Resignation of Nominated Adviser (2878F)
April 20 2011 - 9:43AM
UK Regulatory
TIDMBGTI
RNS Number : 2878F
BgenuineTec Inc.
20 April 2011
FOR IMMEDIATE RELEASE
20 April 2011
BgenuineTec Inc
("BgenuineTec" or the "Company")
Resignation of Nominated Adviser
BgenuineTec announced 11 January 2011 that because the Company
was unable to proceed with a proposed fundraising, due to action
brought against the Company through the Japanese courts by certain
shareholders. As a consequence, the board requested that trading in
the Company's shares be suspended pending further clarification of
the Company's financial position. The Company's financial position
remains uncertain.
The Board announces that Charles Stanley Securities, the
Company's nominated adviser for the purposes of the AIM Rules for
Companies ("AIM Rules"), has tendered its resignation as the
Company's Nominated Adviser and Broker, with immediate effect.
If BgenuineTec has failed to appoint a replacement Nominated
Adviser by 23 May 2011, the admission of the Company's shares to
trading on AIM will be cancelled in accordance with Rule 1 of the
AIM Rules.
For further information, please contact:
BgenuineTec Inc +81-3-5652-0321
Taketoshi Kashiwabara
(Chairman)
Hiroaki Kunieda
(Chief Executive)
Charles Stanley Securities +44 (0)20 7149 6000
Nominated Adviser
Russell Cook / Dugald Carlean
This information is provided by RNS
The company news service from the London Stock Exchange
END
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