Concha plc Further update on Investment in Ve Interactive (6015D)
April 27 2017 - 11:07AM
UK Regulatory
TIDMCHA
RNS Number : 6015D
Concha plc
27 April 2017
Concha PLC
For immediate release
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Further update on Investment in Ve Interactive Limited
Further to the announcement made earlier today, the Company is
now formally aware that its principal investment, Ve Interactive
Limited ("Ve Interactive") has announced that it had gone into
administration and has been bought out of administration by the
interim management team. The Board are in dialogue with management
of Ve Interactive and its advisors with a view to exploring all
avenues it may have of preserving its investment in the Ve
Interactive business going forward. The Board is aware that a
number of shareholder groups are evaluating the integrity of the
events of the last few days and are considering a challenge to
their legitimacy. At this time, the Board is unable to determine
the likely success of any challenge to this process of
administration, nor whether or not it will be able to secure an
ongoing interest in the Ve Interactive business going forward. As
stated earlier today, the Board will provide a more complete update
at the appropriate time.
For further information, please contact:
Concha PLC
Chris Akers, Chairman Chris.akers@srgplc.com
SPARK Advisory Partners
Limited (Nominated Adviser)
Sean Wyndham-Quin/Mark
Brady +44 (0)20 3368 3550
This information is provided by RNS
The company news service from the London Stock Exchange
END
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