GCM Resources PLC Status of Nominated Adviser (2904T)
11 October 2017 - 6:06PM
UK Regulatory
TIDMGCM
RNS Number : 2904T
GCM Resources PLC
11 October 2017
11 October 2017
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)
Status of Nominated Adviser
Further to the announcement released by the London Stock
Exchange on 10 October 2017, GCM Resources plc ("GCM" or the
"Company"), confirms 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 GCM Resources plc would like to
reassure its shareholders that a new nominated adviser is being
actively sought.
For further information:
GCM Resources plc
James Hobson
Finance Director
+44 (0) 20 7290 1630
ZAI Corporate Finance
Ltd
Nominated Adviser and
Broker
John Treacy, Tim Cofman
+44 (0) 20 7060 2220
GCM Resources plc
Tel: +44 (0) 20 7290 1630
info@gcmplc.com; www.gcmplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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