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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tricor | LSE:TRIC | London | Ordinary Share | GB00B79BCZ12 | ORD 0.001P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMTRIC
RNS Number : 5493L
Tricor PLC
03 October 2016
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Tricor plc
("Tricor" or the "Company")
Completion of disposal and new operating agreements
Tricor plc (AIM: TRIC) announces that following the Company's announcement of 2 September 2016 and subsequent announcement of 30 September 2016, the Company has today signed Settlement Agreement 1 and Settlement Agreement 2, as detailed in the Company's circular, published on 5 September 2016. Accordingly, the disposal of the plant and equipment of Tricor Minerals Pte Ltd to KGGD Pte Ltd and the new operating arrangements between Tricor Environmental Pte Ltd and KGGD Pte Ltd are now complete and the Company is now classified as an AIM Rule 15 cash shell pursuant to Rule 15 of the AIM Rules for Companies ("AIM Rules").
The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (which will be deemed to be the date of completion of the Disposal) or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million), failing which, the Company's ordinary shares would then be suspended from trading on AIM. After six months of suspension, the Company's Ordinary Shares would then be cancelled from trading on AIM.
The Company is currently in ongoing discussions with a number of potential reverse takeover targets. The Board believes that there is a reasonable chance that the Company will undertake a reverse takeover within the permitted six-month timeframe. Consequently, at this time, the Board does not have plans to re-admit the Company to trading on AIM as an investing company.
The Company will make further announcements as appropriate.
Enquiries:
Tricor plc Chan Fook Meng CEO +65 6236 2985 Allenby Capital Ltd (Nominated Adviser & Broker) +44 (0) 20 3328 John Depasquale/Richard Short 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISMJBITMBAMBBF
(END) Dow Jones Newswires
October 03, 2016 11:00 ET (15:00 GMT)
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