Ridgecrest PLC - cash shell - Says trading of its shares on London's AIM will be restored with effect from Monday.
The company's shares were suspended at the end of January following notifications in relation to the issue of new shares which are conditional on shareholder consent. As a result of the deterioration in settlement performance, the trading of Ridgecrest shares has been temporarily suspended. Settlement of outstanding transactions continued whilst the security is suspended.
On Monday, Ridgecrest notes that, since January 28, the settlement situation has improved and accordingly the restoration to trading can take place.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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