Stellar Diamonds shares suspended ahead of reverse take-over announcement

Stellar Diamonds announced the LSE would suspend trading in its shares pending the announcement of a potential reverse takeover.

Trading in shares of West Africa-focused Stellar would thus be suspended pending the submission of the prerequisite admission document, which in turn would require the prior approval of the company's shareholders for the transaction.

However, there was no guarantee that the transaction would be completed, Stellar said in a statement, in which case the outfit would first need to make an announcement before its shares could resume trading.

AIM-listed Stellar expected to make an announcement regarding the potential transaction in due course.