The People's Operator PLC Update re: Bridging Finance (1521V)

TIDMTPOP

RNS Number : 1521V

The People's Operator PLC

19 July 2018

The People's Operator plc

("TPO", the "Company" or the "Group")

Update re: Bridging Finance

The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announces that it is in discussions with a third party regarding a potential investment in the Company.

The Company has received an initial advance from the third party and, while these discussions are continuing, it is the third party's intention to continue to provide bridging finance to the Company. It is anticipated that this bridging finance would ultimately be converted to equity as part of any potential investment by the third party.

Trading in the Company's ordinary shares on the AIM Market of the London Stock Exchange remains suspended pending publication of the Company's Annual Report for the year ended 31 December 2017, following which the Company will request the suspension to be lifted.

Further announcements will be made in due course.

For further details, please contact:

 
The People's Operator plc 
 Nick Dashwood Brown, Head of Investor Relations    07710 511259 
finnCap Ltd 
 Stuart Andrews / Simon Hicks                      020 7220 0500 
 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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July 19, 2018 04:08 ET (08:08 GMT)