March 28, 2018 / 6:42 AM / 5 months ago

BRIEF-Gloo Networks Says No Longer Considering Reverse Takeover

March 28 (Reuters) - Gloo Networks Plc:

* UPDATE ON ACQUISITION STRATEGY

* BOARD ANNOUNCES IT IS CONTINUING TO REVIEW ACQUISITION OPPORTUNITIES, FOLLOWING RECENT DISCUSSIONS WITH POTENTIAL TARGET

* NO LONGER CONSIDERING REVERSE TAKEOVER OR ISSUE OF ADDITIONAL SHARES ON AIM IN RESPECT OF THIS OPPORTUNITY

* GLOO NETWORKS - AFTER EXPENSES, CASH BALANCE IS EXPECTED TO BE IN RANGE OF £12 MILLION TO £14 MILLION, OR 47 PENCE TO 55 PENCE PER SHARE, AT 31 MARCH 2018 Source text for Eikon: Further company coverage:

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