logo-loader
viewNBNK Investments

NBNK Investments shares suspended pending news on strategic acquisition

canary_wharf350_4e65d560540cc.jpg

Shares in NBNK Investments PLC (LON:NBNK) have been suspended on AIM pending substantial developments regarding its efforts to create a UK retail bank.

NBNK was formed for the purpose of making acquisitions in order to establish a significant UK retail bank.

In a statement to the London Stock Exchange, the company said that in view of the size of the operations it is seeking to acquire, any of which would be classed a reverse takeover underv AIM rules, and the level of on-going press speculation concerning possible acquisitions, trading in NBNK’s shares will be suspended until an admission document is published in relation to an acquisition or the talks otherwise conclude.

There can be no certainty that a transaction will be forthcoming, and further announcements will be made in due course, it said.

NBNK wants to create a UK bank focused on the retail and corporate small and medium enterprise (SME) markets. The company has been founded by Lord Levene and a group of senior business figures, supported by a number of institutional shareholders.

NBNK will focus on the UK market only, initially just in the retail banking and SME areas but it intends to expand into wealth management.

Quick facts: NBNK Investments

Price: - -

AIM:NBNK
Market: AIM
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Eckoh PLC doubles its US revenues with 'more to come', says...

Eckoh PLC's (LON:ECK) Nik Philpot talks Proactive through their results for the six months to September 2019. The group enjoyed significant commercial traction in the US, where revenues doubled and, since period end, they've landed a deal with an unnamed Fortune 100 retailer. For the group...

8 hours, 31 minutes ago

2 min read