Mercom Capital reveals discussions with Calvet International
Mercom Capital announced on Friday that it is in discussions regarding an indicative proposal from Calvet International.
FTSE AIM All-Share
745.62
17:04 20/09/24
n/a
n/a
Monchhichi
39.50p
13:54 26/01/18
0.00%
0.00p
Oil & Gas Producers
8,201.89
16:49 20/09/24
-1.49%
-123.87
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.”