13th Aug 2018 15:40
LONDON (Alliance News) - Mobile technology company Zamano PLC said Monday the unnamed counterparty, which it was in discussions over a potential reverse takeover, has notified the company it "no longer wishes to complete the transaction".
Zamano will move to conclude the process to return its remaining cash assets to shareholders "as quickly and efficiently" as possible.
Shares in Zamano remain suspended from trading but last closed at 4.00 pence each.