Emmit PLC Loss of Nomad
12 Dezember 2014 - 8:00AM
UK Regulatory
TIDMEMT
12 December2014
Emmit Plc
("Emmit" or the "Company")
Loss of Nomad
The Board of Emmit notes the announcement on 28th November 2014 by Daniel
Stewart Securities plc that Daniel Stewart & Co plc will cease to be a
Nominated Adviser from the close of business on Friday 12th December 2014. The
Company is currently in discussions to appoint a new Nominated Adviser however
it is unlikely that the Company will be able to confirm an appointment of a new
Nominated Adviser before this time.
AIM Rule 1 requires that trading in an AIM company shares on AIM will be
suspended at the point of ceasing to have a nominated adviser. Since the
Company's shares are already suspended pursuant to AIM Rule 14 following the
announcement by the Company on 7 November 2014, there will be no change to the
status of trading in the Company's shares on AIM. However, in the event of the
Company failing to appoint a replacement Nominated Adviser within approximately
1 month of 15th December 2014, admission of the Company's shares to trading on
AIM will be cancelled.
The Board would like to point out that should discussions with the shareholders
of XES and XOG result in a reverse takeover, the enlarged entity would have to
apply for Admission of the new enlarged entity in any event.
For further information please contact:
Emmit plc Dean Cook 01473 604504
Managing Director
Daniel Stewart & Company Plc 020 7776 6550
Nominated Adviser
Alexander David Securities Ltd David Scott 020 7448 9820
Broker
www.emmitplc.com
END
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