Statement re Cancellation of Admission to AIM (7369U)
October 21 2010 - 2:01AM
UK Regulatory
TIDMCEVO
RNS Number : 7369U
China Evoline PLC
21 October 2010
China Evoline PLC
("China Evoline" or "the Company")
21 October 2010
Cancellation of Admission to Trading on AIM
As detailed in the Company's interim results announced on 15
February 2010, under the AIM Rules for Companies (the "AIM Rules")
the Company was required to make a substantial acquisition (which
would be regarded as a reverse takeover) by 21 April 2010, being
twelve months from the date of the 2009 AGM, or trading in the
Company's Ordinary Shares would be suspended. If no transaction was
achieved by the Company within a further six months, being by 21
October 2010, the London Stock Exchange will cancel admission of
the Company's Ordinary Shares on AIM.
Whilst the Directors pursued and evaluated a number of potential
investment opportunities, none have been suitable to be put to
shareholders for approval. Therefore, pursuant to the AIM Rules,
admission of the Company's Ordinary Shares to trading on AIM will
be cancelled with effect from 7.00am on Friday 22 October 2010.
Following the cancellation of admission to trading on AIM, it is
the Directors' intention to seek a Voluntary Winding Up of the
Company as soon as possible. However, it is anticipated that any
funds remaining for distribution to shareholders on completion of
the Winding Up will be negligible.
Contact details:
China Evoline plc
Frank Lewis, Chairman
+44 (0)7775 504 313
Fairfax I.S. PLC
Nominated Adviser and Broker
Ewan Leggat/Laura Littley
+44 (0)207 598 5368
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRKKKDPPBDDPKB
China Evoline (LSE:CEVO)
Historical Stock Chart
From Jun 2024 to Jul 2024
China Evoline (LSE:CEVO)
Historical Stock Chart
From Jul 2023 to Jul 2024