Sam26 Feb 2018 09:37
They delist from AIM.
As previously reported, RFC Ambrian ('RFC') have tendered notice to resign from being the Company's Nominated Adviser ('Nomad') and subsequently agreed to extend their appointment until today whilst the Company seeks to appoint a new Nomad. Unfortunately, efforts by the new Board to secure a suitable replacement Nomad have so far been unsuccessful. In accordance with AIM Rule 1, the Company's shares would be suspended from tomorrow (8 February 2018) as the Company will cease to have a Nomad, however the Company has been, and remains, suspended since 21 December 2017. If a replacement Nomad is not appointed within one month of 8 February 2018 then the admission of the Company's securities on AIM will be cancelled pursuant to AIM Rule 1. The Company also notes that, pursuant to AIM Rule 41, admission of its securities to AIM would also be cancelled if it remains suspended from trading for six months. Should either of these outcomes occur, the Company would continue as an unlisted Australian public company.