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Naibu Global Intl Co (NBU)

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Friday 22 May, 2015

Naibu Global Intl Co

Resignation of Nominated Adviser

RNS Number : 9903N
Naibu Global International Co PLC
22 May 2015
 

 

 

Press Release

22  May 2015

 

 

Naibu Global International Company Plc

 

("Naibu", the "Company" or the "Group")

 

Resignation of Nominated Adviser

 

Further to the announcement made on 29 April 2015, the non-executive Directors of Naibu have now initiated steps with their Chinese legal advisers to regain control of the Group's Chinese operating subsidiary and its associated bank accounts.

 

However, the non-executive Directors do not believe that the Company will be in a position to request lifting of its suspension within the six months' period prescribed by AIM Rule 41, which ends on 10 July 2015. In the circumstances, ZAI Corporate Finance Limited has resigned as Nominated Adviser to the Company. The Directors do not believe that it will be possible to appoint another nominated adviser and so, in accordance with AIM Rule 1, anticipate that its quotation will be cancelled on 22 June 2015.

 

Following cancellation of the AIM quotation, the non-executive Directors will release updates on progress via the RNS reach service. They will consider instituting a private dealing facility for the shares in due course if it is appropriate, although there can be no certainty that this will be put in place.

 

- Ends -

 

 

Naibu Global International Company Plc


Giles Elliott, Non-Executive Deputy Chairman

Tel: +44 (0) 20 7776 6550

 

ZAI Corporate Finance Limited

Tel: +44 (0) 20 7060 2220



Daniel Stewart & Company

Tel: +44 (0) 20 7776 6550



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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