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Two Shields proposes reverse takeover deal with BrandShield
StockMarketWire.com
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Technology investment company Two Shields Investments has provisionally agreed a reverse takeover with online brand protection specialist BrandShield.
Two Shields plans to acquire the remaining BrandShield shares it does not already own in a deal valued at just over £13 million.
The company said it would subsequently rebrand as BrandShield Systems to reflect the nature of the business of the new group.
The transaction is set to complete on 1 December 2020, subject to shareholder approval.
The announcement followed a fresh fundraising round, raising £3.2 million from private and institutional shareholders.
At 9:44am: (LON:TSI) Two Shields Investments Plc Ord 0.1p share price was -0.04p at 0.11p
Story provided by StockMarketWire.com
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