365 365 Agile Group

TIDM365

RNS Number : 8182X

365 Agile Group PLC

27 February 2017

365 Agile Group plc

("365 Agile" and the "Company")

Suspension of Trading in Shares

365 Agile announces that, following becoming an AIM Rule 15 cash shell (as defined in the AIM Rules for Companies (the "AIM Rules")), on 26 August 2016 and as a result of the Company having not yet made an acquisition, or acquisitions, which constitute a reverse takeover under the AIM Rules (a "Reverse Takeover"), or having otherwise sought re-admission as an investing company with the attendant requirement of raising at least GBP6 million, the Company's ordinary shares have been suspended from trading on AIM with effect from 7.30 a.m. today.

The Board is in discussions with potential acquisition targets in order to complete a transaction by 25 August 2017. Should the Company not undertake a Reverse Takeover or seek re-admission as an investing company by that date, admission of 365 Agile's ordinary shares to trading on AIM will be cancelled on 28 August 2017. The Company continues to be funded by the ongoing payments it receives from its licence agreement with Castleton Technology plc.

Contacts:

 
 365 Agile Group plc                     +44 (0) 345 504 0365 
 Clive Carver, Non-executive Chairman 
 finnCap Limited                         +44 (0)20 7220 0500 
 Geoff Nash/Giles Rolls 
 MXC Capital Markets LLP                 +44 (0)20 7965 8149 
 Charlotte Stranner/ Marc Young 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 27, 2017 03:00 ET (08:00 GMT)

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