If you have any questions for next week's webinar guest speakers (Clifford Gross Ph.D, CEO, Tekcapital, Mark Selby, Chair & CEO, Canada Nickel, Robin Brundle, Chairman, Technology Minerals and Werner Klingenberg, CEO, Goldplat) please submit here.
I believe AIM Rule 1 would only apply at the point the NOMAD is lost, i.e. once they have left. We would have to suspend trading until a new one was appointed (or delist if we remain without a NOMAD after 30 days). NOMAD leaving would only be the case if they resigned with immediate effect, and would have to be stated at the time.
Accounts - depends when they fall due, but again would this not apply only once the deadline had passed and no acounts have been filed, not days/ weeks in advance?
Everything points to this being a suspension by choice, Rule 15 is the obvious candidate of the three you've mentioned.
Unfortunately from my pov champions league now being "Spurs' to lose" is possibly nerve racking than anything! I seriously wouldn't rule out a loss at Norwich who have nothing to play for.
Everton however will be another tough one for your lot as they're getting some goalscoring form, and as you say Les the desire seems to be all but gone from Arsenal judging by the last couple of games.
I'm not massively convinced the full list of letter is a code, there must be some kind of unique reference to identify it in the system somewhere.
However from a short, non scientific, google search of suspension rns there does appear to be two common starting letters: EXC and SUS
EXC seem to be linked to suspensions initiated at the request of the company. SUS appears to be more enforced on the company concerned, eg the FCA has suspended...
Ill reiterate this is non scientific but it does look like, without stating it, this suspension is at the Company's request, rather than a forced suspension for a breach of any rules or conditions of listing. If true it puts paid to anyone "forcing the company to fess up" GLA, maybe tomorrow...
They'll have to issue something to explain themselves. I just hope it isn't a rubbish holding rns along the lines of last time, for example (paraphrased):
The Company confirms that trading in its ordinary shares has been suspended (at 7.40am 16/05/2022) pending an announcement. The Company's AIM securities remain suspended. Further updates will be made shortly.
Hoping that the lack of such a rns on the day of suspension, means the rns when it comes will provide a full set of answers.
Happy birthday Loosecanon! The suspension should be related to the perceived risk of non-public details being leaked, suggesting it's very near completion. There is a lot of regulatory hoops to jump through should this be a Rule 15 triggering disposal of assets being put forward.
It obviously needs to reach a level of certainty before the proposal information can be made public, which if this is happening during market opening hours can result in some disorderly activity from unscrupulous parties.
An update should come later today, at least explaining what the suspension is for. There's not been much social media speculation (at least along the same lines as making public on Twitter a new relationship with a specific bank). We wait and see. GLA