Mercom Capital reveals discussions with Calvet International
Mercom Capital announced on Friday that it is in discussions regarding an indicative proposal from Calvet International.
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The AIM-traded firm said the proposal includes a very material fundraising at a substantial premium to Thursday night's closing price.
“It is the [board’s] intention that the general meeting called for 27 October be opened and closed without the proposed resolutions being tabled,” Mercon Capital said in a statement.
“There can be no certainty at this point in time that any agreement will be reached with Calvet.”