BWA GROUP PLC - Trading Update PR Newswire

13 April 2016

GB0033877555

BWA GROUP PLC
(“BWA” or the “Company”)

Trading Update

As referred to in the Company’s unaudited interim results for the six months ended 31 October 2015, released earlier today, the proposed reverse takeover, which was announced in October 2015 and which the Directors and the Company’s advisers had been working on since April 2015, has failed to complete. Accordingly, trading in the Company’s shares on the ISDX Growth Market is being restored today.

The Directors have negotiated a settlement of £76,311 with the former acquisition target and, as a result, they anticipate a trading profit for the Company’s financial year ending 30 April 2016.  The Directors are continuing to work with the Company’s two major investments, Prego International Limited and Mineralfields Group Limited, to achieve realisations in the medium term.

The Directors of BWA are responsible for the contents of this announcement.


For further information, please contact:

BWA Group Plc
Richard Battersby (Non-Executive Chairman)                                                                                       07836 238 172

Peterhouse Corporate Finance Limited
Mark Anwyl or Duncan Vasey                                                                                                               020 7469 0930