Vintana plc: Further to resolutions passed at the Company's General Meeting on 6 September 2019, the Company's name was changed to Vintana plc and the Company was classified as an AIM Rule 15 cash shell. Thus, the Company is required to make one or more acquisitions that constitute a takeover under AIM Rule 14 or become an investing company as defined under the AIM Rules (which requires the raising of at least £6 million of new equity funding) on or before the date that falls six months from the date of the General Meeting. If these requirements are not met then the Company's Ordinary Shares would be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM of the Company's shares would be cancelled six months from the date of suspension should the reason for the suspension not be rectified.
Vintana plc's strategy is to deliver shareholder value through the acquisition of one or more companies and/or projects that are either cash flow generative or show significant potential for growth and a profitable exit.