Mobile Streams plc Nomad Resignation Update (9377Q)
24 Octubre 2019 - 1:00AM
UK Regulatory
TIDMMOS
RNS Number : 9377Q
Mobile Streams plc
24 October 2019
Mobile Streams plc
("Mobile Streams" or the "Company")
Nomad Resignation Update
Mobile Streams plc (AIM: MOS) provides its shareholders with an
update on its current status.
As announced on 27th September 2019, pursuant to Rule 1 of the
AIM Rules for Companies, if no replacement nominated adviser for
Nplus1 Singer Advisory LLP ("N+1 Singer") is appointed before the
close of business on 28th October 2019, the ordinary shares in the
Company will be suspended from trading on AIM at 7.30 a.m. on
Tuesday 29th October 2019.
If, following such suspension, the Company fails to appoint a
replacement nominated adviser within one month of the date that its
shares are suspended from trading on AIM, the admission of the
Company's shares to trading on AIM will be cancelled at 7.00 a.m.
on Friday, 29th November 2019.
The Company is in discussions to appoint a new nominated
advisor, subject to due diligence, prior to the cancellation of the
Company's shares on Friday 29(th) November 2019 and is also in
discussions to appoint a new broker to the Company. However, the
Company does not expect that a new nominated advisor will be
appointed before the trading suspension on 28th October 2019.
The appointment of a new nominated advisor and a new broker may
or may not be successful.
Simon Buckingham, CEO of Mobile Streams commented: "Our
shareholders expressed their wish for us to remain an AIM listed
company and we have been working diligently to appoint new advisors
to achieve this. We will continue to extend every effort to
complete these appointments before 29th November 2019."
Further announcements will be made as appropriate.
For further information, please contact:
Mobile Streams plc +1 347 669 9068
Simon Buckingham, Chief Executive
Officer
Enrique Benasso, Chief Financial
Officer
N+1 Singer (Nominated Adviser and
Broker) +44 (0) 20 7496 3000
Mark Taylor / George Tzimas
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END
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