Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer - Appoints administrators from FRP Advisory Trading Ltd as it engages in "advanced negotiations" for the sale of its business and assets to an unnamed third party.
WH Ireland ltd has resigned as nominated adviser following the appointment. Should the company fail to appoint a replacement within one month, admission of its shares to trading on the AIM market of the London Stock Exchange will be cancelled.
Current stock price: Suspended, last closed at 0.88 pence on December 19
12-month change: down 98%
By Hugh Cameron, Alliance News reporter
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