NOMAD3 Dec 2018 13:55
I'm still confused about why MDZ has NOT sought to put out an RNS on this as yet, it does affect the company as its a regulatory requirement to have a NOMAD in place and therefore to trade on AIM. The directors should be in talks now with regards to the transition from Northland to SP Angel but have decided YOU don't need to know, I'd hazard a guess some of the posters on here didn't know until I mentioned it the other week?
I quote
"the merger remains subject to regulatory approvals and due diligence. In accordance with AIM Rule 1, if in the unlikely event that the Company fails to appoint a new Nomad by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. In the unlikely event that the Company has failed to appoint a replacement Nomad by 4 March 2019 the admission of its AIM Securities will be cancelled.
So no news as yet on that score but the "due diligence" could get interesting on the transparency of the major shareholders !
As I've said already, who is on the BOD of CCCAL ?
Article 7 of Regulation (EU) 596/2014
I quote "Market abuse is a concept that encompasses unlawful behaviour in the financial markets and, for the purposes of this Regulation, it should be understood to consist of insider dealing, unlawful disclosure of inside information and market manipulation. Such behaviour prevents full and proper market transparency, which is a prerequisite for trading for all economic actors in integrated financial markets.
So just who is on the board of CCCAL based in Aldernay that does no business and just happens to be the largest shareholder here ? Not much transparency there methinks ?