Today in full13 Mar 2018 22:35
D00221991
Account status: Okay to trade
Available to invest: � 0.15
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INIFINITY ENERGY S.A. - Important Information
Proposed move to the Main Market of the London Stock Exchange and Suspension of Trading.
Important Information & Other Key Dates:
The Company's shares have been suspended from trading since 13th October 2017. As the Company is an AIM Rule 15 cash shell, the Company will have to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules by 12th April 2018, otherwise the admission of the Company's shares to trading on AIM will be cancelled.
Infinity Energy has announced proposals to cancel the admission of its Ordinary shares from trading on the Alternative Investment Market (AIM) and apply for admission to the Official List and to trading on the Main Market of the London Stock Exchange (LSE).
The intention of the Board of Directors is to complete a transaction as part of a simultaneous listing. The Company is in advanced discussions to acquire a stake in a company which holds several on-shore oil and gas exploration licences in the United Kingdom.
Shareholders should note that Admission to the Official List and trading on the LSE's Main Market is subject to the approval of the UK Listing Authority and the Exchange. Shareholders should be aware that there can be no certainty that the Company will be able to successfully list on the LSE. Furthermore, the acquisition of the stake mentioned above will be subject to Admission.
We will update you when we receive further information.