PHM Phimedix Plc

TIDMZBO

RNS Number : 9989T

Zibao Metals Recycling Holdings PLC

18 October 2017

For immediate release

18 October 2017

Zibao Metals Recycling Holdings Plc

("Zibao" or "the Company")

Change of Adviser

Further to the Exchange's announcement of 10 October 2017 and the Company's announcement on 11 October 2017 regarding the pending removal of ZAI Corporate Finance Limited from the register of nominated advisers, the Company has appointed SPARK Advisory Partners Limited as its nominated adviser. Given the particular circumstances, the Exchange has agreed that SPARK Advisory Partners Limited has until 5pm 19 December 2017 to finalise its due diligence and provide all relevant nominated adviser confirmations to the Exchange.

There can be no guarantee that SPARK Advisory Partners Limited will be able to satisfactorily conclude its due diligence by 5pm on 19 December 2017 or provide the relevant declaration to the Exchange. Accordingly, in such circumstances there is a risk that the Company's AIM securities will be suspended on or before 5pm on 19 December 2017 pursuant to AIM Rule 1. If within one month of that suspension, the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.

Notwithstanding the extension of time provided in respect of due diligence obligations at engagement, SPARK Advisory Partners Limited will continue to be subject to all the ongoing nominated adviser responsibilities under the AIM Rules for Nominated Advisers.

End

For further information please contact:

 
 Zibao Metals Recycling Holdings Plc 
  Wenjie "Joe" Zhou, Chairman www.zibaometals.com 
  Jianfeng "Eddy" Li, Chief Executive Officer 
  Chor Wei "Alan" Ong, Finance Director                    +852 2769 7662 
 SPARK Advisory Partners Limited (Nominated 
  Adviser) 
  Mark Brady 
  Neil Baldwin 
  www.sparkadvisorypartners.com                      +44 (0) 203 368 3551 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 18, 2017 11:39 ET (15:39 GMT)

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