10 Oct 2017 18:15
REMOVAL OF NOMAD STATUS BY THE EXCHANGE
This announcement is made pursuant to Rule 32 of the AIM Rules for Nominated Advisers ("Nomad Rules").
Pursuant to Nomad Rule 11, the Exchange has determined to remove the nominated adviser status of ZAI Corporate Finance Limited ("ZAI") for failure to meet, on a continuing basis, nominated adviser eligibility criteria as set out in Nomad Rule 2.
ZAI will be removed from the register of nominated advisers at 7am 19 October 2017 so as to provide additional time for those AIM companies for whom ZAI currently provides nominated adviser services, to appoint a new nominated adviser. Accordingly, the affected AIM companies must appoint a new nominated adviser by this date.
Pursuant to Rule 1 of the AIM Rules for Companies ("AIM Rules"), if no new nominated adviser is appointed by 7am 19 October 2017, trading of the relevant company's AIM securities will be suspended on that date until appointment of a new nominated adviser. If a new nominated adviser is not appointed within one month of suspension (by 20 November 2017), trading in the company's AIM securities will be cancelled pursuant to AIM Rule 1.
AIM Regulation will liaise with the relevant AIM companies in respect of their plans and in respect of those companies, will provide to any nominated adviser engaged by 19 October 2017 an expedited process allowing extra time to undertake full due diligence.
Any queries should be referred to AIM Regulation at: aimregulation@londonstockexchange.com
The Nomad Rules can be found at the following link.
The AIM Rules can be found at the following link.
AIM Regulation