Zibao Metals Recycling Holdings PLC Removal of Nomad Status (2852T)
October 11 2017 - 2:00AM
UK Regulatory
TIDMZBO
RNS Number : 2852T
Zibao Metals Recycling Holdings PLC
11 October 2017
11 October 2017
Zibao Metals Recycling Holdings PLC
(The "Company")
REMOVAL OF NOMAD STATUS BY THE EXCHANGE
The Company today announces that it has been informed that that
the London Stock Exchange has determined to remove ZAI Corporate
Finance's nomad status pursuant to Rule 11 of the AIM Rules for
Nominated Advisers ("Nomad Rules") on the basis that it no longer
meets the criteria in Nomad Rule 2 - bullet points 3 and 4, being
that a nominated adviser must
-- have acted on at least three Relevant Transactions during that two-year period;
-- employ at least four Qualified Executives and in this regard
the Exchange will take in to account the overall experience of the
Qualified Executives on an individual basis and as a team.
The removal will take effect at 7am 19 October 2017. At that
point the Company's shares will be suspended from trading on AIM,
pursuant to AIM Rule 1.
If it has not by then appointed a replacement nominated adviser
within one month of suspension (by 20 November 2017), admission of
the Company's shares to trading on AIM will be cancelled.
The Company's board is in talks with potential nominated
advisers and hopes to update the market shortly.
For further information please contact:
Zibao Metals Recycling Holdings PLC Tel: +852 2769 7662
Wenjie "Joe" Zhou, Chairman www.zibaometals.com
Jianfeng "Eddy" Li, Chief Executive Officer
Chor Wei "Alan" Ong, Finance Director
ZAI Corporate Finance Limited Tel: +44 (0) 20 7060 2220
(Nominated Adviser and Broker)
Ray Zimmerman/Tim Cofman www.zaicf.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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