BAGR.L Share Price (BAGR)

Got this on my Halifax share dealing account today

BAGIR GROUP LIMITED - Important Information
Liquidation.

And:

Potential Cancellation of Listing on the Alternative Investment Market of the London Stock Exchange.

Important Information & Other Key Dates:

On 3rd April 2020, Bagir Group Limited (Bagir) announced that as a result of the limited visibility on future revenues and payments by customers, particularly in key markets in the UK and US and, because of its cash balance, the Board anticipated that the Company had insufficient cash resources available to operate as a going concern.

On the same date, because of the uncertainty of Bagir's financial position, the Board requested an immediate suspension of trading in its shares on the Alternative Investment Market (AIM) of London Stock Exchange.

On 14th May 2020, the District Court of Beer Sheva, Israel, placed Bagir into Liquidation and appointed Ilan Shavit-Stricks Adv, Head of Firm and Senior Partner of Haim Zadok & Co. as sole Liquidator.

Subsequently, on 18th May 2020, N+1 Singer informed the Liquidator that it had resigned as Nominated Adviser and Broker to the Company with immediate effect. Pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month, the admission of the Company's shares will be cancelled on AIM.

In the interim, the Company's ordinary shares remain suspended from trading on AIM and you are unable to trade in them on that market.

Should we receive any distributions from the Company, we will notify you at that time. Please note, however, that there can be no certainty that such a distribution will be made.

We will update you on receipt of any further information from the Liquidator.

Should you wish to find more information about the Liquidation, please visit http://bagirinvestors.com/.

Over and out.....shame it comes to it but the nasty covid seems to give this long established company the final kiss of death ...wrote off my little punt here few weeks ago...you win some and lose others...lucky for me I have more of the former....signing off here so good luck to you all in your other investments and perhaps meet again on other forum boards.
ATB.

Its a shame , who would have thought a company turning over 50m will go down under . Hope we all make our money back elsewhere

Palestinians should have taken over the board.....they so resourceful, and would have made it work!!!

My hl account took a big hit today due to this