PTH Promethean

TIDMPTH

RNS Number : 7518W

Promethean PLC

11 November 2014

11 November 2014

Promethean PLC

("Promethean" or the "Company")

Update in relation to investment in TIS

Further to the publication yesterday of the circular and notice of Extraordinary General Meeting outlining the terms of a proposed members' voluntary liquidation and proposed cancellation of admission to trading on AIM (the "Circular"), the Company has received notification that the possible third party offer to acquire the Company's stake in T.I.S Holdings Ltd (TIS") referred to in the Circular has subsequently been withdrawn.

As outlined in the Circular the Company intends to proceed with the proposed members' voluntary liquidation and proposed cancellation of admission to trading on AIM with any residual holding in TIS being distributed in specie to shareholders.

Unless defined herein, capitalised terms used in this announcement shall have the meaning attributed to them in the Circular.

Enquiries:

   Promethean PLC                                                   +44 (0) 207 246 2590 

Sir Peter Burt

   S. P. Angel Corporate Finance LLP:                    +44 (0)20 3463 2260 

Stuart Gledhill

Jeff Keating

This information is provided by RNS

The company news service from the London Stock Exchange

END

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