4th Jun 2021 19:21
GYG PLC - Spanish yacht painting, service and supply company - Says Harwood Capital's due diligence enquiries remain ongoing. The announcement follows statement on April 9, when Harwood Capital, GYG's second largest shareholder, was in the preliminary stages of evaluating a possible offer for the company. On May 7, GYG confirmed that the "put-up or shut-up" deadline had been extended to June 4. On Friday, GYG announced further extension of the relevant deadline of 28 calendar days. Thus, Harwood Capital has until July 2 to either announce a firm intention to make an offer for GYG or announce that it does not intend to make an offer. GYG notes, however, that this deadline can be extended further.
Current stock price: 86.00 pence, up 2.4% on Friday
Year-to-date change: up 24%
By Evelina Grecenko; [email protected]
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