Path Investments plc Update on Heads of Agreement (6475R)
01 Marzo 2019 - 09:13AM
UK Regulatory
TIDMPATH
RNS Number : 6475R
Path Investments plc
01 March 2019
1 March 2019
Path Investments plc
("Path" or "the Company")
Update on Heads of Agreement
Path Investments plc (TIDM: PATH) is pleased to provide an
update regarding the Heads of Agreement with ARC Marlborough Pty
Limited ("ARC") in relation to the proposed acquisition of ARC by
the Company (the "Proposed Transaction") announced on 18 January
2019.
Within the Heads of Agreement a period of exclusivity was
granted by Path to ARC to enter into a definitive Purchase
Agreement on or before 28 February 2019. This period of Exclusivity
has now expired. However, progress has been made towards the
signing of a binding Purchase Agreement between the parties. It is
hoped to have the Purchase Agreement finalised in the coming weeks
and accordingly the exclusivity period has been extended by mutual
consent by one month to 29th March 2019.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
***ENDS***
For further information:
Path Investments plc
Christopher Theis, Andy Yeo
+44 (0) 20 3934 6630
Shard Capital (Financial Adviser and Broker)
Simon Leathers, Damon Heath
+44 (0) 20 7186 9900
IFC Advisory (Financial PR & IR)
Tim Metcalfe, Heather Armstrong, Miles Nolan
+44 (0) 20 3934 6630
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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