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LONDON - Milton Capital Plc has applied to the Financial Conduct Authority (FCA) to lift the suspension of its ordinary shares and restore their listing on the Official List Equity Shares (shell companies) category, following the lapse of an Exclusivity Agreement with Horizon Energy Global Corporation. The agreement, which was announced on October 8, 2024, was aimed at acquiring certain Horizon subsidiaries but has since expired without an extension by mutual consent.
Despite the end of the exclusivity period, Milton and Horizon continue to discuss potential future business combinations. Meanwhile, Milton is exploring other opportunities and will begin early-stage screening of alternative prospects. The company’s board plans to outline its strategy at the forthcoming Annual General Meeting (AGM).
Milton’s decision to seek the reinstatement of its shares indicates a readiness to pursue various strategic options in the wake of the lapsed agreement with Horizon. While the company remains engaged with Horizon, the termination of exclusivity allows Milton to evaluate other potential transactions that could support its growth objectives.
The company has not disclosed further details about the potential alternatives being considered or the expected timeline for the FCA’s decision on the share listing restoration. A subsequent announcement will be made to keep shareholders and the market informed of developments.
The news of Milton’s application to the FCA and ongoing strategic evaluations comes directly from a press release statement issued by the company. Investors and market watchers will be looking forward to the upcoming AGM for clarity on the company’s direction and the impact of these developments on its operations and market position.
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