Last checked at 9 Jan 2019 18:00
9 January 2019
Petrel Resources plc
("Petrel" or the "Company")
Nominated Adviser Status
Petrel (AIM: PET) announces that the Directors are aware of the proposed merger of its current nominated adviser ("Nomad"), Northland Capital Partners ("Northland") with SP Angel Corporate Finance LLP. The Directors have also been informed that Northland has voluntarily agreed to relinquish its NOMAD status and will be removed from the register of Nomads with effect from 7am (GMT) on 1 February 2019.
In accordance with AIM Rule 1, the Company is required to appoint a new Nomad by 1 February 2019, if not, the Exchange will suspend trading in the Company's AIM Securities. If the Company does not appoint a replacement Nomad by 4 March 2019, the admission of its AIM Securities will be cancelled.
The Company has commenced the process to appoint a new Nomad and will make a further announcement in due course.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
ENDS
For further information please visit http://www.petrelresources.com/ or contact:
Enquiries:
Petrel Resources |
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John Teeling, Chairman | +353 (0) 1 833 2833 |
David Horgan, Director |
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Nominated Adviser and Broker |
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Northland Capital Partners Limited |
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David Hignell / Edward Hutton (Corporate Finance) | +44 (0) 20 3861 6625 |
Rob Rees
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Public Relations |
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Blytheweigh | +44 (0) 207 138 3206 |
Simon Woods | +44 (0) 746 643 9633 |
Camilla Horsfall | +44 (0) 787 184 1793 |
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Teneo PSG |
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Luke Hogg | +353 (0) 1 661 4055 |
Alan Tyrrell | +353 (0) 1 661 4055 |