i(x) Net Zero PLC Secondary Trading Following Cancellation
31 July 2024 - 6:59PM
RNS Regulatory News
RNS Number : 5726Y
i(x) Net Zero PLC
31 July 2024
31 July 2024
i(x) Net Zero
PLC
("i(x) Net Zero" or
the "Company")
Secondary Trading on Asset
Match Following Cancellation
i(x) Net Zero announces
details of the secondary market trading facility that will be in
place following the cancellation of trading on AIM of its Ordinary
shares ("Cancellation"), following approval by shareholders at the
General Meeting held on 19th July 2024. The
Cancellation will take effect from 7.00 a.m. on 1st
August 2024.
The Company has now appointed Asset Match
(www.assetmatch.com) to
facilitate trading in the Ordinary Shares following Cancellation.
Asset Match, a firm authorised and regulated by the Financial
Conduct Authority (FRN 579310), will operate an electronic
off-market dealing facility for the Ordinary Shares. This facility
will allow existing holders of Ordinary Shares in the Company
("Shareholders") and new investors to trade Ordinary Shares by
matching buyers and sellers through periodic auctions.
Investors are encouraged to register on
www.assetmatch.com and add
i(x) Net Zero to their 'Watchlist' to continue to receive Company
updates and auction/price information.
The Secondary Market Trading Facility is
expected (but is not certain) to operate for a minimum of 12 months
after the Cancellation. The Directors' current intention is that it
will continue beyond that time, but Shareholders should note that
it could be withdrawn and therefore inhibit the ability to trade
the Ordinary Shares.
The Asset Match trading facility operates under
its own code of practice which governs the behaviour of
participants and the running of the periodic auctions. Asset Match
operates an open auction system where volumes of bids and offers at
different prices are displayed on its website together with the
closing date of the auction. At the end of each auction period,
Asset Match passes this information through a non-discretionary
algorithm that determines a "market-derived" share price based on
supply and demand and allocates transactions accordingly. Bids and
offers may be made and withdrawn at any time before the closing
date of each auction.
Shareholders will continue to be able to hold
their shares in uncertificated form (i.e. in CREST) and should
check with their existing stockbroker whether they are willing or
able to trade in unquoted shares. Shareholders wishing to trade
shares through Asset Match must do so through a stockbroker. A
comprehensive list of stockbrokers who have signed up to access the
Asset Match platform is available on request..
Full details will be made available to
Shareholders on the Company's website at
https://ixnetzero.com/
and directly by letter or e-mail (where appropriate).
Shareholders may contact Asset Match in relation to any queries
regarding trading via the secondary market trading facility by
emailing dealing@assetmatch.com.
i(x) Net
Zero
|
Via Buchanan below
|
Pär Lindström - Chief Executive
Officer
|
|
Jonathan Stearns - Chief Financial
Officer
|
|
|
|
Canaccord
Genuity Limited
Nominated Adviser &
Broker
|
+44 20 7523 8000
|
Max Hartley
|
|
Harry Pardoe
|
|
|
|
Burson
Buchanan
|
|
Helen Tarbet
|
+44 7872 604 453
|
Simon Compton
|
+44 7979 497 324
|
Abby Gilchrist
|
+44 7557 952 223
|
Asset Match
Limited
|
+44 20 7248 2788
|
Ben Weaver
|
|
Hannah Woodley
|
|
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