Mdz info22 Jan 2019 16:00
Potential Suspension of Trading and Cancellation of Listing on the Alternative Investment Market (AIM).
On 13th December 2018, MediaZest announced that following the proposed Merger of their current Nominated Adviser (Nomad) Northland Capital Partners with SP Angel Corporate Finance LLP, Northland intend to relinquish their Nomad status on 1st February 2019 in anticipation of the Merger going effective. Once the Merger has gone effective, MediaZest intend to appoint SP Angel as their new Nomad.
The Merger is subject to regulatory approvals and final due diligence. Therefore, should the Merger not be completed and SP Angel are not appointed as the Nomad before 1st February 2019, trading in the Company's shares on AIM will be suspended on 1st February 2019 with the last day of trading in MediaZest Ordinary shares being 31st January 2019.
In accordance to AIM Rule 1, if the Company fails to appoint a replacement Nomad within one month of the Suspension of Trading, anticipated to be the 4th March 2019, the Company will cancel the admission to trading of its Ordinary shares on AIM.
You should be aware that if you have not sold or otherwise transferred your MediaZest Ordinary shares prior to the potential Suspension of Trading and Cancellation, you will not be able to sell or otherwise deal your MediaZest Ordinary shares on AIM after 1st February 2019.
If the Cancellation becomes effective, the MediaZest Ordinary shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your MediaZest shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you.
Should the Cancellation become effective, we shall notify you on or after the date of Cancellation.
Should you wish to find more information, please visit www.mediazest.com/about/investor-relations/