5th Oct 2016 14:45
5 October 2016
SigmaRoc plc
("SigmaRoc" or the "Company")
Statement Regarding Suspension
The Board of SigmaRoc (AIM:SRC), a company which is pursuing an acquisition-led strategy in the construction materials sector, announces that, at the request of the Company, SigmaRoc's ordinary shares have been suspended from trading on AIM with effect from 2.45 p.m. this afternoon.
The Company has submitted a binding proposal for the acquisition of a company and has been notified that it is the preferred bidder, and has entered into an eight week exclusivity period, in a formal process which, if completed on the currently proposed terms, would be classified as a reverse takeover under the AIM Rules for Companies.
The Company's ordinary shares will remain suspended from trading on AIM until such time as either an admission document setting out details of the proposed transaction is published or confirmation is given that the transaction is not proceeding.
Further announcements will be made in due course.
-Ends-
For further information, please contact:
SigmaRoc plc | +44(0)20 7193 4470 | |
Max Vermorken | ||
Strand Hanson Limited (Nominated Adviser) | +44(0)20 7409 3494 | |
James Spinney | ||
James Dance | ||
Peterhouse Corporate Finance Limited (Broker) | +44(0)20 7469 0930 | |
Eran Zucker | ||
Tavistock (Public Relations Adviser) | +44 (0)20 7920 3150 | |
Jos Simson | ||
Barney Hayward |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
Related Shares:
Sigmaroc.