Libertine Holdings Ltd. (GB:LIB) has released an update.
Libertine Holdings PLC has announced a potential investment offer of £2.0 million from investors in India and the United Arab Emirates, aiming to fund operations until June 2025, with additional capital raises considered for the future. However, the company has ceased its formal sale process under the Takeover Code as no offer for its share capital is expected by mid-June 2024, and it may consider becoming a private company if sufficient capital isn’t raised by mid-July 2024. This investment, which is still under negotiation, could result in the investors holding a significant share of the company’s enlarged issued capital.
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