Naibu Global International Co PLC Resignation of Nominated Adviser (9903N)
22 Mai 2015 - 8:00AM
UK Regulatory
TIDMNBU
RNS Number : 9903N
Naibu Global International Co PLC
22 May 2015
Press Release 22 May 2015
Naibu Global International Company Plc
("Naibu", the "Company" or the "Group")
Resignation of Nominated Adviser
Further to the announcement made on 29 April 2015, the
non-executive Directors of Naibu have now initiated steps with
their Chinese legal advisers to regain control of the Group's
Chinese operating subsidiary and its associated bank accounts.
However, the non-executive Directors do not believe that the
Company will be in a position to request lifting of its suspension
within the six months' period prescribed by AIM Rule 41, which ends
on 10 July 2015. In the circumstances, ZAI Corporate Finance
Limited has resigned as Nominated Adviser to the Company. The
Directors do not believe that it will be possible to appoint
another nominated adviser and so, in accordance with AIM Rule 1,
anticipate that its quotation will be cancelled on 22 June
2015.
Following cancellation of the AIM quotation, the non-executive
Directors will release updates on progress via the RNS reach
service. They will consider instituting a private dealing facility
for the shares in due course if it is appropriate, although there
can be no certainty that this will be put in place.
- Ends -
Naibu Global International
Company Plc
Giles Elliott, Non-Executive Tel: +44 (0)
Deputy Chairman 20 7776 6550
ZAI Corporate Finance Limited Tel: +44 (0)
20 7060 2220
Daniel Stewart & Company Tel: +44 (0)
20 7776 6550
This information is provided by RNS
The company news service from the London Stock Exchange
END
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