21st Oct 2016 11:25
21 October 2016
Mercom Capital Plc
("the Company")
Indicative proposal from Calvet International Limited
The Directors of Mercom Capital plc announce that they are in discussions regarding an indicative proposal from Calvet International Limited ("Calvet") which includes a very material fundraising at a substantial premium to last night's closing price. It is the Directors' intention that the General Meeting called for 27 October 2016 be opened and closed without the proposed resolutions being tabled.
There can be no certainty at this point in time that any agreement will be reached with Calvet.
Further announcements will be made in due course.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
For further information, please contact:
Mercom Capital Plc John Zorbas | 001 416 504 3978 |
Northland Capital Partners Limited Nominated Adviser and Broker Edward Hutton / Matthew Johnson |
+44 (0) 20 3861 6625 |
Beaufort Securities Limited Joint Broker Elliot Hance |
+44 (0) 20 7382 8300 |
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