NBNK Investments PLC Update on continuation (7172U)

TIDMNBNK

RNS Number : 7172U

NBNK Investments PLC

11 April 2016

NBNK Investments PLC

Fifth Floor

100 Wood Street

London

EC2V 7EX

11 April 2016

NBNK Investments plc (the "Company")

FURTHER UPDATE - DISCONTINUATION OF THE COMPANY

On 7 January 2016, the Company announced that it was engaged in discussions with target companies which, if one or more of the targets was acquired, would fulfil the Company's investing policy. The directors were of the opinion at that time that, since there was a realistic potential for an acquisition that could fulfil the Company's investing policy, it was in the best interests of shareholders for negotiations to continue for the time being. The Company's board resolved to extend until 11 April 2016 the point at which the directors would consider if it is appropriate to return unused funds to shareholders and/or to wind up the Company.

The directors now confirm that further negotiations with potential targets have not produced an acquisition proposition capable of being recommended to shareholders for approval.

As a consequence, and in accordance with the Company's previously stated intention, the directors have resolved that it is now appropriate to return unused funds to shareholders and/or to wind up the Company. Detailed consideration has begun into the most cost effective and timely way to achieve this and the directors will provide further updates and information for shareholders as soon as practicable.

- Ends -

For further information contact:

 
 Cenkos Securities plc (Nominated 
  adviser and broker) 
  Ian Soanes 
  Ivonne Cantu                       [phone] 
 
  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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April 11, 2016 02:00 ET (06:00 GMT)