TIDMSNT

RNS Number : 0940U

Sabien Technology Group PLC

27 July 2020

27 July 2020

Sabien Technology Group plc

("Sabien" or the "Company")

Update re. Suspension

Following the announcement on 20 January 2020 regarding the possible acquisition of Ptarmigan Health Destinations SA, the Company's shares were suspended from trading on AIM with immediate effect. This is because the transaction would be classified as a reverse takeover in accordance with the AIM Rules for Companies ("AIM Rules"). Under the AIM Rules, the Company has six months from the date of suspension to publish an admission document setting out, inter alia, details of the proposed transaction or confirm these discussions have ceased. If neither of these outcomes is achieved, trading in the Company's shares will be cancelled.

Due to market impact of Covid-19 the Company has been granted an extension from six to twelve months from 20 January 2020 for publishing such an admission document or to confirm discussions concerning a transaction have ceased.

For further information:

 
                                                         +44 20 7993 
                                                          3700 
 Sabien Technology Group plc 
  Richard Parris, Chairman 
                                                          +44 203 328 
  Allenby Capital Limited (Nominated Adviser)             5656 
  John Depasquale / Asha Chotai 
 
  Peterhouse Capital Limited (Broker)                     +44 207 469 
  Duncan Vasey/ Lucy Williams                             0930 
 
  A copy of this announcement will be available 
  from the Company's website at www.sabien-tech.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDEAAXKALAEEAA

(END) Dow Jones Newswires

July 27, 2020 02:00 ET (06:00 GMT)

Grafico Azioni Sabien Technology (LSE:SNT)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Sabien Technology
Grafico Azioni Sabien Technology (LSE:SNT)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Sabien Technology