By Jaime Llinares Taboada
Fletcher King PLC confirmed on Friday that it is talks with Elliott Bernerd for a potential purchase of shares, issue of new shares and new board appointments.
The AIM-listed property-management company said that the potential deal won’t constitute more than 29.99% of its share capital.
“Discussions are ongoing, including regarding price, and there can be no certainty that the potential transaction will proceed,” it said.
Shares at 1155 GMT were up 2.5 pence, or 6.1%, at 43.5 pence.
Elliott Bernerd is the co-founder and chairman of Chelsfield Partners, a London-based property developer.
Write to Jaime Llinares Taboada at email@example.com; @JaimeLlinaresT
View more information: https://www.marketwatch.com/story/fletcher-king-confirms-talks-with-elliott-bernerd-for-equity-investment-271625227582