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Castleton Technology (CTP)

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Tuesday 28 October, 2014

Castleton Technology

Statement re Share Price Movement

RNS Number : 4615V
Castleton Technology PLC
28 October 2014
 

Castleton Technology PLC

 ("Castleton" or "the Company")

Statement re Share Price Movement

The Company notes the rise in its share price since 21 October 2014 and confirms it knows of no reason for such movement.

In line with the Company's stated strategy of building a public sector focused IT managed services business, the Directors are currently in discussion with a number of potential acquisition targets and one in particular which may or may not lead to a transaction in the near future. Were discussions with this particular company to result in a transaction, the Company intends to finance any cash consideration due via an equity placing. Further updates will be made as and when appropriate.

 

Enquiries:

 

Castleton Technology plc

Ian Smith, Chief Executive

 

Tel. +44 (0)845 201 0000

http://www.castletonplc.com

finnCap

Charlotte Stranner

Tel. +44 (0)20 7220 0500



MXC Capital Advisory LLP

Marc Young

 

Newgate Threadneedle

Josh Royston / Hilary Millar

Tel. +44 (0)20 7965 8149

 

 

Tel. +44 (0)20 7653 9850

        



 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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