Apologies for panicking but.....28 Jan 2015 17:28
Gowin New Energy Group Ltd: Potential Suspension and Delisting
Your holding of 50,000 shares within your Vantage Fund & Share Account
What is happening?
The Board of Gowin New Energy Group Ltd has announced that Cairn Financial Advisers LLP has resigned as the Company's nominated adviser effective from the close of business on 26 February 2015.
In accordance with the Alternative Investment Market (AIM) Rule 1, the Company's shares will be suspended at 7.30 am on 27 February 2015 if a replacement nominated adviser has not been appointed by that time.
If a replacement nominated adviser has not been appointed within one month of that suspension, the admission of the Company's securities to AIM will be cancelled.
What action do I need to take?
If you wish to sell your holding before the proposed listing suspension you must do so before 4.30pm on 26 February 2015. The trade will be placed in accordance with our terms and conditions and subject to the standard Stockbrokers commission rates. To sell these shares please phone us on 0117 980 9800 or place the trade online. Please note that if the cash consideration of a sale does not exceed the commission payable then the sale will not be executed. Please note that although Hargreaves Lansdown will endeavor to sell your shares it may not be possible to sell all, or even any, of your shares if a market for the shares no longer exists.
If you wish to maintain your holding you need take no action. You should note that following the cancellation you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell it at any price.
Important information for holders of Gowin New Energy Group Ltd shares within a Vantage Stocks & Shares ISA
Please note, under HMRC rules unlisted shares are not eligible to be held within a Stocks & Shares ISA. As a result any holding of Gowin New Energy Group Ltd shares within a Vantage Stocks & Shares ISA will need to be removed within 30 days of the effective date of the delisting (27 March 2015).
We will write to all holders of Gowin New Energy Group Ltd shares within a Vantage Stocks & Shares ISA shortly after the delisting date. The options available to holders will be to transfer the holding to a Vantage Fund & Share Account or to withdraw the holding into certificated form at a cost of £25.00 per certificate. Any sales placed prior to the delisting will retain the proceeds of the sale within the Vantage Stocks & Shares ISA.
Other information and warnings
Should you have any queries relating to the Delisting please contact us on 0117 980 9912. Please note, we can provide factual assistance but cannot provide advice about which option you should choose. We hope you are satisfied with our service. If you would like to set up new products, or transfer other assets you hold to Hargreaves Lansdown please go to www.hl.co.uk or call our Investment Helpd
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