Enhanced Systems Technologies Ltd Cancellation of Admission to Trading on AIM (9755J)
June 18 2014 - 12:02PM
UK Regulatory
TIDMESTL
RNS Number : 9755J
Enhanced Systems Technologies Ltd
18 June 2014
Enhanced Systems Technologies Limited (Subject to Deed of
Company Arrangement)
("ESTL," or "the Company")
Cancellation of Admission to Trading on AIM
Enhanced Systems Technologies Limited (Subject to Deed of
Company Arrangement) (previously Wasabi Energy Limited), advises
that pursuant to AIM Rule 41, the Company's shares will be
cancelled from trading on AIM at 7:00 a.m. on 24 June 2014 due to
having been suspended from trading for six months.
In regard to the Company's ASX listing, the Company will provide
a submission to the ASX with regard to the recapitalisation of the
Company, a key component of which is the proposed Rights Issue
previously announced. It is anticipated that the ASX will approve
the re-instatement to official quotation of the Company's
securities, subject to certain conditions with regard to the
listing rule requirements for minimum cash amounts, shareholder
spread and the lodgement of certain documents such as the 20
largest shareholders at the conclusion of the Rights Issue. The
directors believe that they will meet all of the required
conditions at the conclusion of the Rights Issue and anticipate the
securities of the Company will be re-instated approximately 10
business days after these conditions have been met to trading on
the ASX.
The Company will maintain its Depository Interest register with
Computershare. While there will be no market in the UK, Depositary
Interest holders will be able to settle private trades via
CREST.
If a Depositary Interest holder wishes to trade on the ASX they
should contact Computershare to transfer their holding to the
Australian register.
For further information, please contact:
Enhanced Systems Technologies Limited
John Byrne, Executive Chairman +61 (0)3 9236 2800
Cenkos Securities - UK Financial Advisor,
Broker & NOMAD
Beth McKiernan/Neil McDonald +44 (0)131 220 6939
This information is provided by RNS
The company news service from the London Stock Exchange
END
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