Hawkwing PLC Completion of sale of Australian Businesses (3466L)
05 Settembre 2019 - 10:55AM
UK Regulatory
TIDMHNG
RNS Number : 3466L
Hawkwing PLC
05 September 2019
5 September 2019
Hawkwing plc
("Hawkwing" or the "Company")
Completion of the sale of the Australian Businesses
Hawkwing plc (AIM: HNG) (formerly TLA Worldwide plc) is pleased
to announce that following the result of its General Meeting held
on 29 August 2019, the sale of the Australian Businesses ("Sale")
has now completed.
As Completion has occurred, Dwight Mighty will be resigning, as
of 5 September 2019, from his position as Chief Operating Officer
of the Company (non-Board) but will remain as company secretary of
the Company and as a director and company secretary of TLAA, TLA
Acquisitions (Number Two) Limited and TLA-ESP.
To ensure an orderly transition, Mr Mighty has agreed to become
a non-executive director of the Company. A further announcement
will be made on his appointment.
Further details of the Sale are set out in the circular to
shareholders dated 13 August 2019 ("Circular").
Following completion of the Sale, the Company is categorised by
AIM as an AIM Rule 15 cash shell. As such, the Company will be
required to make an acquisition or acquisitions which constitute a
reverse takeover under Rule 14 of the AIM Rules on or before the
date falling six months from completion or be re-admitted to
trading on AIM as an investing company under the AIM Rules (which
requires the raising of at least GBP6 million) failing which, its
ordinary shares would then be suspended from trading on AIM
pursuant to Rule 40 of the AIM Rules. Admission to trading on AIM
would be cancelled six months from the date of suspension should
the reason for the suspension not have been rectified.
Unless the context otherwise requires, capitalised terms in this
announcement shall have the same meaning ascribed to them in the
Circular.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Enquiries:
Hawkwing plc
Keith Sadler, Interim Non-Executive Chairman +44 20 7618 9100
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Beaumont Cornish Limited (Nomad and Broker)
Roland Cornish, James Biddle +44 20 7628 3396
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Luther Pendragon
Harry Chathli, Alexis Gore +44 20 7618 9100
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END
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September 05, 2019 04:55 ET (08:55 GMT)
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