RE: Delisting20 Oct 2016 13:54
me too.... just got an email from my broker
This is to let you know you have a Corporate Action on one of your holdings.
Security: NEW WORLD OIL & GAS
Description: Mandatory Event
New World Oil & Gas Plc
Possible Delisting
As a holder of New World Oil & Gas Plc Shares we write to advise you that the board
of New World Oil & Gas Plc has announced that the company is currently due to be
cancelled from trading on AIM with effect from 9 November 2016, being the date six
months from suspension of trading. At the end of July 2016, the Company and its
Nominated Adviser, Beaumont Cornish Limited, mutually agreed that BCL would cease
to act for New World on the earlier of three months or the anticipated appointment of
the new nominated adviser who the Company intended to use in relation to the
proposed transaction with Big Sofa Limited, and as announced the Transaction has
now been terminated.
Delisting and cancellation of trading will significantly reduce the liquidity and
marketability of the New World Oil & Gas Plc Shares.
Please note this is not an inducement to trade and should not be considered financial
advice. If you are in any doubt about what action to take, please contact your
financial adviser.
Actions required by you
As this is a mandatory event, no action is required by you.
Best regards,
Looks like another of my AIM shares being de-listed :-(