Amedeo Resources PLC

Statement re Beaufort Securities Limited

RNS Number : 5532G
Amedeo Resources PLC
02 March 2018

Amedeo Resources PLC

("Amedeo" or the "Company")

Statement re Beaufort Securities Limited


The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into administration and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity. As a result, the London Stock Exchange has suspended BSL's membership of the London Stock Exchange pending clarification of the firm's position.

BSL is a joint broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules").  As a result of the suspension of its membership to the London Stock Exchange, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

WH Ireland Limited, the Company's NOMAD and other joint broker, will continue to provide broking services to the Company.




Glen Lau                                                 Zafar Karim

Chief Executive Officer                         Executive Director

Amedeo Resources PLC                        Amedeo Resources PLC

Tel office: +44 20 7583 8304                 Tel office: +44 20 7583 8304


Chris Fielding               

Nominated Adviser & Broker    

WH Ireland                    

Tel office: +44 207 220 1666  


This information is provided by RNS
The company news service from the London Stock Exchange