TIDMNBR

RNS Number : 7437B

Namibian Resources PLC

20 June 2016

Namibian Resources plc ('Namibian' or 'the Company')

Cancellation of listing on AIM

Further to the announcements made on 21 December 2015 and 30 March 2016 (the "Announcements"), Namibian confirms that, although it has made considerable progress on the proposed acquisition of Petro Kouilou S.A. (the "Acquisition"), it is not yet in a position to publish an AIM admission document in this respect and the ordinary shares in the Company will therefore be cancelled from trading on the AIM Market at 7.00 a.m. on 22 June 2016, being six months from when trading in the Company's shares was suspended.

The Company will continue to work towards concluding the Acquisition and will write to shareholders with further information in due course. Shareholders are reminded that, at this time, there is no certainty that the Acquisition will proceed.

Contacts

 
 Namibian Resources plc 
 Brian Moritz, Director        Tel: +44 7976 994300 
 Alex MacDonald, Director      Tel: + 44 7831 642064 
 Cenkos Securities plc 
 Nick Tulloch/Beth McKiernan   Tel: +44 131 220 9772/9778

This information is provided by RNS

The company news service from the London Stock Exchange

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June 20, 2016 11:49 ET (15:49 GMT)

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