Cientifica PLC Cessation of trading on AIM (1994L)
24 April 2015 - 4:00PM
UK Regulatory
TIDMCTFA
RNS Number : 1994L
Cientifica PLC
24 April 2015
Cientifica PLC
("Cientifica" or the "Company")
Cessation of the listing of the Company's ordinary shares on
AIM
Cientifica, the AIM quoted investing company focusing on
investment in businesses making use of advanced materials, graphene
and emerging technologies, provides the following update to its
statement re the share trading suspension announced on 17 April
2015.
Cessation of the listing of the Company's ordinary shares on AIM
will become effective from 7am on 27 April 2015.
The Directors have met with its key advisers and principal
shareholders to consider the Company's position and intend to
discuss this with its creditors shortly.
With the support of its principal shareholders, the Directors
intend to proceed with the Company's planned new investment
projects once additional funding is secured. In the meantime, the
Board intends to set up an off market trading facility to be
available following the cessation of trading on AIM, which will be
administered by JP Jenkins Limited ("Jenkins") who will, where
possible, match trades in the Company's ordinary shares between
willing buyers and willing sellers, acting as a central point for
negotiation between UK stockbrokers. The Board intends to seek to
have the Company's ordinary shares listed on a public market in due
course, depending on the execution of the Company's strategy going
forward and market conditions.
A further announcement will be made following Jenkins'
appointment.
For further information, please contact:
Cientifica PLC
Tim Godwin, Executive Chairman +44 (0) 7785 360795
Allenby Capital (Nominated Adviser)
Nick Naylor/James Reeve +44 (0) 203 328 5656
Peterhouse Corporate Finance (Broker)
Lucy Williams/Duncan Vasey +44 (0) 207 469 0930
This information is provided by RNS
The company news service from the London Stock Exchange
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