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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
BrandShield Systems Plc | LSE:TSI | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 19.00 | 18.00 | 20.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTSI
RNS Number : 2890Z
Two Shields Investments PLC
17 September 2020
Two Shields Investments plc
("Two Shields Investments" or the "Company")
17 September 2020
Statement re share price movement; reverse takeover of BrandShield
The Board of Two Shields Investments plc (AIM:TSI), notes the recent movement in the Company's share price and comment on social media.
TSI confirms that it has agreed terms for an acquisition of BrandShield Ltd ("BrandShield") in a share for share offer, and is in the advanced stages of finalising an accompanying equity raise.
BrandShield is a cybersecurity company offering online threat intelligence for companies globally. The Company currently has an 11.34% shareholding in BrandShield and a convertible loan note subscription of $1.8m, which if exercised would take its total holding to c20%.
Should the acquisition of BrandShield ("Acquisition") proceed, it would constitute a reverse takeover in accordance with AIM Rule 14 of the AIM Rules for Companies. Accordingly, the Company's shares have been suspended from trading on AIM earlier this morning, and will remain so until either the publication of an admission document setting out, inter alia, details of the proposed transaction or until confirmation is given that discussions have ceased.
Shareholders should note that the Acquisition is subject to the finalisation and signing of a share purchase agreement and placing agreement, and there can be no certainty therefore at this time that the Acquisition will proceed as envisaged.
Further announcements will be made as appropriate.
For further information please visit https://twoshields.co.uk/ or contact: Two Shields Investments +44 (0)20 3143 Andrew Lawley Plc 8300 Spark Advisory Neil Baldwin Partners Limited +44 (0) 20 3368 / Andrew Emmott (Nominated Adviser) 3554 Turner Pope Investments (TPI) Ltd +44 (0) 20 3657 Andy Thacker (Joint -broker) 0050 Optiva Securities Limited +44 (0) 20 3137 Robert Emmet (Joint -broker) 1902 Robin Tozer Newgate Communications +44 (0) 203 / Bob Huxford (PR) 757 6880
Notes to Editors:
Two Shields Investments plc, the AIM quoted investment company with a strategy to build a portfolio of high-quality investments in fast growing, scalable digital and technology enabled businesses, including those in the cyber security, e-commerce services and consumer sectors. The Company has appointed an experienced Board of Directors with a proven pedigree in the origination, acquisition, development & sale of projects and creating value for shareholders. The investment mandate covers unquoted and quoted businesses, as well as direct project investment. Where appropriate the Board will apply its extensive combined experience to directly support investee businesses achieve their growth potential.
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(END) Dow Jones Newswires
September 17, 2020 03:29 ET (07:29 GMT)
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