Last checked at 5 Dec 2018 07:00
5 December 2018
Starcom Plc
("Starcom" or the "Company")
Nominated Adviser Status
The directors of Starcom are aware of the proposed merger of its current nominated adviser ("Nomad"), Northland Capital Partners Limited ("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 on 1 February 2019.
In accordance with AIM Rule 1, if the Company fails to appoint a replacement Nomad by 1 February 2019, trading in the Company's AIM Securities will be suspended. If the Company fails to appoint a replacement Nomad by 4 March 2019, the admission of its AIM Securities will be cancelled.
The directors are pleased to report that they have identified a replacement Nomad and that the due diligence process, which is required to be undertaken on the Company, is in progress. The directors are confident that the Company will be in a position to announce the appointment of the replacement Nomad in advance of 1 February 2019.
A further announcement will be made in due course.
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This announcement contains inside information.
For further information, please contact:
Starcom Plc
Michael Rosenberg, Chairman 07785 727 595
Avi Hartmann, CEO +972 5447 35663
Northland Capital Partners Limited (Nominated Adviser and Broker) 020 3861 6625
Matthew Johnson / Edward Hutton (Corporate Finance)
Rob Rees (Sales and Broking)
Peterhouse Capital Limited (Joint Broker) 020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Leander PR (Financial PR) 07795 168 157
Christian Taylor-Wilkinson