TIDMPET

RNS Number : 6755M

Petrel Resources PLC

09 January 2019

9 January 2019

Petrel Resources plc

("Petrel" or the "Company")

Nominated Adviser Status

Petrel (AIM: PET) announces that the Directors are aware of the proposed merger of its current nominated adviser ("Nomad"), Northland Capital Partners ("Northland") with SP Angel Corporate Finance LLP. The Directors have also been informed that Northland has voluntarily agreed to relinquish its NOMAD status and will be removed from the register of Nomads with effect from 7am (GMT) on 1 February 2019.

In accordance with AIM Rule 1, the Company is required to appoint a new Nomad by 1 February 2019, if not, the Exchange will suspend trading in the Company's AIM Securities. If the Company does not appoint a replacement Nomad by 4 March 2019, the admission of its AIM Securities will be cancelled.

The Company has commenced the process to appoint a new Nomad and will make a further announcement in due course.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

ENDS

For further information please visit http://www.petrelresources.com/ or contact:

Enquiries:

 
            Petrel Resources 
 John Teeling, Chairman                      +353 (0) 1 833 2833 
 David Horgan, Director 
 
 Nominated Adviser and Broker 
 Northland Capital Partners Limited 
 David Hignell / Edward Hutton (Corporate 
  Finance)                                   +44 (0) 20 3861 6625 
 Rob Rees 
 
 Public Relations 
 Blytheweigh                                 +44 (0) 207 138 3206 
 Simon Woods                                 +44 (0) 746 643 9633 
 Camilla Horsfall                            +44 (0) 787 184 1793 
 
 
   Teneo PSG 
 Luke Hogg                                   +353 (0) 1 661 4055 
 Alan Tyrrell                                +353 (0) 1 661 4055

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END

APPBRGDBRGGBGCC

(END) Dow Jones Newswires

January 09, 2019 13:00 ET (18:00 GMT)

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