REG - Hawkwing PLC - IFG withdrawal from heads of terms

HawkwingAnnouncement

13/12/2021 07:00

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RNS Number : 3602V  Hawkwing PLC  13 December 2021

 

THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED IN IT, IS RESTRICTED
AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION (EU) 596/2014, WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE
MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (SI 2019/310) ("UK MAR").
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED
IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

13 December 2021

 

 

Hawkwing plc

 

("Hawkwing" or the "Company")

 

Internet Fusion Group Limited withdrawal from heads of terms

 

Hawkwing plc (LSE: HNG) has been advised by Internet Fusion Group Limited
("Internet Fusion Group" or "IFG") that it has terminated discussions
regarding the arrangements referred to in the heads of terms set out in the
announcement of 12 July 2021 and as a consequence the reverse takeover by
Hawkwing of IFG will no longer go ahead.

 

The secured loan of £13.7 million made to IFG by the Company, which IFG used
to acquire Northcore Limited and Shade Ltd (trading as Shade Station) remains
in place.

 

A request will be made for the listing of the Company's shares to be restored.

 

For the purposes of UK MAR, the person responsible for arranging for the
release of this announcement on behalf of Hawkwing is Keith Sadler, Senior
Independent Non-Executive Director.

 

- Ends -

 

Enquiries:

 

 Hawkwing plc
 Keith Sadler, Senior Independent Non-Executive Director  +44 20 7618 9100

 Luther Pendragon
 Harry Chathli, Alexis Gore                               +44 20 7618 9100

 

For more information, please refer to the Company's website: www.hawkwing.co
(http://www.hawkwing.co/)

 

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