SerVision plc Proposed Appointment of Liquidator (9657S)
28 Juni 2018 - 6:00PM
UK Regulatory
TIDMSEV
RNS Number : 9657S
SerVision plc
28 June 2018
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
28 June 2018
SerVision plc
("SerVision" or the "Company")
Proposed appointment of Liquidator
Resignation of Nominated Adviser
Further to recent announcements the Company regrets to announce
that earlier today discussions with potential funding parties to
restructure the Company were terminated. As such the Company has
unfortunately been unable to secure the necessary funding to
restructure the Company to clear the Company's debts and provide it
with sufficient capital as an AIM Rule 15 Cash Shell. The Company
has therefore been left with no alternative but to cease trading
immediately and be placed into the appropriate insolvency
process.
As such the Board has today resolved to place the Company into
Creditors' Voluntary Liquidation and has appointed Leonard Curtis
to assist with this process. Formal notices will be issued by
Leonard Curtis in due course.
Furthermore, with mutual agreement of the Board, Allenby Capital
Limited has resigned as Nominated Adviser and Broker to the Company
with immediate effect. Pursuant to AIM Rule 1, if a replacement
Nominated Adviser is not appointed within one month, the admission
of the Company's securities will be cancelled on AIM. The Company
has no current intention of appointing a replacement Nominated
Adviser.
The Company's ordinary shares remain suspended from trading on
AIM.
Any enquiries regarding the Company should be directed to
Charlotte John of Leonard Curtis on 0207 535 7000.
-ends-
For further information:
SerVision plc
Eitan Yanuv (Finance Director) Tel: 0207 535 7000
Antony Legge (Non-Executive Director)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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June 28, 2018 12:00 ET (16:00 GMT)
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