NBU Naibu Global

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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