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  1. Leisure Goods
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  3. KIN GROUP Plc

Share Activity
Share Activity:

Key Company Info.
Trading Notes:

Previously called Fitbug Plc.
Kin Group plc, acquired Bidstack in August 2018.

Company Description:

The Company became a "Rule 15 Cash Shell" under Rule 15 of the AIM Rules on 30 August 2017 following the directors of Kin Wellness Limited, the Company's principal trading subsidiary, having appointed Simon Harris and Ben Woodthorpe of ReSolve Partners Limited as administrators to Kin Wellness Limited with effect from 30 August 2017. On 8 September 2017 the administrators completed the sale of the business and certain assets of Kin Wellness Limited to SMG Investment Holdings Pty Limited, an Australian company based in Brisbane, ("SMG") for an aggregate cash consideration of £50,000.

Within six months of becoming an AIM Rule 15 Cash Shell, the Company must make an acquisition or acquisitions which constitute(s) a reverse takeover under AIM Rule 14.  In the event that the Company does not complete a reverse takeover under AIM Rule 14 within six months of becoming a Rule 15 Cash Shell, the London Stock Exchange will suspend trading in the Company's AIM securities pursuant to AIM Rule 40.  The London Stock Exchange will cancel the admission of the Company's AIM securities pursuant to AIM Rule 41 where they have been suspended from trading for six months.

On 15 November 2017 the Company completed its Corporate Voluntary Arrangement and raised £1 million before expenses by way of a placing of new ordinary shares.

Active: Shell
List date: 15th August 2018 07:00


Nominated Advisor:

SPARK Advisory Partners Limited


Peterhouse Capital Limited

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