Work Group is continuing to progress its efforts to complete a suitable acquisition that would be classified as a reverse takeover under AIM rules.
This would fulfil its investing strategy as set out in its announcement of 31 December 2015 and repeated in our annual report. "I can confirm that negotiations in this regard are continuing and if these and our due diligence are successful, the publication of an AIM Admission Document would be required in relation to the enlarged entity and the transaction would be conditional on shareholder approval," said chairman Simon Howard.
"An announcement will be made in the event that such an acquisition is agreed," he added. "However, I regret that I am unable to make any further comment nor answer any other questions relating to this matter."
At 11:14am: (LON:WORK) Work Group PLC share price was 0p at 3.25p