GN Group Limited Share Price Movement (8653Q)

TIDMGNGL

RNS Number : 8653Q

GN Group Limited

02 December 2016

GN Group Limited

(or the "Company")

02 December 2016

Share Price Movement

The Board of GN Group Limited has noted the recent movement in the Company's share price. The directors are not aware of any reason for this share price movement.

In the interim results for the six months ended 30 June 2016 released by the Company on 30 September 2016, in which the Company disclosed trade and other receivables of GBP1,652, fixed term deposits of GBP2,330,000 and cash and cash equivalents of GBP465,384. The total current assets of the Company was GBP2,797,036 as at 30 June 2016.

The Company would like to draw attention to the NAV per share which is approximately 1.17p and caution investors against speculation.

The Company would further draw attention to the announcement made on 30 September 2016 which stated that the Directors are currently actively considering a number of opportunities which they are pursuing with the intent of completing at least one investment as soon as commercially achievable.

The Company clearly cannot guarantee that any of these investments will complete in a timely fashion or at all.

Further enquiries:

 
                          Geoffrey 
                           Fielding 
                           Executive 
 GN Group Limited          Chairman        +60173754769 
 ZAI Corporate Finance                     +44(0)20 7060 
  Ltd (Nomad)             Ray Zimmerman     2220

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 02, 2016 10:28 ET (15:28 GMT)

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