Central Rand Gold Limited Replacement Nominated Adviser (3372T)
October 11 2017 - 8:00AM
UK Regulatory
TIDMCRND
RNS Number : 3372T
Central Rand Gold Limited
11 October 2017
Central Rand Gold Limited
(Incorporated as a company with limited liability
under the laws of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited
liability under the laws of South Africa,
Registration number 2007/0192231/10)
ISIN: GG00B92NXM24
LSE share code: CRND JSE share code: CRD
("Central Rand Gold" or the "Company" or the
"Group")
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Replacement of Nominated Adviser
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The Company today announces to shareholders that it has been
informed that the London Stock Exchange has determined to remove
ZAI Corporate Finance Limited's nominated adviser status pursuant
to Rule 11 of the AIM Rules for Nominated Advisers ("Nomad Rules")
on the basis that it no longer meets the criteria in Nomad Rule 2 -
bullet points 3 and 4, being that a nominated adviser must:
-- have acted on at least three "Relevant Transactions" during that two-year period; and
-- employ at least four "Qualified Executives" and in this
regard the London Stock Exchange will take in to account the
overall experience of the Qualified Executives on an individual
basis and as a team.
The removal will take effect at 7.00 am on 19 October 2017.
Under normal circumstances, if the Company had not by then
appointed a replacement nominated adviser within one month of
suspension (by 20 November 2017), admission of the Company's shares
to trading on AIM would be cancelled. However, the admission of the
Company's shares to trading on AIM would fall to be cancelled at
7.00 am on 13 November 2017, unless the current suspension from
trading is lifted. The Company is working with advisers to achieve
the lifting of that suspension before the cancellation occurs.
The Company's board is currently in discussions with a proposed
replacement nominated adviser which is currently undertaking due
diligence into the Company.
For further information, please contact:
Central Rand Gold +27(0) 87 310 4400
ZAI Corporate Finance Ltd - Nominated Adviser +44 (0) 20 7060 2220
John Treacy
Peterhouse Corporate Finance Limited - Broker +44 (0) 20 7469
0930
Lucy Williams / Fungai Ndoro
Merchantec Capital +27 (0) 11 325 6363
Monique Martinez / Marcel Goncalves
Johannesburg
11 October 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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