LONDON (Thomson Financial) - Aquilo PLC said it has received an approach for
its IT Solutions business.
The company said its other main trading subsidiary AIRS is seeing strong
demand due to a combination of flood related repair work, new contracts and the
increase in business being referred by existing customers.
It said that due to the cost involved and the low market capitalization of
the company, it is considering delisting from AIM.
The company said a further announcement would follow.
The company also said that the 6 pct arrangement fee on a 1.5 mln stg loan
has been waived, with the equivalent value of warrants being issued in its
place, exercisable at the current Aquilo share price.
TFN.newsdesk@thomson.com
rsh/dca
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