Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDaniel Stewart Securities Plc Regulatory News (DAN)

  • There is currently no data for DAN

Update on Suspension

15 Jan 2016 17:29

RNS Number : 0977M
Daniel Stewart Securities PLC
15 January 2016
 

For immediate release: 15 January 2016

Daniel Stewart Securities Plc

("Daniel Stewart" or "the Company")

Update on Suspension

Daniel Stewart Securities plc (AIM:DAN), the investment boutique providing corporate advisory, institutional stockbroking and wealth management services, gives the following update on suspension to trading of its shares on the AIM market.

Beaumont Cornish Limited resigned as the Company's Nominated Adviser ("Nomad") on 21 December 2015. Under the rules of AiM the Company's shares are automatically delisted if a replacement Nomad is not appointed within 30 days. Despite it's best efforts, the Company has so far been unable to secure such an appointment.

 The Company's largest shareholders remain very committed to their long term support and the Company has significant working capital headroom in place.

However, should the shares of the Company become delisted from AiM the Board will examine alternative mechanism's to facilitate trading in the Company's shares , including a potential future relisting. Full details would be circulated as soon as possible.

Peter Shea, Chief Executive commented: "Although the decision has been somewhat taken out of our hands, becoming an unquoted company will give us time to put in place the right operational and financial structures while we determine the optimal listing status.

We continue to strengthen our business generation team to pursue a broader range of mandates and our pipeline is already growing. Our core areas of expertise have now expanded to include US markets, e-payments, resources, gaming and healthcare.

Having recently canvassed current and prospective clients on their goals in increasingly uncertain global markets we have successfully launched our DAN-Trade equity product aimed at private clients. We have also entered into a partnership with a leading firm of advisers to High Net Worth Individuals relocating into the UK.

 

 

*-ends-*

Enquiries:

Daniel Stewart Securities Plc

Peter Shea, Chief Executive Officer

Tel: 020 7776 6550

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAXFSFADKEFF
Date   Source Headline
26th Jan 20067:01 amRNSExercise of Options
17th Nov 20057:03 amRNSBoard Appointment
17th Nov 20057:00 amRNSInterim Results
13th Oct 200511:40 amRNSHolding(s) in Company
29th Sep 20057:00 amRNSTrading Update
24th Aug 20057:00 amRNSResult of AGM and Update
28th Jul 200511:01 amRNSNotice of AGM
21st Jul 20051:14 pmRNSHolding(s) in Company
5th Jul 20057:00 amRNSHolding in Company
17th Jun 20057:00 amRNSDirectors' Shareholding
13th Jun 20057:02 amRNSDirector's Options
13th Jun 20057:00 amRNSFinal Results
31st May 200510:59 amRNSNotice of Results
26th Apr 20057:00 amRNSIssue of Equity
18th Mar 200511:13 amRNSHolding in Company
15th Mar 20057:00 amRNSDirectors Options
3rd Mar 20057:00 amRNSTrading Update
24th Feb 20059:40 amRNSHolding in Company
18th Feb 200512:33 pmRNSDirector's Shareholding
4th Feb 20053:30 pmRNSSAR - Music Copyright Sol.
4th Feb 20053:30 pmRNSSAR - Music Copyright Sol.
28th Jan 20057:00 amRNSTrading Update
20th Jan 20057:00 amRNSDirector Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.