Source - SMW
Chagala Group's placing and open offer of new ordinary shares and potential placing of additional placing shares has lapsed and the transaction has been terminated.

The company says that following the order issued on 22 September by the Eastern Caribbean Supreme Court in the Commercial Division of the High Court of Justice of the British Virgin Islands requiring the suspension of the placing and open offer, the company urgently sought to have a hearing on an appeal of the order as soon as possible.  But it says a hearing on the appeal has not yet taken place.    

At 8:12am: (LON:CGLO) Chagala Group Limited Ord Usd0.40 Di share price was 0p at 1.25p