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African Potash Ltd.: Termination of discussions re proposed acquisition

African Potash Ltd.: Termination of discussions re proposed acquisition

Fri, 20 Oct 2017 17:11:36
: African Potash Ltd.: Termination of discussions re proposed acquisition

African Potash Ltd. (AFPO)

20-Oct-2017 / 17:11 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

20 October 2017

 

AFRICAN POTASH LIMITED

("African Potash" or the "Company")

 

Termination of discussions re proposed acquisition

 

On 21 April 2017, African Potash announced that it had signed a Letter of Intent ('LoI') in connection

with the proposed acquisition by the Company of Onshore Energy Limited ('OEL'), a private investment

company that invests in unquoted companies ( the 'Acquisition').

 

In light of the recent progress made with the Company's African fertilizer business, the Board has agreed

that there would be no benefit in pursuing the acquisition.

 

The Directors of the Company accept responsibility for the content of this announcement.

 

**ENDS**

For further information visit www.africanpotash.com or contact the following:

 

For further information, please contact:

 

African Potash Limited                                                                                                            

Chris Cleverly                                                                                                                             +44 (0) 20 7408 9200

 

NEX CORPORATE ADVISER:   

Alexander David Securities Limited 

David Scott -Corporate Finance                                                                                      +44 (0) 20 7448 9820         

James Dewhurst - Corporate Broking                                                                            +44 (0) 20 7448 9820 

 

 




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