20th Feb 2015 13:54
Turbo Power Systems Inc
("TPS" or the "Company")
Company Strategic Review
In view of the recent share price movement, TPS, the innovative high-speed electrical machines and power electronic systems provider, announces that the Board are conducting a strategic review of the Company's business and as part of this review are looking at a potential sale of the Company. The Board has appointed Lincoln International LLP to assist in this process.
The Company is a Canadian Business Corporation, continuing business in Yukon, Canada and is not subject to the provisions of the UK City Code on Takeovers and Mergers.
Further announcements will be made in due course, as appropriate. In the meantime there can be no certainty that any potential transaction will proceed, or as to the terms of any such transaction. The Company may discontinue the strategic review process at any time.
For further information, please contact:
Turbo Power Systems Fernando Senhora, Chairman Carlos Neves, CEO Charles Rendell, CFO |
Tel: +55 12 3321 2591 Tel: +44 (0)191 482 9200 |
finnCap (NOMAD, broker and UK financial advisor) Ed Frisby, James Thompson | Tel: +44 (0)20 7220 0500 |
Kreab (financial public relations) Robert Speed | Tel: +44 (0)20 7074 1800 |
Related Shares:
TPS.L