We have shared earlier in our announcements dated 4th February 2019 and 1st March 2019 that Ezion is in advanced discussions with a potential strategic investor. The potential strategic investor need also to agree terms with the secured lenders. We have received feedback that the discussions between the secured lenders and one particular investor group have been progressing well. However, no conclusive agreement has been reached to date. As the outcome of this discussion will have a very major impact on the Group, we have decided therefore to suspend the trading of the company’s shares to avoid any irregular trading activities from price sensitive discussions that have started and are ongoing. We will update you of subsequent developments. In the meantime, we humbly ask for your kind patience and that you also keep us in your prayers. The peace and grace of God be with you all.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.