Path Investments plc Update and resignation of director (4957A)
21 Enero 2020 - 9:39AM
UK Regulatory
TIDMPATH
RNS Number : 4957A
Path Investments plc
21 January 2020
21 January 2020
Path Investments plc
("Path" or the "Company")
Update and resignation of director
Path Investments plc (TIDM: PATH), the natural resources
investment company, is pleased to provide an update on the
Company's progress regarding the proposed acquisition of FineGems
Extraction Corporation ("FGE"), as announced on 19 August 2019 (the
"Proposed Transaction").
The Company continues to progress the Proposed Transaction in
line with its expectations and in December 2019 Path began the
draft Prospectus review process with the Financial Conduct
Authority ("FCA"). Initial comments on the draft Prospectus are
anticipated shortly.
The remaining steps towards completion of the Proposed
Transaction and re-admission of the Company's shares to trading on
the London Stock Exchange include, inter alia, an equity marketing
programme, final approval and publication of the Prospectus and,
because the Proposed Transaction is classified as a reverse
takeover, approval of the Proposed Transaction by a General Meeting
of shareholders, which will be convened when the Prospectus is
published.
Further updates will be provided as appropriate.
Resignation of Director
In the meantime, Path announces that after more than four years
as a Director of the Company, Andy Yeo has resigned from the Board
with immediate effect, in order to focus on his other business
commitments.
The Board would like to thank Andy for his hard work and
commitment to the Company and wish him great success in his future
ventures. For further information please contact:
Path Investments plc 020 3934 6630
Christopher Theis
Shard Capital (Financial Adviser) 020 7186 9900
Simon Leathers
IFC Advisory (Financial PR & IR) 020 3934 6630
Tim Metcalfe
Zach Cohen
This information is provided by RNS, the news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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January 21, 2020 10:39 ET (15:39 GMT)
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