Register for Digital Look

Company Announcements

PwC Appointed to Lead Independent Investigation

Related Companies

By LSE RNS

RNS Number : 2629Q
BNN Technology PLC
08 September 2017
 

 

 

 

 

08 September 2017                     

 

BNN Technology plc

("BNN Technology", the "Company" and, together with its subsidiaries, the "Group")

 

PwC Appointed to Lead Independent Investigation

 

Further to the Company's announcement on 4 September 2017, the independent committee of the board of directors of the Company (the "Board") (being Harry Keiley and Lord Mancroft) (the "Independent Committee") announces that it has appointed PwC to undertake an investigation into the allegations referenced in that announcement. The appointment of PwC was made in conjunction with advice from the Company's advisers.

The Independent Committee has requested that PwC undertake its work in an expedited manner in order to provide the Independent Committee with an analysis of the factual accuracy of the allegations referenced in the 4 September 2017 announcement.

Further announcements will be made as and when appropriate, including when PwC formally report to the Independent Committee on its findings.

This Company's shares remain suspended from trading on AIM.

 

This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

 

 

                                                ENDS

 

 

For further information, please contact:

 

BNN Technology plc

+44 (0) 156 587 2990

   Harry Keiley / Lord Mancroft (Independent Committee)




Tavistock Communications (Financial PR)

+44 (0) 207 920 3150

   Jos Simson / Jeremy Carey


 

Strand Hanson Limited (Nominated & Financial Adviser)

 

+44 (0) 20 7409 3494

   Simon Raggett / James Harris / Ritchie Balmer

 

Mirabaud Securities LLP (Broker)                                                           

   Peter Krens

 

 

 

+44 (0) 20 7878 3362

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLVLFBDKFLBBX

Top of Page