OF THE COMPANY

Following the share subscription and tender offer implemented on 11 January 2013, the Company has continued to seek appropriate acquisitions in line with its investing policy. The Company has previously stated that, should there have been no acquisition by 11 January 2016, the directors would review the Company's position and consider if it was appropriate to return unused funds to shareholders and/or to wind up the Company.

The current position is that the Company is engaged in discussions with target companies which, if one or more of the targets is acquired, would fulfil the Company's investing policy. The directors are of the opinion that, since there is currently a realistic potential for an acquisition that could fulfil the Company's investing policy, it is in best interests of shareholders for negotiations to continue for the time being.

With that in mind, the Company's board has resolved to extend until 11 April 2016 the point at which the directors will consider if it is appropriate to return unused funds to shareholders and/or to wind up the Company.

Further announcements will be made in due course as appropriate.

- Ends -

For further information contact:

 
 Cenkos Securities plc (Nominated 
  adviser and broker) 
  Ian Soanes                          [phone] 
  Ivonne Cantu 
 
  Law Debenture Corporate Services 
  Limited (Company Secretary) 
  Ian Bowden                           [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 07, 2016 02:00 ET (07:00 GMT)