Boston International Holdings PLC General Meeting Update (5379L)
06 Septiembre 2019 - 6:22AM
UK Regulatory
TIDMBIH
RNS Number : 5379L
Boston International Holdings PLC
06 September 2019
BOSTON INTERNATIONAL HOLDINGS PLC
("BIH" or "the Company")
General Meeting Update
Further to the announcement of 13 August 2019, the Board of BIH,
confirms that the Company held its general meeting at 10.30am this
morning to consider whether any, and if so what, steps should be
taken to deal with the Company's financial situation pursuant to
section 656 of the Companies Act 2006 (the "General Meeting").
As a general update to all of those shareholders who were not
present at the General Meeting, following the termination of the
proposed reverse takeover of Cornhill FX Holdings Limited, the
Board of BIH is continuing to review potential new acquisition
opportunities.
The Company's investment strategy to date has been to focus on
potential acquisitions in the FX sector because of the Board's
experience in this industry. Due to a lack of current opportunities
in that sector, the Board is now also considering potential targets
in alternative sectors. The Board's efforts in identifying a
prospective target company or business will not be limited to a
particular industry or geographic region and a further announcement
will be made at such time as the Company is able to provide further
details on any proposed transaction.
Whilst it continues its assessment of potential acquisition
opportunities, the Board will prudently manage the Company's
remaining cash reserves and minimise its operating expenses in
order to put the Company in the best position possible to complete
an acquisition.
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market
abuse.
-ENDS-
BIH is a special purpose acquisition company listed on the
standard segment of the official list, with shares traded on the
main market of the London Stock Exchange. BIH is seeking to acquire
a business operating in the foreign exchange ("FX") sector.
Enquiries:
Cairn Financial Advisers
Jo Turner/David Coffman +44 20 7213 0880
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END
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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September 06, 2019 07:22 ET (11:22 GMT)
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