13 Mar 2018 15:19
Ambrian plc (in administration)
Notice of Resignation of Nomad and Broker
Ambrian plc (in administration) ("Ambrian" or the "Company" or, together with its subsidiaries, the "Group") announces that Cenkos Securities plc has served notice terminating its engagement with the Company as its nominated adviser ("Nomad") and broker, effective immediately.
The Company is aware of its obligations regarding the appointment (and continued appointment) of a Nomad under AIM Rule 1. Should the Company fail to appoint a replacement Nomad within one month of the date of this announcement, trading in the Company's securities on AIM will be cancelled.
The Company's securities remain suspended on AIM pursuant to the announcement dated 22 December 2018.
For further information, please contact:-
Ambrian plc |
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Martin Abbott, Chairman | +44 (0)20 7634 4700 |
John Coles, CFO |
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Grant Thornton UK LLP |
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Matthew Richards / David Dunckley, Joint Administrators | +44 (0)20 7383 5100 |
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse
The affairs, business and property of Ambrian plc are being managed by Matthew Richards and David Dunckley of Grant Thornton UK LLP, who were appointed Joint Administrators of the Company on 22 December 2017. The Joint Administrators act as agents of the Company without personal liability. Matthew Richards and David Dunckley are authorised by the IPA to act as insolvency practitioners.