Update re suspension and cancellation

17 September 2018

Concha plc became a "Rule 15 cash shell" under Rule 15 of the AIM Rules with effect from 3 October 2017 and trading in the Company's shares on AIM was suspended on 4 April 2018.

The Company has considered a number of identified acquisitions across both medical and property technology sectors. It is currently in on-going discussions and continues to receive approaches from interesting businesses. However, whilst the Board is confident that it will be able to secure value for its shareholders, the Company will not be in a position to announce that it has entered into any definitive agreement with a suitable business for a reverse takeover by 4 October 2018.

Accordingly, the Company expects that the London Stock Exchange will cancel the admission of the Company's ordinary shares to trading on AIM with effect from 7.00 am on 5 October 2018.

Further announcements will be made in due course, as appropriate.

 

For further information, please contact:

Concha PLC
Chris Akers, Chairman
chris.akers@srgplc.com
   
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott, Mark Brady
+44 (0) 203 368 3550

 

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