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Share Price: 124.25

Bid: 123.50

Ask: 125.00

Change: 0.25 (0.20%)

Spread: 1.50 (1.215%)

Open: 125.00

High: 125.00

Low: 124.00

Prev. Close: 124.00

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IN BRIEF: Amte Power joint administrators agree business, asset sale

Fri, 02nd Feb 2024 10:46

Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer - Says joint administrators Richard Bloomfield, Ian Corfield and Michelle Marie Elliot of FRP Advisory Trading Ltd have entered a business & sale agreement, regarding the sale of a part of the trading business and some other assets to LionVolt Ltd. Amte Power reiterates that if it fails to appoint a replacement nominated advisor following the resignation of WH Ireland Ltd in January, its admission of shares to trading on AIM will be cancelled. AMTE has one month to appoint a new nominated advisor after WH Ireland's resignation on January 19.

Current stock price: 0.88 pence

12-month change: down from 63.5p on February 2, 2023

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: Amte Power joint administrators agree business, asset sale

Steven Norris doubles Jarvis stake

London close: US economic data hits Footsie

London afternoon: Prices drift lower

London midday: Marking time

Fairpoint grows first half profit

Michael Page man meets tax demands

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