Statement re Beaufort Securities Limited

RNS Number : 5706G

Mineral & Financial Invest. Limited

02 March 2018

 

2 March 2018

MINERAL AND FINANCIAL INVESTMENTS LIMITED

("MAFL" or the "Company")

Statement RE: Beaufort Securities Limited

The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into administration and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity. As a result, the London Stock Exchange has suspended BSL's membership of the London Stock Exchange pending clarification of the firm's position

BSL is joint broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules").  As a result of suspension of its membership to the London Stock Exchange, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

WH Ireland Limited, the Company's NOMAD and other joint broker, will continue to provide broking services to the Company. The Company is seeking to appoint a new joint broker as soon as possible and a further announcement will be made when this appointment is made.

For more information:

Jacques Vaillancourt, Executive Chairman	[phone]
Katy Mitchell and Jessica Cave, WH Ireland	[phone]

 

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