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Legendary Invest PLC (LEG)

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Friday 02 March, 2018

Legendary Invest PLC

Process to appoint replacement broker

RNS Number : 5536G
Legendary Investments PLC
02 March 2018
 

2 March 2018

Legendary Investments PLC
("Legendary" or the "Company")

Process to appoint replacement broker

Legendary 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 broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules").  As a result of 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.

As such, the Company is currently taking steps to appoint a replacement broker as soon as possible and will update the market accordingly.

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Legendary Investments PLC

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson / Harrison Clarke

 

020 7383 5100

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.  

About Legendary Investments PLC:

Legendary Investments PLC is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.


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