BWA Group Plc Temporary Suspension
26 October 2015 - 8:30PM
UK Regulatory
TIDMBWAP
Temporary Suspension
26 October 2015
GB0033877555
BWA GROUP PLC
("BWA" or the "Company")
Temporary Suspension
BWA announces that, on 23 October 2015, the Company signed Heads of Terms in connection with the proposed
acquisition of a substantial business operating in the logistics industry (the "Acquisition"). The Heads of
Terms contain arrangements for the provision of funding to BWA by the target of the Acquisition, which funding
is material in the context of BWA and its current financial position.
If completed, the Acquisition would constitute a Reverse Takeover under the ISDX Growth Market - Rules for
Issuers, requiring, amongst other things, approval by the Company's shareholders. Accordingly, BWA has
requested that trading in the Company's shares on the ISDX Growth Market be suspended pending a further
announcement. Such an announcement will be made as soon as practicable.
The Directors of BWA intend that the Company's Annual General Meeting in respect of the year ended 30 April
2015 will be held before the end of 2015.
The Directors of BWA are responsible for the content of this announcement.
For further information please contact:
BWA Group PLC
Richard Battersby (Non-Executive Chairman) 07836 238 172
Peterhouse Corporate Finance Limited
Mark Anwyl or Guy Miller 020 7469 0930
BWA Group Plc
(END) Dow Jones Newswires
October 26, 2015 05:30 ET (09:30 GMT)