REG - Boston International - Termination of Acquisition & Update on Suspension

Boston International HoldingsAnnouncement

04/03/2021 16:35

RNS Number : 2431R
  
Boston International Holdings PLC
  
04 March 2021
  
 

For immediate release
4 March 2021
Boston International Holdings plc
("BIH" or "the Company")
Termination of Intended Acquisition and Update on Suspension
The Directors of BIH announce that they have been unable to complete the intended transaction and accordingly have terminated the heads of terms signed in March 2020 with Alexanders Discount Limited ("Target"), an invoice factoring company based in Southeast England, in relation to the potential acquisition by BIH of the Target.
The Company will continue its search for acquisition opportunities, as outlined in the Company's prospectus published in October 2016. It is expected that the Company's ordinary shares will resume trading on the Main Market of the London Stock Exchange in due course following consultation with the FCA and completion of a fundraise. In the meantime, they remain suspended from trading.
A further announcement will be made as appropriate in due course.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
 
For more information please contact:



Boston International Holdings Plc


 




Borden James


+44 (0) 7379 668 907




 


 




Beaumont Cornish Limited


 




Roland Cornish


+44 (0) 207 628 3396



 

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