19th Jul 2023 09:18
Golden Rock Global PLC - Jersey-based firm seeking acquisition opportunities in the financial technology sector - Further to announcement in late June that it was in talks about potential acquisitions, says it has been working with a small number of potential acquisition targets and has now shortlisted two of these. Expects to move forward with one of the shortlist targets "in the near future". Notes any acquisition would constitute a reverse takeover, if completed. Adds it still feels the company's current share price continues to undervalue the company and is looking to conclude "any acquisition at a valuation that would represent fairer value to shareholders". Says it will make further announcements in line with regulatory requirements.
Current stock price: 3.60 pence, up 11%
12-month change: down 4.0%
By Greg Rosenvinge, Alliance News reporter
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