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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 Update re cancellation of standard listing (0495H)

08/03/2018 7:00am

UK Regulatory


Path Investments (LSE:PATH)
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TIDMPATH

RNS Number : 0495H

Path Investments plc

08 March 2018

8 March 2018

Path Investments plc

("Path" or the "Company")

Update re intended cancellation of standard listing and trading on the Main Market

Path Investments plc (TIDM: PATH), is pleased to provide the following update in relation to the Company's conditional 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 "Acquisition").

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") during Q1 2018 (the "Proposed Transaction") in conjunction with the completion of the Acquisition.

The Company confirms that progress continues to be made in advancing preparations for the Proposed Transaction, but there can be no certainty at this time that it will be successfully completed. In order to complete the equity fund raising and seek admission of the Ordinary Shares to trading on the AIM Market of the London Stock Exchange ("AIM") in an orderly manner the Company has requested that the cancellation of the listing of the Ordinary Shares on the Official List be postponed until 8.00 a.m. on Thursday 29 March 2018. Accordingly, it is currently expected that the last day of dealings in the Ordinary Shares (which remain suspended) on the Main Market will be Wednesday 28 March 2018.

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                             020 3934 6632 
Shard Capital (Broker and Financial 
 Adviser) 
 Simon Leathers 
 Damon Heath                          020 7186 9900 
IFC Advisory (Financial PR & IR) 
 Tim Metcalfe 
 Heather Armstrong 
 Miles Nolan                          020 3934 6630 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFKODQKBKBQNK

(END) Dow Jones Newswires

March 08, 2018 02:00 ET (07:00 GMT)

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