REG - Milton Capital PLC - Application to Lift suspension of Shares

Milton CapitalAnnouncement

03/06/2025 13:30

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RNS Number : 2557L  Milton Capital PLC  03 June 2025

 

 

 

3 June 2025

 

 

 

Milton Capital Plc

("Milton" or the "Company")

 

 

Application for Lifting of suspension and Lapsing of Exclusivity Agreement

 

Milton has had on-going discussions to acquire certain subsidiaries of Horizon
Energy Global Corporation ("Horizon") as per the announcement of 8 October
2024 and various update announcements since that date. The Company entered
into an Exclusivity Agreement with a view to entering into a Share Purchase
Agreement. The Company and Horizon by mutual agreement have agreed not to
extend the Exclusivity Agreement.

 

Notwithstanding that the Exclusivity Agreement has now lapsed, the parties
remain in dialogue regarding the possibility of some future business
combination. Milton is able to now consider other alternative opportunities.
Early-stage screening will now commence on certain alternatives while
naturally monitoring developments in respect of Horizon. The Board will set
out its plans at the upcoming AGM.

 

The Company has made application to the Financial Conduct Authority for the
restoration of the listing of its ordinary shares of GBP 0.01 ("Ordinary
Shares") on the Official List Equity Shares (shell companies) category of the
Financial Conduct Authority. A further announcement will be made in due
course.

 

 

 

 

 

Enquiries

 Milton Capital plc                info@milton-capital.co.uk

 Directors

 Richard Mays

 Edward Dawson

 Peterhouse Capital Limited        +44 (0)20 7469 0930

 Financial Adviser

 Brefo Gyasi / Guy Miller

 Corporate Broker

 Lucy Williams / Duncan Vasey

 

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