Information  X 
Enter a valid email address

CSF Group PLC (CSFG)

  Print      Mail a friend

Monday 12 November, 2018

CSF Group PLC

Resignation of nominated adviser

RNS Number : 0282H
CSF Group PLC
12 November 2018
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR")

 

12 November 2018

CSF Group plc

("CSF", the "Company" or the "Group")

Resignation of nominated adviser

 

CSF announces that, following its extraordinary general meeting held on 24 September 2018 and the resignation of Mr Phil Cartmell as the Company's Chairman and as a director with effect from the close of business on 31 December 2018, its nominated adviser, Allenby Capital Limited ("Allenby Capital"), gave the Company three months' notice of its resignation, pursuant to the nominated adviser agreement between the Company and Allenby Capital. As a consequence, Allenby Capital will cease to act as the Company's nominated adviser at the close of business on 31 December 2018.

The Company has recently met with a number of potential replacement nominated advisers, but was turned down by them due to various reasons.  As a result, the board of CSF now believes that it may not be possible for the Company to appoint a replacement nominated adviser before 31 December 2018.

Should the Company fail to appoint a replacement nominated adviser before the close of business on 31 December 2018, the Company's shares will be suspended from trading on AIM there afterwards.  If, following such suspension, the Company fails to appoint a replacement nominated adviser within one month of the date that its shares are suspended from trading on AIM, the admission of the Company's shares to trading on AIM will be cancelled.

Further announcements will be made as appropriate.

 

For further information:

CSF Group

Phil Cartmell, Chairman                                                                   +603 8318 1313

Allenby Capital (Nominated Adviser and Broker)

Nick Naylor / Alex Brearley                                                       +44 (0) 20 3328 5656


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
APPVLLBFVFFXFBB

a d v e r t i s e m e n t