25th May 2018 12:19
LONDON (Alliance News) - Fandango Holdings PLC said on Friday it has signed a non-binding letter of intent to acquire Corporate Commercial Collections Ltd and Vatbridge Ltd, to be paid for by the issue of 908.4 million shares in the company.
As the acquisition constitutes a reverse takeover, shares in the investment company have been suspended, last quoted at 0.68 pence.
Both companies to be acquired are in the factoring and finance service sector, and if completed, Fandango shareholders will have a minority interest in the newly enlarged group, which will be readmitted to trading on the London Main Market.
Related Shares:
Fandango Holdi