May 3, 2018 / 6:48 AM / 2 months ago

BRIEF-Gloo Networks Says To Return Gloo's Remaining Capital By Means Of Voluntary Liquidation

May 3 (Reuters) - Gloo Networks PLC:

* TO RETURN GLOO’S REMAINING CAPITAL BY MEANS OF A VOLUNTARY LIQUIDATION OF COMPANY.

* BOARD HAS CONDUCTED A STRATEGIC REVIEW OF CURRENT PIPELINE OF POTENTIAL ACQUISITIONS WITHIN OUR TARGET SECTORS

* ANTICIPATED THAT AFTER EXPENSES, INCLUDING COSTS OF PLANNED LIQUIDATION, GLOO SHAREHOLDERS WOULD RECEIVE NO LESS THAN 47P PER SHARE

* DE-LISTING WILL OCCUR NO EARLIER THAN 5 JUNE 2018.

* GLOO’S DIRECTORS INTEND TO REMAIN IN OFFICE UNTIL GENERAL MEETING TO FACILITATE ORDERLY EXECUTION OF LIQUIDATION Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below