Further to the announcement of 1 June regarding the Pelatro Plc's acquisition strategy, the Board confirmed that it has been in early stages of evaluating one particular opportunity which would have added recurring revenue and cash flow as well as diversified the Company away from emerging markets with a broader geographic presence. However, the owners of that target have now indicated that they are unlikely to want to sell the business in the near term and hence discussions have terminated. The Board will continue to evaluate potential acquisition opportunities that fit the Group's focused criteria and will update shareholders as appropriate.