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An update from More Acquisitions PLC ( (GB:PRIS) ) is now available.
Pristine Capital Plc has announced an update regarding its compliance with UK Listing Rules, specifically the requirement to seek shareholder approval if an initial transaction is not completed within 24 months. The company has entered into heads of terms for a transaction that would lead to the cancellation of its listing on the Main Market and admission to AIM. If the transaction proceeds, the company will not amend its articles to comply with the rule, as it would become redundant. However, if the transaction does not proceed, Pristine Capital will seek shareholder approval to amend its articles at the next annual general meeting.
More about More Acquisitions PLC
Pristine Capital Plc is a cash shell company listed on the London Stock Exchange, focusing on the real estate sector.
Average Trading Volume: 3,796,052
Technical Sentiment Signal: Sell
See more insights into PRIS stock on TipRanks’ Stock Analysis page.