AIM Nomad Register Change - ZAI Corporate Finance Ltd (2473T)
October 10 2017 - 1:15PM
UK Regulatory
TIDMARGP TIDMCRND TIDMCLP TIDMEQT
RNS Number : 2473T
AIM
10 October 2017
REMOVAL OF NOMAD STATUS BY THE EXCHANGE
This announcement is made pursuant to Rule 32 of the AIM Rules
for Nominated Advisers ("Nomad Rules").
Pursuant to Nomad Rule 11, the Exchange has determined to remove
the nominated adviser status of ZAI Corporate Finance Limited
("ZAI") for failure to meet, on a continuing basis, nominated
adviser eligibility criteria as set out in Nomad Rule 2.
ZAI will be removed from the register of nominated advisers at
7am 19 October 2017 so as to provide additional time for those AIM
companies for whom ZAI currently provides nominated adviser
services, to appoint a new nominated adviser. Accordingly, the
affected AIM companies must appoint a new nominated adviser by this
date.
Pursuant to Rule 1 of the AIM Rules for Companies ("AIM Rules"),
if no new nominated adviser is appointed by 7am 19 October 2017,
trading of the relevant company's AIM securities will be suspended
on that date until appointment of a new nominated adviser. If a new
nominated adviser is not appointed within one month of suspension
(by 20 November 2017), trading in the company's AIM securities will
be cancelled pursuant to AIM Rule 1.
AIM Regulation will liaise with the relevant AIM companies in
respect of their plans and in respect of those companies, will
provide to any nominated adviser engaged by 19 October 2017 an
expedited process allowing extra time to undertake full due
diligence.
Any queries should be referred to AIM Regulation at:
aimregulation@londonstockexchange.com
The Nomad Rules can be found at the following link.
The AIM Rules can be found at the following link.
AIM Regulation
This information is provided by RNS
The company news service from the London Stock Exchange
END
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