9th Dec 2020 20:33
B90 Holdings PLC - Isle of Man-based bookmaker - Says business has continued to recover from the negative impact of the cancellation of the majority of sporting events in the second quarter of 2020.
"Whilst the outlook remains uncertain, the board is encouraged that the results of trading in the last two months is now in line with management expectations," says B90.
Adds: "Company confirms that, pursuant to AIM rule 41, it has been granted an extension to the period that would result in the ordinary shares being cancelled from trading on AIM from six months to 12 months. Accordingly, if the ordinary shares remain suspended for more than 12 months from the date of the suspension, being 17 March 2020, the ordinary shares will then be cancelled from trading on AIM."
Additionally, raises EUR700,000 under subscriptions for convertible loan notes.
Current stock price: 4.75 pence; suspended
Year-to-date change: down 43% from February 3
By Lucy Heming;Â [email protected]
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