17 Jun Company update
Path Investments plc (TIDM: PATH), is pleased to provide an update on the Company’s strategy. Since the aborted potential transactions with 5P Energy GmbH and ARC Marlborough Pty Limited the Company has broadened its search for potential investment opportunities from the energy sector to encompass the wider natural resources sector.
The Company is currently evaluating a number of potential opportunities in line with its strategy to focus on the acquisition and development of producing and near producing natural resources assets in fiscally and politically stable economies. Further updates will be provided as appropriate.
Commenting, Christopher Theis, Chief Executive of Path, said: “We were very disappointed that the proposed transactions with 5P Energy and ARC Marlborough did not proceed to completion However, we continue to evaluate a number of opportunities in the natural resources sector. We believe that we will be able to complete a transaction that can deliver significant value for Path shareholders and I look forward to providing updates in due course.”
For further information:
Path Investments plc
Christopher Theis, Andy Yeo +44 (0) 20 3934 6630
Shard Capital (Financial Adviser and Broker)
Simon Leathers, Damon Heath +44 (0) 20 7186 9900
IFC Advisory (Financial PR & IR)
Tim Metcalfe, Heather Armstrong, Miles Nolan +44 (0) 20 3934 6630