Highway Capital PLC Company Update
September 25 2024 - 5:04AM
RNS Regulatory News
RNS Number : 6214F
Highway Capital PLC
25 September 2024
25 September
2024
Highway Capital Plc
("Highway" or the
"Company")
Corporate
Restructuring and Termination of RTO
Highway Capital Plc (LON:HWC), the London Stock
Exchange Standard listed company, announces it has ceased
discussions regarding any reverse takeover transaction with
Guinevere Capital Esports & Entertainment ("Guinevere"), first announced on 11
October 2021.
The Company further confirms that it is working
with its advisers on a proposed Corporate Restructuring ("Corporate
Restructuring") which includes conversion of debt into shares and
raising additional capital.
The Company is targeting the publication of the
2023 and 2024 Annual Report in November 2024 but this is
conditional upon the Company completing the Corporate
Restructuring. There is currently no certainty that the
Company will be able to complete the Corporate Restructuring as
this process is dependent on a number of factors, including, inter
alia, shareholder approval and successful restoration of the
Company's listing.
For further information, please
visit www.highwaycapital.co.uk or
contact the following:
|
Highway
Capital Plc
|
info@highwaycapital.co.uk
|
|
|
|
|
Peterhouse
Capital (Corporate Broker)
|
020 7220 9797 / 020
7469 0936
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
UPDFIFIAAIIEFIS
Highway Capital (LSE:HWC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Highway Capital (LSE:HWC)
Historical Stock Chart
From Nov 2023 to Nov 2024
