Termination of potential Reverse Takeover

Summary by AI BETAClose X

GRIT Investment Trust plc has confirmed that the proposed acquisition of Planet Scan AG, which would have constituted a reverse takeover, is no longer proceeding. The company is now considering alternative acquisition opportunities and the potential cancellation of its listing. Trading in GRIT's securities remains suspended as the company is still completing its Annual Report and Accounts for the period ended 31 March 2026, which were due by 31 July 2026.

Disclaimer*

GRIT Investment Trust PLC
13 August 2026
 

13 August 2026   

 

GRIT Investment Trust plc

("GRIT" or "the Company")

 

Termination of potential reverse transaction

 

Further to the announcement of 27 July 2026 in relation to the agreement in principle to acquire Planet Scan AG, the Directors of GRIT can now confirm that the Proposed Acquisition which would have constituted a reverse takeover ("RTO") is no longer proceeding.

 

The Company will consider its options to include seeking alternative acquisition opportunities and seeking a cancellation of its listing.

 

The Company is in the process of completing the statutory Annual Report and Accounts for the period ended 31 March 2026 (the "2026 Accounts") which were due by 31 July 2026.

 

In the meantime, trading in the securities of GRIT remains suspended.

 

 

 

 

 

 

 

Enquiries:

GRIT Investment Trust plc

Tel: +44 (0) 7469 896677

 

AlbR Capital Limited (Corporate Broker)

Tel: +44 (0) 207 469 0930

 

Beaumont Cornish Limited (Financial Adviser)

Tel: +44 (0) 207 628 3396

 

 

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GRIT Investment Trust (GRIT)
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