RE: It’s still unclear why18 May 2022 14:10
It all, theoretically, takes us all back to the original bank RNS -
24th Oct 2019 9:53 am RNS Engagement with CITIC and VTB Capital
If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it.
https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html
That Aim rule.
They can suspend for a long time, up to 6 months i believe, but, it always looks unprofessional, so, a swift and efficient suspension and listing as a fundamentally new business is clearly the most professional route they can take.
Shareholders were barking after 24hrs, could you imagine a longer one at this stage?
GLA