Alternate Text

Paragon Resources plc

Secondary Market (Withdrawn)

The Directors of Paragon intend initially to seek to acquire a direct and/or an indirect interest in projects and assets in the agricultural sector. However they will consider opportunities in the wider natural resources sector where these are ancillary or complimentary to the agricultural projects or assets that the Company may acquire in the future. The Company will focus on opportunities in Africa and Asia but will also consider, on a limited basis, possible opportunities anywhere in the world.

The Company may invest by way of purchasing quoted or unquoted shares in appropriate companies, outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, or by entering into partnerships or joint venture arrangements or by providing loan funding. Such investments may result in the Company acquiring the whole or part of a company or project (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company or project in question. The Company will not have an external investment manager, and investment decisions will be made by the Directors after receiving appropriate professional advice.

The Company may be both an active and a passive investor depending on the nature of the individual investments. Although the Company intends to be a medium to long-term investor, the Directors will place no minimum or maximum limit on the length of time that any investment may be held and therefore shorter term disposal of any investments cannot be ruled out.

There will be no limit on the number of projects into which the Company may invest, and the CompanyÔÇÖs financial resources may be invested in a number of propositions or in just one investment, which may be deemed to be a reverse takeover pursuant to Rule 14 of the AIM Rules. The Company will carry out an appropriate due diligence exercise on all potential investments and, where appropriate, with professional advisers assisting as required. The BoardÔÇÖs principal focus will be on achieving capital growth for Shareholders.

Investments may be in all types of assets and there will be no investment restrictions within the overall policy.

The Company will require additional funding as investments are made and new opportunities arise. The Directors may offer new Ordinary Shares by way of consideration as well as cash, thereby helping to preserve the CompanyÔÇÖs cash resources for working capital. The Company may in appropriate circumstances, issue debt securities or otherwise borrow money to complete an investment. The Directors do not intend to acquire any cross-holdings in other corporate entities that have an interest in the Ordinary Shares.ÔÇØ

Paragon Resources plc

Symbol Ccy Code Bid Ask Mid Previous Close Volume Last Traded 52Wk Low 52Wk High
xx.PAR.GB GBX - - 0.25 0.25 - - 0.18 0.25

All data delayed by up to 5 minutes
All data delayed by up to 5 minutes. The information depicted in the graph above (the "Graph") may not be up to date or accurate and, in particular, may not reflect any subsequent trade cancellations that may have occurred. Information contained in the Graph should not be relied upon as authoritative or taken in substitution for the exercise of your own commercial judgement.
Please see primary market for this information
Please see primary market for this information

Please see primary market for this information

Key Information

Symbol: xx.PAR.GB
MiFID Status: Regulated Market
  Please see primary market for more information

Latest Trades

Date & Time Volume Price
No trades available at this time.
View all trades

Find a Broker

Interested in this company ? Find a Broker here.

Search all Brokers