Path Investments plc Withdrawal from Proposed Transaction (6685S)
13 Marzo 2019 - 1:01AM
UK Regulatory
TIDMPATH
RNS Number : 6685S
Path Investments plc
13 March 2019
13 March 2019
Path Investments plc
("Path" or "the Company")
Withdrawal from Proposed Transaction
Further to the announcement made on 1 March 2019, Path
Investments plc (TIDM: PATH), provides an update regarding the
Heads of Agreement the Company entered into with ARC Marlborough
Pty Limited ("ARC") in relation to the proposed acquisition of ARC
by the Company (the "Proposed Transaction"), originally announced
on 18 January 2019.
As part of its preliminary steps towards a definitive Share
Purchase Agreement, Path undertook initial technical, legal and
corporate due diligence in relation to ARC, its directors and the
mining lease ML80098 in Queensland, Australia. Following this
initial work, after due Board consideration and discussion with
Path's advisers, the Company has informed ARC of its withdrawal
from the Proposed Transaction.
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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