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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Paragon Res | LSE:PAR | London | Ordinary Share | JE00B3YDHF95 | ORD 0.05P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.22 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
TIDMPAR
RNS Number : 1835D
Paragon Resources PLC
26 March 2014
Paragon Resources PLC
("Paragon" or the "Company")
(AIM: PAR)
Suspension of Share Trading & Company Update
26 March 2014
Suspension of Share Trading
Further to the announcement of 15 May 2013, and following the Company becoming an Investing Company (as defined in the AIM Rules for Companies (the "AIM Rules")) on 25 March 2013, the Company having not yet made an acquisition, or acquisitions, which constitutes a reverse takeover under the AIM Rules or otherwise to implement its Investing Policy to the satisfaction of AIM, by 25 March 2014, the Company's ordinary shares of 0.05p each ("Ordinary Shares") will be suspended from trading on AIM with effect from 0730 today ("Suspension"). If the Company's Investing Policy has not been implemented within 6 months of Suspension, then admission of the Company's Ordinary Shares to trading on AIM will be cancelled.
Company Update
The Board of Paragon is currently in active negotiation and is undertaking due diligence on certain proposals. If these negotiations were to prove successful and the transactions to be completed, these would be expected to constitute a reverse takeover under the AIM Rules. These negotiations are being pursued with the intention of completion prior to 26 September 2014, when the Company's Ordinary Shares would otherwise be cancelled from trading on AIM, although there can be no assurance that a transaction will be successfully completed, nor that it can be achieved in this timescale. Further announcements will be made at the appropriate time. The Board is fully committed to developing a substantial agribusiness group, focussed on Africa, through a process of both acquisition and organic growth and is confident that one of the current proposals will form the right starting point.
ENDS
For further information, please contact:
Hot Features
Premium
Paragon Resources PLC Allenby Capital Limited
Simon Hunt (Nominated Adviser and Broker)
(Chairman) Nick Harriss/Jeremy Porter/James
+44 7733 337 755 Reeve
www.paragon-resources.com +44 20 3328 5656
www.allenbycapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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