Business
Intended Transaction and Suspension of Trading
Intended Transaction and Suspension of Trading.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 6627P Central Asia Metals PLC 04 September 2017 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nINSIDE INFORMATION \n \nThis announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.\n \n4 September 2017\n \nCENTRAL ASIA METALS PLC\n \n(\"CAML\", or the \"Company\")\n \nIntended Transaction and Suspension of Trading\n \n \nIn the light of a press enquiry, the Directors of CAML confirm that they are in advanced talks with a third party which may lead to a transaction.\n \nIf undertaken, the intended transaction would be classified as a reverse takeover in accordance with the AIM Rules for Companies. Accordingly, at the request of the Company, CAML's shares are suspended from trading on AIM with immediate effect and will remain so until either the publication of an admission document setting out, inter alia, details of the intended transaction or until confirmation is given that these discussions have ceased.\n \nThe Directors will make further announcements in the coming weeks if, and when, they become appropriate.\n \nThere can be no certainty that the intended transaction will proceed. \n \nEnquiries: \n \nCentral Asia Metals plc Tel: +44 20 7898 9001\n \nNick Clarke, Executive Chairman\nNigel Robinson, Chief Financial Officer\nGavin Ferrar, Business Development Director\nLouise Wrathall, Investor Relations \[email protected] \n  ...