Path Investments plc Update re cancellation of standard listing (0495H)
March 08 2018 - 2:00AM
UK Regulatory
TIDMPATH
RNS Number : 0495H
Path Investments plc
08 March 2018
8 March 2018
Path Investments plc
("Path" or the "Company")
Update re intended cancellation of standard listing and trading
on the Main Market
Path Investments plc (TIDM: PATH), is pleased to provide the
following update in relation to the Company's conditional
acquisition of a 50% participating interest in an onshore producing
conventional gas field, the Alfeld-Elze II Licence and Gas Field in
Germany, located some 22 km south of Hannover (the
"Acquisition").
As previously announced, the Company intends to undertake a fund
raising and to seek admission of the Company's ordinary shares to
trading on the AIM Market of the London Stock Exchange plc ("AIM")
during Q1 2018 (the "Proposed Transaction") in conjunction with the
completion of the Acquisition.
The Company confirms that progress continues to be made in
advancing preparations for the Proposed Transaction, but there can
be no certainty at this time that it will be successfully
completed. In order to complete the equity fund raising and seek
admission of the Ordinary Shares to trading on the AIM Market of
the London Stock Exchange ("AIM") in an orderly manner the Company
has requested that the cancellation of the listing of the Ordinary
Shares on the Official List be postponed until 8.00 a.m. on
Thursday 29 March 2018. Accordingly, it is currently expected that
the last day of dealings in the Ordinary Shares (which remain
suspended) on the Main Market will be Wednesday 28 March 2018.
Further announcements will be made, as appropriate, in due
course.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
For further information please contact:
Path Investments plc
Christopher Theis
Andy Yeo 020 3934 6632
Shard Capital (Broker and Financial
Adviser)
Simon Leathers
Damon Heath 020 7186 9900
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Heather Armstrong
Miles Nolan 020 3934 6630
This information is provided by RNS
The company news service from the London Stock Exchange
END
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