RE: Shares30 Aug 2023 07:54
this is from an rns
in the event that the cancellation resolution is passed and the admission of the company's ordinary shares to trading on aim and euronext growth is cancelled, shareholders will no longer be able to buy and sell ordinary shares in the company through aim or euronext growth. accordingly, the company would no longer be subject to the rules and corporate governance requirements to which companies admitted to trading on aim and euronext growth are subject (and accordingly shareholders will no longer be afforded the protections given by the aim rules or the euronext growth rules). davy will cease to be the company's nominated adviser and broker. there will be no formal market for shareholders to effect transactions in the company's shares following cancellation unless an alternative trading facility is put in place.
alternative trading facility
the board, in considering the investment, was mindful of providing shareholders with a mechanism or alternative arrangement for trading the ordinary shares.
accordingly, the board is actively pursuing the introduction of the ordinary shares of the company to an alternative **************. in this regard the company intends to apply to have its ordinary shares traded on the aqse growth market, a recognised growth market, based in london, subject to approval by aqse regulation. in the event that the company's shares are admitted to trading on the aqse, the company will be subject to the regulations and corporate governance of the aqse exchange.