Possible de-listing4 Jan 2019 14:37
Active Energy Group plc: Possible Delisting
What is happening?
In order to maintain a listing on the Alternative Investment Market (AIM) all companies are required to have an approved Nominated Adviser (Nomad). The Nomad for Active Energy Group plc, Northland Capital Partners Limited (Northland), has notified the Company that it intends to merge with SP Angel Corporate Finance LLP (SP Angel).
As a result of the Merger, the Company is actively seeking to transition the Nomad role from Northland to SP Angel. The process has already started, and at present the Company anticipates a smooth and orderly transition of the Nomad role. However, the Company recognizes that the Merger is subject to regulatory approvals and due diligence.
In accordance with AIM Rule 1, in the unlikely event that the Company fails to appoint a replacement Nomad by Friday 1 February 2019, trading in the Company’s Shares will be suspended from trading on AIM at 7:00am on that date.
Should the Company fail to appoint a replacement Nomad within one month of the suspension, the listing of the Company’s Shares on AIM will be cancelled. Please note that if the listing is cancelled you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell at any price.