Boston International Holdings PLC Update on Proposed Acquisition (2399C)
January 18 2018 - 3:55AM
UK Regulatory
TIDMBIH
RNS Number : 2399C
Boston International Holdings PLC
18 January 2018
18 January 2018
BOSTON INTERNATIONAL HOLDINGS PLC
("BIH" or "the Company")
Update on Proposed Acquisition
Further to the announcement of 22 August 2017, the Board of BIH
is pleased to confirm that due diligence in respect of the proposed
acquisition of the entire issued share capital of Cornhill FX
Holdings Limited ("CFXH") is now at an advanced stage. The
directors are optimistic that the acquisition will conclude by
early Q2 of 2018 however this is subject to reaching a binding
agreement with the shareholders of CFXH and approval by the UKLA of
re-admission to the main market of the London Stock Exchange.
Accordingly, the directors of BIH cannot guarantee that the
proposed transaction will complete or provide any indication of a
likely completion date and will update the market as matters
progress.
The Company's ordinary shares remain suspended until such time
as a prospectus is published in relation to the proposed
acquisition or the Company announces that the discussions have been
terminated.
ENDS
BIH is a special purpose acquisition company ("SPAC") listed on
the standard segment of the official list, with shares traded on
the main market of the London Stock Exchange. BIH is seeking to
acquire a business operating in the foreign exchange ("FX") sector.
Following the acquisition, BIH intends to seek re-admission its
shares to the standard segment of the Official List.
Enquiries:
Cairn Financial Advisers LLP
Jo Turner / David Coffman
Tel: +44 20 7213 0880
Cornhill Capital Limited (Broker)
Nick Bealer
+44 20 3700 2500
This information is provided by RNS
The company news service from the London Stock Exchange
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