Change of Adviser

RNS Number : 9968T

UniVision Engineering Ltd

18 October 2017

 

For immediate release

18 October 2017

UniVision Engineering Limited

("UniVision" or "the Group")

Change of Adviser

Further to the Exchange's announcement of 10 October 2017 and the Company's announcement of 11 October 2017 regarding the pending removal of ZAI Corporate Finance Limited from the register of nominated advisers, the Company has appointed SPARK Advisory Partners Limited as its nominated adviser. Given the particular circumstances, the Exchange has agreed that SPARK Advisory Partners Limited has until 5pm 19 December 2017 to finalise its due diligence and provide all relevant nominated adviser confirmations to the Exchange.

There can be no guarantee that SPARK Advisory Partners Limited will be able to satisfactorily conclude its due diligence by 5pm 19 December 2017 or provide the relevant declaration to the Exchange. Accordingly, in such circumstances there is a risk that the Company's AIM securities will be suspended on or before 5pm on 19 December 2017 pursuant to AIM Rule 1. If within one month of that suspension, the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.

Notwithstanding the extension of time provided in respect of due diligence obligations at engagement, SPARK Advisory Partners Limited will continue to be subject to all the ongoing nominated adviser responsibilities under the AIM Rules for Nominated Advisers.

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For further information please contact:

UniVision Engineering Limited www.uvel.com Stephen Koo, Chairman Chun Pan Wong, Chief Executive Officer Danny Kwok Fai Yip, Finance Director Nicholas Lyth, Non-executive Director	[phone] [phone]
SPARK Advisory Partners Limited (Nominated Adviser) Mark Brady Neil Baldwin www.sparkadvisorypartners.com	[phone]

 

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