Mercer Resources PLC Cancellation from Trading on AIM (6532D)
January 30 2015 - 9:47AM
UK Regulatory
TIDMMCR
RNS Number : 6532D
Mercer Resources PLC
30 January 2015
Mercer Resources plc (AIM: MCR)
("Mercer" or "the Company")
Cancellation from Trading on AIM
On 31 July 2014, the Company's shares were suspended from
trading on AIM as a result of the Company not having completed a
reverse takeover or substantially implemented the investing policy
approved by shareholders within twelve months of becoming an
investing company.
Mercer has continued to review and conduct detailed due
diligence on several investment opportunities, however it has not
been possible to progress matters to completion of a reverse
takeover, or otherwise substantially to implement its investing
policy. Accordingly, under AIM Rule 41 the Company's admission to
AIM will be cancelled at 7 a.m. on 2 February 2015, having been
suspended for six months.
Following the cancellation from trading on AIM, Mercer's
ordinary shares will be transferrable by way of stock transfer
forms but there will be no price setting or dealing facility
available to shareholders.
Mercer will continue to evaluate acquisition opportunities in
accordance with its investing strategy and the directors will keep
shareholders informed of developments by way of notices on the
Company's website, www.mercerresources.com, and via direct
communication where appropriate.
Further Enquiries:
Mercer Resources plc
Trevor Wells +44 20 3301 9331
FinnCap Ltd (Nomad)
Matthew Robinson / Grant Bergman +44 207 220 0500
Peterhouse Corporate Finance (Broker)
Lucy Williams +44 20 7469 0936
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPKKDQQBKDADN
Mercer Resources (LSE:MCR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mercer Resources (LSE:MCR)
Historical Stock Chart
From Jul 2023 to Jul 2024