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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Strat Aero | LSE:AERO | London | Ordinary Share | GB00BFX0ZN92 | ORD 0.2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.15 | 1.05 | 1.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMAERO
RNS Number : 5629I
Strat Aero PLC
22 March 2018
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services
Strat Aero plc
Operational Update on Costs and Potential Acquisition
Strat Aero is pleased to provide shareholders with an operational update.
The Board has made considerable and rapid progress on reducing costs whilst continuing to enhance the performance and prospects of Geocurve, its main operating business. Board and corporate costs are both now materially reduced with the training division and the US operations now closed.
Our wholly owned subsidiary Geocurve has now commenced its initial innovative technology-based 3D and Virtual Reality survey service for the Environment Agency's Thames Estuary Asset Management 2100 (TEAM2100) programme and is in dialogue with other potential customers for similar services.
In pursuit of the strategy outlined in December, Strat Aero is in advanced discussions in relation to the acquisition of a substantial minority stake in a complementary innovative technology business with strong prospects for growth . If the transaction is concluded the purchase consideration will be met from current cash resources. Whilst the parties are very hopeful of reaching a definitive agreement in the near future, there can be no certainty that these discussions will conclude satisfactorily until the final documents are signed. Further announcements will be made in due course as appropriate.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement may have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
- ENDS -
For further information please visit www.strat-aero.com or contact:
Hot Features
Premium
Strat Aero plc Tel: +41 7941 55384
Trevor Brown (Director)
SP Angel Corporate Finance LLP Tel: +44 (0) 20 3470
0470
Nominated Adviser and Joint
Broker
Stuart Gledhill
Jeff Keating
Caroline Rowe
Peterhouse Corporate Finance Tel: +44 (0) 20 7469
0930
Joint Broker
Lucy Williams
Fungai Ndoro
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEWSMEFASEID
(END) Dow Jones Newswires
March 22, 2018 03:02 ET (07:02 GMT)
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