Malvern International PLC Fundraising Update (4144Q)
18 Junio 2020 - 8:49AM
UK Regulatory
TIDMMLVN
RNS Number : 4144Q
Malvern International PLC
18 June 2020
18 June 2020
Malvern International plc
(AIM: MLVN)
Fundraising Update
On 8 June, Malvern International plc ("Malvern" or the
"Company"), the global learning and skills development partner,
announced that completion of the Fundraising ,announced on 20 May
2020 and details of which were set out in a circular to
shareholders dated 20 May 2020, was delayed as the conditions to
the Placing under the Placing Agreement had not yet been fully
satisfied. These conditions will not now be satisfied and the
Fundraising will not be proceeding.
The Company is currently in discussions with certain potential
investors, CG Corp (a major shareholder) and its debt provider,
Boost &Co. with the objective of agreeing alternative funding
proposals. These discussions are expected to be concluded in the
next few days and a further announcement will be made once they are
concluded. In the event that discussions are not successfully
concluded the Company will not be able to continue trading.
Trading in the Company's shares on AIM is currently suspended
pursuant to Market Notice N12/20 released on 4 June. The Company
has requested that this suspension continue pending clarification
of the Company's financing.
This announcement should be read in conjunction with the full
text of the Circular posted to Shareholders on 20 May 2020, copies
of which are available on the Company's website at
www.malverninternational.com . Capitalised terms in this
announcement have the same meaning as given in the Circular.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Enquiries:
Malvern International plc www.malverninternational.com
Mark Elliott (Non-Executive Chairman) Via Communications Portfolio
Sam Malafeh (Chief Executive Officer)
WH Ireland Limited (Nominated Adviser www.whirelandcb.com
and Broker)
Mike Coe / Chris Savidge (Corporate
Finance) +44 (0) 207 220 1666
Jasper Berry (Corporate Broking) +44 (0) 207 220 1666
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END
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