LONDON (Alliance News) – CSF Group PLC said on Friday it is “not aware” of any material new developments to cause the recent rise in its share price, but added it is in discussions for the disposal of an operating subsidiary.
Shares in CSF were up nearly four-fold on Friday to close at 2.175 pence, from a closing price of 0.6p on Thursday.
The data centre provider said following shareholder rejection last year to the board’s proposal to cancel CSF’s shares on AIM, it has been considering a “number of options”.
CSF said it is currently in discussions for the potential disposal of one of its operating subsidiaries, but added it has not reached a definitive offer and there can be no certainty an offer will be made.
By Lucy Heming; firstname.lastname@example.org
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