DGAP-News: Rebootizer Group PLC: Funding update
(firmenpresse) - DGAP-News: Rebootizer Group PLC / Key word(s): Miscellaneous
Rebootizer Group PLC: Funding update
16.08.2011 / 13:23
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Following the announcement of 22 July 2011 on raising further finance the
Company is providing this update. The negotiations have been proceeding
well and the proposed investors have conducted most of their due diligence.
The Company is confident that a transaction will be completed which will be
subject to shareholder approval. However, shareholders should note that the
price at which the proposed investors are prepared to invest in the Company
would value the Company at a substantial discount to the Company's current
share price. This would entail therefore a heavy dilution of the current
shareholders interests. There is no guarantee that the proposals which are
currently under discussion will come to fruition and in the event that they
do not, the Directors will have to consider what, if any, options are
available. The Company hopes to be in a position to make a further
announcement shortly.
About Rebootizer Group plc
Rebootizer Group is an independent, exchange listed company (ticker: R3T),
in the international functional food market. The Group has distributor
agreements for its detox shaker, rebootizer(R), in Europe, South America
and the US.The ingredients of rebootizer(R) are known for both their
antioxidant properties and digestive functions (anti-spasmodic,
anti-inflammatory, liver-protective) granting a better digestion for food
and drink consumption.
** END OF NEWS RELEASE **
This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of Rebootizer Group plc as of the date hereof, and actual
results may vary based upon future events, both within and without the
control of the management, including risks and uncertainties that could
cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
Rebootizer Group plc, 2nd floor, 14 Hays Mews, London, UK
www.rebootizergroup.com
ISIN: GB00B6194J40; German Code: R3T; WKN: A1CU1Q
Stock Exchanges: Frankfurt, Vienna, Xetra
End of Corporate News
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16.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Datum: 16.08.2011 - 13:23 Uhr
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