Onzima Ventures
PLC
("Onzima" or the "Company")
Suspension of
Trading
On 14 October 2015, following a
general meeting and approval of all resolutions by shareholders,
Onzima became an Investing Company under the AIM Rules for
Companies and adopted a new Investing Policy. Over the last
12 months, the Company has assessed a large number of investments
and invested in 19 companies, as well as evaluated a number of
potential reverse takeover opportunities.
As an Investing Company, the Company is required to implement
its Investing Policy within 12 months or make an acquisition or
acquisitions which constitute a reverse takeover under the AIM
Rules, failing which the Company's ordinary shares would be
suspended from trading on AIM. However, as at today's date,
the Company has not made an acquisition or acquisitions which
constitute a reverse takeover under the AIM Rules or otherwise
implemented its Investing Policy to the satisfaction of the London
Stock Exchange. Accordingly, in accordance with Rule 15 of
the AIM Rules for Companies, the Company’s ordinary shares will be
suspended from trading with effect from 7:30
am today.
In the event that the Company is deemed to have
implemented its Investing Policy, the Company will apply for the
suspension to be lifted. Pending the implementation of its
Investing Policy or completion of a reverse takeover, trading in
the Company’s ordinary shares will remain suspended.
If the Company has not made an acquisition or acquisitions which
constitute a reverse takeover under the AIM Rules or otherwise
implemented its Investing Policy within 6 months of the suspension,
being 17 April 2017, the admission of
the Company's ordinary shares to AIM will be cancelled.
For further information please contact:
Onzima Ventures
PLC
Tel: +44 (0) 1732 366 561
Gavin Burnell, Luke Cairns
Nominated Adviser
Cairn Financial Advisers
LLP
Tel: +44 (0) 20 7213 0170
Sandy Jamieson, Liam Murray
Broker
Peterhouse Corporate Finance
Limited
Tel:
+44 (0) 20 7469 0930
Guy Miller, Lucy Williams