11 Oct 2017 08:22
11 October 2017
Polo Resources Limited
("Polo" or the "Company")
STATUS OF NOMINATED ADVISER
On 10 October 2017 the Company was notified that the London Stock Exchange has decided to remove the nominated adviser status of the Company's nominated adviser, ZAI Corporate Finance Limited on 19 October 2017 for failure to meet the Exchange's continuing eligibility obligations for nomads contained at Rule 2 of the AIM Rules for Nominated Advisers.
Under Rule 1 of the AIM Rules, the Company is required to have a nominated adviser at all times and accordingly a replacement nominated adviser must be found by 19 October 2017 to avoid temporary suspension. It is the Company's duty to inform that in the event that a nominated adviser is not found by 20 November 2017 admission of the Company's shares to trading on AIM would be cancelled.
The Board of Directors of the Company would like to reassure its shareholders that a new nominated adviser will be actively sought and an announcement will be made in due course to keep shareholders apprised.
For further information, please contact:
Polo Resources Limited Kudzayi Denenga, Investor Relations | ++27 (0) 787 312 919 |
ZAI Corporate Finance Ltd (nominated adviser) Ray Zimmerman, John Treacy
| ++44 (0) 20 7060 2220 |
Liberum Capital (broker) Henry Freeman | ++44 (0) 20 3100 2000
|
Blytheweigh (public relations) Tim Blythe, Nick Elwes, Camilla Horsfall | ++44 (0) 207 138 3204 |
About the Company
Polo Resources Limited is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For further details on Polo, please refer to: www.poloresources.com.