ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

PATH Path Investments Plc

0.27
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Path Investments Plc LSE:PATH London Ordinary Share GB00BYQD5059 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.27 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Path Investments plc General Meeting Statement (9800S)

29/06/2018 7:00am

UK Regulatory


Path Investments (LSE:PATH)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Path Investments Charts.

TIDMPATH

RNS Number : 9800S

Path Investments plc

29 June 2018

Path Investments plc

("Path" or the "Company")

General Meeting Statement

Path Investments plc (TIDM: PATH) will be holding a General Meeting today at 5 p.m. at the offices of Womble Bond Dickinson (UK) LLP, 4 More London Riverside, London, SE1 2AU. Christopher Theis, Chief Executive Officer, will provide the following trading update at today's meeting:

"As previously announced, the Company intends to undertake a fund raising and to seek admission of the Company's Ordinary Shares to trading on the AIM Market of the London Stock Exchange plc ("AIM") in conjunction with the completion of the acquisition of a 50% participating interest in an onshore producing conventional gas field, the Alfeld-Elze II Licence and Gas Field in Germany, located some 22 km south of Hannover (the "Proposed Transaction").

The Company confirms that progress continues to be made in preparing for the proposed admission to AIM and in delivering an efficient financial structure for the Proposed Transaction, but there can be no certainty at this time that it will be successfully completed.

The macro economic factors supporting the Proposed Transaction are strong with the German government's target to phase out nuclear power generation by 2022, along with the retirement of the majority of Germany's coal fired power stations, with a long-term focus on the development of renewable energy sources. The Company believes that natural gas, and the flexibility it provides in meeting fluctuations in demand, will remain the most favourable source of primary energy consumption after renewables during Germany's energy transition.

The Company is also pleased to announce the appointment of Cantor Fitzgerald as joint financial adviser and broker to the Company as well as bookrunner in the proposed fund raising."

Further announcements will be made, as appropriate, in due course.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Path Investments plc

Christopher Theis, Andy Yeo +44 (0) 20 3934 6632

Cantor Fitzgerald (Joint financial Adviser, Broker and Bookrunner)

Nick Tulloch +44 (0) 131 257 4634

Shard Capital (Joint Financial Adviser and Broker)

Simon Leathers, Damon Heath +44 (0) 20 7186 9900

IFC Advisory (Financial PR & IR)

Tim Metcalfe, Heather Armstrong, Miles Nolan +44 (0) 20 3934 6630

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

GMSVVLFLVQFBBBZ

(END) Dow Jones Newswires

June 29, 2018 02:00 ET (06:00 GMT)

1 Year Path Investments Chart

1 Year Path Investments Chart

1 Month Path Investments Chart

1 Month Path Investments Chart

Your Recent History

Delayed Upgrade Clock