Global Resources Investment Tst PLC Update (2191X)
18 December 2019 - 3:19AM
UK Regulatory
TIDMGRIT
RNS Number : 2191X
Global Resources Investment Tst PLC
17 December 2019
17 December 2019
Global Resources Investment Trust Plc
Update
Global Resources Investment Trust Plc ("GRIT") has been advised
by Anglo African Minerals plc ("AAM") that negotiations between
Makar Navis and AAM regarding the sale of the company, as described
in our announcement of 30 August 2019, have been terminated.
AAM has informed GRIT that discussions with other interested
parties continue and that it is in the process of appointing
advisors to help devise an appropriate strategy to realise the
value in AAM.
Whilst GRIT remains hopeful of concluding a transaction in
respect of its holding in AAM, it is also examining other
opportunities and would hope to be in a position to update the
market in the near future.
Martin Lampshire
Steve Roberts
James Normand
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END
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