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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Promethean | LSE:PTH | London | Ordinary Share | GB00B08H5G38 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPTH
RNS Number : 7518W
Promethean PLC
11 November 2014
11 November 2014
Promethean PLC
("Promethean" or the "Company")
Update in relation to investment in TIS
Further to the publication yesterday of the circular and notice of Extraordinary General Meeting outlining the terms of a proposed members' voluntary liquidation and proposed cancellation of admission to trading on AIM (the "Circular"), the Company has received notification that the possible third party offer to acquire the Company's stake in T.I.S Holdings Ltd (TIS") referred to in the Circular has subsequently been withdrawn.
As outlined in the Circular the Company intends to proceed with the proposed members' voluntary liquidation and proposed cancellation of admission to trading on AIM with any residual holding in TIS being distributed in specie to shareholders.
Unless defined herein, capitalised terms used in this announcement shall have the meaning attributed to them in the Circular.
Enquiries:
Promethean PLC +44 (0) 207 246 2590
Sir Peter Burt
S. P. Angel Corporate Finance LLP: +44 (0)20 3463 2260
Stuart Gledhill
Jeff Keating
This information is provided by RNS
The company news service from the London Stock Exchange
END
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