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What does this mean?
Interesting, but we do need to sort out the listing.
hTTps://epsioncapital.com/ These guys are our deal makers
Some thoughts of a Loggybog
Welcome to AIM, one has to be very very careful or your cash can suddenly vanish before your eyes!
Yes all loss. Because I have so many others delisted worthless you can only sell if they can relist.
Hi Ace, I have just been informed by the Halifax that if you have these shares in an ISA they will be removed back to your share account as under AIM rules the shares have been cancelled so cannot be in an ISA.
They also say ABAL can reapply to go back on AIM but might not be accepted.
After reading the whole corporate action I am slightly more hopeful than I was before as they say ABAL have said they are hoping to resume trading soon.
jonny - Anything can happen of course, but they have suggested the share price for the rto as being close to the previously traded price. And if they have a main listing then there needs to be a 25% free float so that should preclude billions of shares going to the current owners.
I can't see it taking long now - either way!
As it says in the RNS shares in the company are cancelled. I hope I am wrong as I have 7K in this but I think the turnover has been delayed to make this happen .
Even if we do get any shares issued to us the last time this happened to me in SLME my 8K turned into £80.
Next time you buy shares ask me if im in them first and avoid.
Is all lost ?
Yeah it's cancelled because the link provided earlier is saying the intention is to eventually list on the main market, they don't want to be in the filthy AIM so it's either main marker or nothing now. Fingers crossed everyone this hopefully becomes good to those of us invested.
what i think the company don,t bother anymore to inform the market .this is what happen
Fri, 7th Feb 2020 11:29
(Alliance News) - Shares In Hansteen Holdings PLC, CloudBuy PLC and Abal Group PLC have been cancelled from trading on the London Stock Exchange with effect on Friday.
Real estate investment trust Hansteen said that its shares were cancelled following its takeover by Potter UK Bidco Ltd. On Thursday, the trust said that a court scheme sanctioning the transaction was received by the Registrar of Companies, confirming the acquisition.
Shares in the e-commerce business-to-business marketplace cloudBuy were cancelled after a resolution to cease trading was approved by shareholders in January. The company said that the cancellation was "in the best interest of shareholders after considering, amongst other things, the costs of maintaining trading in the ordinary shares on AIM and the limited free float and liquidity in the ordinary shares".
Shares in cash shell Abal were suspended from trading in August after it failed to undertake a takeover within the required time frame.
Under AIM rules, cash shells have six months to complete an acquisition which constitutes a reverse takeover or raise GBP6 million to become an investment company. Failure to do so results in shares being suspended. Failure to complete a takeover after the expiry of a further six months leads to the company's shares being cancelled.
Shares in all three companies have now ceased to be traded effective immediately.
Man, Always the optimist!!
It’s not over yet until the RNS says so
Lost. All lost. Finished
Our shares are already cancelled on Aim. Been over a year since becoming a cash shell. Now we wait to have our shares added to the main market.
So, do we have another 6 months before cancellation?
>Shares in cash shell Abal were suspended from trading in August after it failed to undertake a takeover within the required >time frame. Under AIM rules, cash shells have six months to complete an acquisition which constitutes a reverse takeover >or raise GBP6 million to become an investment company. Failure to do so results in shares being suspended. Failure to >complete a takeover after the expiry of a further six months leads to the company's shares being cancelled.
As the shares will be listed on the main market, Aim rules do not apply. Hence our shares are safe. Looking positive.
Cancellation of trading on AIM
Pursuant to AIM Rule 15, trading in the Company's shares on AIM was suspended on 6 August 2019. It is currently anticipated that trading in the Company's shares will not resume until the transaction with Supply@Me is completed and the Company has been successfully admitted to the Standard List. In the meantime, Abal confirms that the cancellation of the admission to trading of the Company's ordinary shares on AIM will take effect from 7.00 a.m. on 7 February 2020, in accordance with AIM Rule 41.
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Excuse my ignorance but what does this mean to us share holders?
Cancellation - Abal Group plc
from Regulatory News | 7th February 2020 07:00
RNS Number : 2447C
07 February 2020
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM - XLON
Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
Any1 email Simon Charles to confirm?
Why you saying no news. When you are getting plenty of news only problem is this is lemon share
I am hoping no news is good news but have basically written of my investment here
Perhaps they'll update us today with cancellation tomorrow.