Xcite Energy Limited Statement re Resignation of Nominated Adviser (6783N)
October 28 2016 - 2:00AM
UK Regulatory
TIDMXEL
RNS Number : 6783N
Xcite Energy Limited
28 October 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
LSE-AIM: XEL
28 October 2016
Xcite Energy Limited
("Xcite Energy" or the "Company")
Resignation of Nominated Adviser
Following the announcement of the suspension of trading on AIM
of the Company's ordinary shares, Liberum Capital Limited has
agreed with the Company that it will resign as Nominated Adviser
and Broker to the Company with immediate effect. In view of the
proposed liquidation of the Company, the Company does not intend to
appoint a replacement Nominated Adviser. Therefore under the AIM
Rules, the cancellation of admission of the Company's ordinary
shares to trading on AIM is expected to take place one month from
today.
ENQUIRIES:
+44 (0) 1483
Xcite Energy Limited 549 063
Rupert Cole / Andrew
Fairclough
Forward-Looking Statements
This announcement contains certain forward-looking statements
that are subject to the usual risk factors and uncertainties
associated with the oil and gas exploration and production
business. Whilst the Company believes the expectations reflected
herein to be reasonable in light of the information available to it
at this time, the actual outcome may be materially different owing
to factors beyond the Company's control, or otherwise within the
Company's control, for example, if the Company decides on a change
of plan or strategy. Accordingly, no reliance may be placed on the
figures contained in such forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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