LONDON - Sealand Capital Galaxy Limited [LSE: SCGL], an IT, Social Media & Technology company, has observed a recent increase in its share price but stated today that it is unaware of any specific factors that would justify the rise. The board of directors emphasized that there have been no material changes in the company's trading or financial condition since the interim results were announced on September 30, 2024.
The company also referenced its November 22, 2024, announcement regarding potential refinancing and investment opportunities, noting that these are still undergoing due diligence and are subject to necessary permissions. Sealand Capital Galaxy Limited cautioned that there is no guarantee these agreements will be finalized, which would affect whether funding is secured or investments are made.
This announcement comes as Sealand Capital Galaxy Limited complies with the Market Abuse Regulation (EU) No. 596/2014, which remains part of UK law post-Brexit. The company has made it clear that, as of now, the information that could explain the share price movement is not available and any further updates will be provided in due course.
Investors and market observers are reminded that details provided in this article are based on a press release statement from the company.
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