9th Jan 2020 17:52
(Alliance News) - SalvaRx Group PLC on Thursday said that its shares would be delisted from the London Stock Exchange on Friday.
The delisting follows the company's announcement in December that it was in advanced discussions with an acquisition target regarding a reverse takeover, but found it unlikely that the deal would complete before its shares were cancelled.
Following a divestment in August 2018, the company was classified as a cash shell. The group's shares were suspended in July 2019 under AIM market rules after it failed to make an acquisition.
SalvaRx said it will make a further announcement about a potential acquisition which should it proceed, will result in the relisting of the company's shares.
By Ife Taiwo; [email protected]
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