Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Frontier said it was 'highly likely' its tie-up with Science Group would receive shareholder approval at a general meeting as merger talks resumed after the latter increased its ownership in the company to 70.3%.
Frontier, citing the size of Science Group's holding and recognising the voting arithmetic, said it was highly likely that the merger would be successfully approved at a general meeting of the company.
Talks between Science Group and Frontier to effect a statutory merger were resumed after Science Group increased its holding in the company, purchasing 8,062,745 shares at a price of 25 pence per share, taking its holdings to 31,510,176 shares, equivalent to a 70.3% stake in Frontier.
At 9:41am: (LON:FST) Frontier Smart Technologies Grp Ltd share price was 0p at 25p