MCC Monchhichi

TIDMMCC

RNS Number : 9533Z

Monchhichi plc

20 December 2017

 
 Immediate release   20 December 2017 
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014

Monchhichi Plc ("Monchhichi" or the "Company")

Update on Move to Standard List of the Main Market

As mentioned in previous statements, Monchhichi's plan is to make a series of cohesive and meaningful acquisitions with clear existing industry validation and (disruptive) growth trajectory in the Technology, Media and Internet sectors.

On 22 September 2017, the Directors announced that they had reached agreement on a comprehensive transaction with Sentiance, a leading and proven private technology player in the exciting field of artificial intelligence ("AI"), machine learning and behavioural data science.

On 13 October 2017, the Company announced that it anticipated its shares to be admitted to the Standard Segment of the Official List and its admission to AIM contemporaneously cancelled. The Company, in conjunction with its external advisors, is continuing to progress the process and documentation to effect the cancellation from AIM and move to the Standard Segment of the Official List, and expects to be able to communicate a definitive timetable during January 2018.

Market Abuse Regulation

The information contained 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.

For further information:

 
 Buchanan (Financial communications) 
  Richard Oldworth / Henry Harrison-Topham     Tel: +44 (0)20 7466 
  / Catriona Flint                             5000 
  monchhichi@buchanan.uk.com                   www.buchanan.uk.com 
 
   Enquiries:                                  Tel: +44 (0)20 7886 
   Panmure Gordon (Nominated                   2500 
   Adviser and Broker) 
   Dominic Morley / Alina Vaskina 
 

Notes to the editors:

Monchhichi (MCC.L) is a UK quoted company that focusses on making conviction investments / acquisitions in people, organisations and outstanding businesses with proven track records, industry validated market positions and clearly visible disruptive growth opportunities in the Technology, Media and Internet space globally. For more please visit www.monchhichi.life

This information is provided by RNS

The company news service from the London Stock Exchange

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