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Earthport says no longer in offer period

14 October 2009  |  1991 views  |  0 Source: Earthport

On 30 June 2009, Earthport announced that it had moved into a period of advanced execution following successful developments in several areas, and that Zeus Capital had been appointed to assist the Company in reviewing and evaluating a number of strategic options available to them with the objective of optimising shareholder value.

Since that time the Board has held discussions with a number of prominent organisations and global corporate entities. Some of these discussions have resulted in new business developments whilst others have advanced existing business relationships and enabled the organisations concerned to receive a better insight into the long term strategy and potential of Earthport. As well as raising Earthport's profile with third parties, ongoing discussions range from franchising opportunities to new strategic channels to market.

None of the ongoing discussions relate to an offer being made for the Company and, accordingly, the Company is no longer in an offer period as defined by the City Code on Takeovers and Mergers.


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