REVERSE TAKEOVERS IN THE PLUS MARKET (LONDON)

Greener House Investments Plc also recently completed a reverse takeover, acquiring Fresh T Limited, a privately owned company specialising in Software as a Service.
 
Following the reverse takeover, the enlarged group was renamed
 
FreshTL Plc was readmitted to the PLUS markets.
 
Hanseatic & Baltic Properties Plc
 
was suspended from the PLUS markets in January 2010 in anticipation of a reverse takeover of United Sino, a Libyan property development company. However, the deal was terminated in April citing "Sino were unable to guarantee raising sufficient funds for us to satisfy ourselves that the enlarged group would have had sufficient working capital to carry out the projects." Hanseatic & Baltic Properties Plc has been restored to trading on PLUS.

 

Award International Holdings plc recently completed a reverse takeover, acquiring a full service digital marketing specialist, Fuse 8, for £5m which will be satisfied by the issue of 10,215,000 consideration shares.

 
The directors had examined many acquisition opportunities since Award became an investment company and believe that Fuse 8 presented an exciting prospect for existing Shareholders.
 
Following the reverse takeover, the enlarged company was renamed Fuse 8 Plc and listed on the AIM Market.

 
more information on:

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