28 Aug 2019 07:00
28 August 2019
Albert Technologies Ltd.
("Albert Technologies" or the "Company")
Secondary Trading following Cancellation
Albert Technologies announces details of the secondary market trading facility that will be in place following the cancellation of the admission to trading on AIM of its Ordinary shares ("Cancellation").
As previously announced, following approval by shareholders at the General Meeting held on 20 August 2019, the Cancellation will take effect from 7.00 a.m. on Thursday 29 June 2019.
Following the Cancellation, the Company has appointed Asset Match (www.assetmatch.com) to facilitate trading in the ordinary shares. Asset Match, a firm authorised and regulated by the Financial Conduct Authority, will operate an electronic off-market dealing facility for the ordinary shares. This facility will allow existing shareholders of the Company ("Shareholders") and new investors to trade ordinary shares by matching buyers and sellers through periodic auctions. Investors can register their interest for further information on the Asset Match auction process by emailing info@assetmatch.com.
The Asset Match trading facility operates under its own code of practice which governs the behavior of participants and the running of the periodic auctions. Asset Match operates an open auction system where volumes of bids and offers at different prices are displayed on its website together with the closing date of the auction. At the end of each auction period Asset Match pass this information through a non-discretionary algorithm that determines a "fair" share price based on supply and demand and allocates transactions accordingly. Bids and offers may be made and withdrawn at any time before the closing date of each auction.
Shareholders will continue to be able to hold their shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares. Shareholders wishing to trade shares through Asset Match must do so through a stockbroker and a comprehensive list of stockbrokers who have signed up to access the Asset Match platform is available on the Asset Match website. The preferred broker of Asset Match is the Share Centre www.share.com.
The Company has not yet determined the closing date of the first Asset Match auction of its ordinary shares, but it is the Company's intention to have the first auction during September 2019. Details will be posted on the Company's website and on the Company page to be set up on the Asset Match website.
For further information, please visit www.albert.ai or contact:
Albert Technologies Ltd | |
Or Shani, Chief Executive Officer Yoram Freund, Chief Financial Officer https://albert.ai/
| Tel: +972 3537 7137 |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) | |
Philip Davies Corporate Finance William Goode
Caspar Shand-Kydd Equity sales Arthur Gordon
| +44 (0)20 7894 7000 |
Asset Match Limited
Ben Weaver Matthew Wilson
| +44 (0)20 7248 2788 |