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Thursday 16 July, 2015

Stock Exch Notice

N15/15 - NEW - Restoration of Trading

RNS Number : 2850T
London Stock Exchange Notice
16 July 2015
 

Market Notice

 

16 July  2015

 

N15/15

 

New World Oil and Gas Plc - Restoration of trading

 

Introduction

 

1.        Stock Exchange Notice N11/15 issued on 11 June 2015, informed market participants of the ongoing suspension of trading in New World Oil and Gas Plc (TIDM: NEW, ISIN: JE00B65FK239) under Rule 1510 of the Rules of the London Stock Exchange ("the Exchange") due to the continued deterioration in settlement performance and the likelihood of any further transactions settling being low.

 

Settlement situation

 

2.        Whilst trading in New World Oil and Gas Plc has been suspended, the Exchange has continued to monitor the settlement situation.  The settlement situation has now improved, with settlement of outstanding trades occurring

 

Restoration of trading

 

3.        As a result of the above, the Exchange will restore New World Oil and Gas Plc to trading with effect from start of business on 17 July 2015. The Exchange will continue to closely monitor the settlement situation in New World Oil and Gas following its restoration to trading.

 

 

Denzil Jenkins

Head of UK Compliance & Group Regulatory Policy

 

This Stock Exchange Notice will be available on the website at www.londonstockexchange.com/en-gb/products/membershiptrading/rulesreg/stockexnoticesnew/

 

Calls to London Stock Exchange plc may be recorded to enable London Stock Exchange to carry out its regulatory responsibilities


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