TXO PLC Update re Resignation of Nominated Adviser (5241F)
February 23 2015 - 2:31AM
UK Regulatory
TIDMTXO
RNS Number : 5241F
TXO PLC
23 February 2015
TXO PLC
("TXO" or the "Company")
Update re Resignation of Nominated Adviser
The Board of the Company announces that, following suspension of
the Company on AIM pursuant to AIM Rule 1, it remains in
discussions with potential replacement advisers and that the Board
is also considering a financial reconstruction of the Company.
Following recent events the Board has decided to defer the issue
to all shareholders of a free warrant pro-rata to their existing
shareholdings on a 1:2 basis, at 0.1 pence.
Further announcements will be made in due course.
23 February 2015
For further information, please contact:
TXO PLC
Tim Baldwin, Chairman +44 (0) 207 518 4300
Lothbury Financial Services Limited
Michael Padley / Chris Roberts +44 (0) 203 440 7620
This information is provided by RNS
The company news service from the London Stock Exchange
END
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