Friday, March 28, 2014

BRIEF-Ark Therapeutics signs deal terms for reverse takeover

March 28 Fri Mar 28, 2014 3:43am EDT





* Company has signed heads of terms in connection with possible acquisition of a revenue-generating and profitable uk-based private company in healthcare support services sector



* Transaction would be structured by way of an acquisition of target by ark in consideration for issue of new ark shares to shareholders



* However intention would be that existing ark shareholders would retain a significant minority of equity of enlarged company



* Board expects to make a further announcement in due course.



* Requested listing of ark's premium listed shares on main market of london stock exchange be suspended by uk listing authority pending publication of required shareholder documents Source text for Eikon: Further company coverage:









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