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GRIT Investment Trust plc announced on 13 August 2026 that its proposed reverse takeover to acquire Planet Scan AG, previously announced on 27 July 2026, is no longer proceeding. The company is completing its Annual Report and Accounts for the period ended 31 March 2026, which were due by 31 July 2026, and trading in its securities remains suspended.
| Date | 13 Aug 2026 |
| Time | 15:52:39 |
| Category | Miscellaneous |
| ID | 6290Q |
13 August 2026
GRIT Investment Trust plc
("GRIT" or "the Company")
Termination of potential reverse transaction
Further to the announcement of 27 July 2026 in relation to the agreement in principle to acquire Planet Scan AG, the Directors of GRIT can now confirm that the Proposed Acquisition which would have constituted a reverse takeover ("RTO") is no longer proceeding.
The Company will consider its options to include seeking alternative acquisition opportunities and seeking a cancellation of its listing.
The Company is in the process of completing the statutory Annual Report and Accounts for the period ended 31 March 2026 (the "2026 Accounts") which were due by 31 July 2026.
In the meantime, trading in the securities of GRIT remains suspended.
Enquiries:
GRIT Investment Trust plc
Tel: +44 (0) 7469 896677
AlbR Capital Limited (Corporate Broker)
Tel: +44 (0) 207 469 0930
Beaumont Cornish Limited (Financial Adviser)
Tel: +44 (0) 207 628 3396