REG - Golden Rock Global - Restoration of Trading

Golden Rock GlobalAnnouncement

05/04/2023 15:15

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RNS Number : 5263V  Golden Rock Global PLC  05 April 2023

5 April 2023

Golden Rock Global PLC

Termination of discussions with Bolt Global Limited ("BOLT")

and

Restoration of Trading

 

Golden Rock Global PLC (LSE: GCG) (the "Company" or "GRG") the acquisition
vehicle which is seeking opportunities in the 'FinTech' sector, announces
that it has terminated discussions with BOLT.

The Company announced on 17 November 2021, that it had entered into
non-legally binding heads of terms with the shareholders of BOLT to acquire
the entire issued share capital of BOLT, the blockchain-based media and
decentralised finance ecosystem ("Proposed Transaction"). The Company further
announced that should the Proposed Transaction complete, it would constitute a
Reverse Take Over under the Listing Rules and accordingly, the Company sought
a suspension of trading in the ordinary shares.

The Board acknowledges that this announcement will be a major disappointment
to the Company's shareholders who have waited for a considerable period whilst
the Board endeavoured to conclude a satisfactory deal. However, the Board has
reluctantly concluded that it would not be possible, for reasons unrelated to
the Company, to conclude the Proposed Transaction in the near future and
therefore it was in the best interests of shareholders to terminate
discussions.

The Board is now focused on concluding the audit for the year ended 31
December 2022.

Restoration of trading

In light of the discussions relating to the Proposed Transaction ceasing, the
Company applied to have the suspension of the Company's ordinary shares from
trading on the Standard Listing segment of the Official List of the UK Listing
Authority lifted. Trading in the Company's shares has re-commence today, 5
April 2023.

 Further updates will be provided in due course, as necessary.

Enquiries

Golden Rock Global PLC

Ross Andrews, Chairman

(ross.andrews@rmaconsultancy.co.uk)

 

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