Altron - termination of negotiations

Altron - termination of negotiations

Shareholders are referred to the announcement released by the company on SENS on Monday, 30 November 2015 advising that Powertech, a subsidiary of Altron, had entered into a binding written offer with Capitalworks, in terms whereby Powertech would dispose of its PTSI business to Capitalworks on terms and conditions more fully set out in the Offer, including the fulfilment of certain conditions precedent as summarised in the announcement (˘the Disposal÷).

Shareholders are advised that on Thursday, 17 December 2015, Powertech received notice from Capitalworks that it no longer wished to proceed with the Disposal and accordingly the negotiations between Powertech and Capitalworks have been terminated forthwith.

2015-12-18 15:13:05

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