Update on Proposed Acquisition of Moroccan Salts

RNS Number : 8410J

Emmerson PLC

04 April 2018

 

4 April 2018

Emmerson plc

("Emmerson" or the "Company")

Update on the proposed acquisition of Moroccan Salts Limited ("MSL")

Further to the announcement by the Company on 17 October 2017 regarding the intended acquisition of MSL (the "Acquisition") the Board is pleased to announce that it is currently working on the prospectus and on agreeing eligibility with the UK Listing Authority.  

As under the Listing Rules, the Acquisition is classified as a reverse takeover, it resulted in the suspension of the Company's shares from listing and trading pending publication of a prospectus and accordingly the Company's ordinary shares will remain suspended until such time as the prospectus is published.

Following approval and publication of the prospectus, the Company's existing listing will be cancelled and an application for the enlarged share capital to be admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange will be made.

The Company will make further announcements in due course.

For further information please contact:

Emmerson Plc	www.emmersonplc.com
Graham Smith Ed McDermott	T: 01624 681250 [e-mail] T: 07879475334
Optiva Securities Limited	www.optivasecurities.com
Christian Dennis	T: 020 3137 1904  [e-mail]
Peterhouse Corporate Finance Limited
Duncan Vasey / Lucy Williams	T: 020 7469 0936
Beaumont Cornish Limited
James Biddle/ Roland Cornish	T: 0207 628 3396
FlowsComms Ltd
Sasha Sethi	T. 07891 677 441
	[e-mail]

 

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