Termination of Acquisition & Update on Suspension

RNS Number : 2431R

Boston International Holdings PLC

04 March 2021

 

For immediate release

4 March 2021

Boston International Holdings plc

("BIH" or "the Company")

Termination of Intended Acquisition and Update on Suspension

The Directors of BIH announce that they have been unable to complete the intended transaction and accordingly have terminated the heads of terms signed in March 2020 with Alexanders Discount Limited ("Target"), an invoice factoring company based in Southeast England, in relation to the potential acquisition by BIH of the Target.

The Company will continue its search for acquisition opportunities, as outlined in the Company's prospectus published in October 2016. It is expected that the Company's ordinary shares will resume trading on the Main Market of the London Stock Exchange in due course following consultation with the FCA and completion of a fundraise. In the meantime, they remain suspended from trading.

A further announcement will be made as appropriate in due course.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For more information please contact:

Boston International Holdings Plc
Borden James	[phone]
Beaumont Cornish Limited
Roland Cornish	[phone]

 

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