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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xsn | LSE:XSN | London | Ordinary Share | GB0006016413 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8652Q XSN PLC 27 March 2008 27 March 2008 XSN plc ("XSN" or "the Company") Comment on suspension On 26 March 2007, shareholders approved the adoption of a change in strategy for XSN to that of an investment company. Under the AIM Rules, the Company was required to complete a reverse takeover by 26 March 2008 or trading in the ordinary shares of the Company on AIM would be suspended for up to six months, following which the listing on AIM will be cancelled if a reverse takeover has not been completed before the end of that six month period. The Company has been actively seeking a suitable acquisition but has not yet been able to conclude such a transaction and, accordingly, trading in the Company's shares is being suspended with effect from this morning. Possible acquisition The Company is, however, pleased to report that it has agreed the terms by which it would acquire another business through a reverse acquisition. The board of XSN expects to announce details of the transaction and publish a circular to shareholders next month. Further announcements will be made as appropriate. For further information: XSN plc David Elstein 077 3985 3187 Grant Thornton Corporate Finance Colin Aaronson 020 7383 5100 This information is provided by RNS The company news service from the London Stock Exchange END MSCPUUPAWUPRGRQ
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