Corporate Update

RNS Number : 4319Q

Sabien Technology Group PLC

18 October 2019

 

For immediate release

18 October 2019

Sabien Technology Group plc

("Sabien" or the "Company")

Corporate Update

The Board of Sabien notes the recent increase in the Company's share price. Following completion of the subscription by the Truell Intergenerational Family Limited Partnership ("TIG") and the Board changes announced earlier in September, the Board has initiated a review of the Company's business and the possible options for broadening the Company's strategic focus. That review is ongoing and no formal decisions have been taken at this time.

The initial focus of the Board's review is that while the Company expects to continue to build on its existing foundations of green technology, and may look to acquire complementary technologies, the Board is also examining broadening the Company's reach in the green sector, and in particular the health and medical rehabilitation destination sectors which might complement and support the development of disruptive green energy-focussed technologies. Shareholders should note that no decision has been taken at this time and that developments in the Company's strategic focus are still at an early stage.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Chairman and Director.

For further information:

Sabien Technology Group plc    Richard Parris, Chairman    Cédriane de Boucaud Truell	[phone]
Beaumont Cornish Limited (Nominated Advisor) Michael Cornish and Roland Cornish      www.beaumontcornish.com	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey and Lucy Williams	[phone]

A copy of this announcement will be available from the Company's website at www.sabien-tech.co.uk

ENDS

 

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