Umuthi Healthcare Solutions PLC Temporary Suspension - Further Update (4330C)
June 18 2021 - 8:55AM
UK Regulatory
TIDMUHS
RNS Number : 4330C
Umuthi Healthcare Solutions PLC
18 June 2021
18 June 2021
Umuthi Healthcare Solutions PLC
("Umuthi" or the "Company" or the "Group")
Temporary Suspension - Further Update
Application for admission of new ordinary shares
The Board of Directors of Umuthi wishes to provide shareholders
with a further update regarding the temporary suspension from
trading in the Company's Ordinary Shares on the Standard Listing
segment of the Official List of the UK Listing Authority.
As announced on 10 June 2021, the FCA temporarily suspended
trading in the Company's shares as a result of its concerns
regarding some Company shareholders who were involved in a share
exchange agreement prior to the Company's Admission to trading, not
being able to trade all of their shares. This was due, in some
instances, to share trading accounts not having been fully
activated.
The Company is now pleased to be able to confirm that it has
satisfactorily resolved these matters.
As a result of carrying out this work, the Company has applied
to the UK Listing Authority for an additional 9,400,000 ordinary
shares to be admitted to trading on the Standard Listing segment of
the Official List. Admission is expected to be effective on 23 June
2021.
Following admission of these additional new ordinary shares, the
total number of ordinary shares in issue will be 101,400,000.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART
OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
Enquiries:
Umuthi Healthcare Solutions Plc Via IFC
Gert Viljoen, Chief Executive Officer
IFC Advisory Ltd Tel: +44 (0) 20 3934 6630
Graham Herring
Zach Cohen
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