RE: Today i wrote22 Feb 2024 16:54
Thank you for your email, copied below, regarding AMTE Power plc (the "Company").
AIM Regulation considers all enquiries as regards the conduct of AIM companies and nominated advisers in respect of their compliance with the AIM Rules for Companies (“AIM Rules”) and for Nominated Advisers (“Nomad Rules”) and takes action where appropriate.
Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules. Further information regarding the remit of AIM Regulation, and that of other regulators and competent authorities, can be found at the following AIM Regulatory Landscape, but it may also be of assistance to you to note that:
a) The terms of the sale of the Company’s trading business and certain assets of the Company to LionVolt Ltd, was undertaken by the joint administrators to the Company, FRP Advisory Trading Limited (“Joint Administrators”). Accordingly, you may wish to raise any concerns you may have over the transaction directly with the Joint Administrators who can be contacted by email on amtepowershareholders@frpadvisory.com. If you have not done so already, you may also wish to refer to the Joint Administrators’ report available here, which sets out the history of the transaction and other options explored by the Joint Administrators.
b) The Financial Conduct Authority (“FCA”) is the competent authority with statutory remit to investigate alleged breaches of the Market Abuse Regulation. Should you wish to communicate directly with the FCA you can do so by completing a webform on the FCA’s website (available here), or by writing to Market Integrity Unit, Primary Market Oversight Department, Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN.
c) Any allegation of fraud can be raised with the Serious Fraud Office or with Action Fraud via: https://www.sfo.gov.uk/contact-us/reporting-serious-fraud-bribery-corruption/ and https://www.actionfraud.police.uk/reporting-fraud-and-cyber-crime.
As indicated, we can assure you that we consider all enquiries and investigate alleged breaches of our rules. In this regard, if you have evidence that the Company has breached its AIM Rules obligations, please provide details and supporting evidence so we can consider. However, you will appreciate that confidentiality is essential in maintaining the integrity of our work and, accordingly, please note we are unable to comment on company specific matters or provide updates.
We trust the above is of assistance to you.
Kind regards
AIM REGULATION