29th Jun 2018 07:00
Tau Capital plc
("Tau" or the "Company")
Update re. suspension of trading
Following the Company's announcement of 26 June 2018, the Board of Tau (the "Board") confirms that the Company will not be able to publish its annual audited accounts for the year ended 31 December 2017 (the "Accounts") by the deadline of 29 June 2018 as required by AIM Rule 19. Accordingly, trading in the Company's shares will be suspended from 7:30am on 2 July 2018, pending publication of the Accounts.
As noted in the Company's announcement of 26 June 2018, the delay in finalising the Accounts is due to the difficulty in valuing the last remaining asset held by the Company, its 40.35% equity investment in Stopharm, a Kazakh company engaged in wholesale pharmaceutical distribution. The Board anticipates that the Accounts will be finalised as soon as possible. The Company will provide further updates as appropriate.
Further information, please contact:
FIM Capital Limited Philip Scales |
Tel: +44 (0) 1624 681250 |
| |
Allenby Capital Limited (Nominated Adviser and Joint Broker) John Depasquale / Alex Brearley
Peterhouse Corporate Finance Limited (Joint Broker) Lucy Williams / Heena Karani
| Tel: +44 (0) 203 328 5656
Tel: +44 (0) 207 469 0933 |
Related Shares:
TAU.L