Business
Readmission and Publication of Prospectus
Readmission and Publication of Prospectus.
About this update from Advancedadvt Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 8244G\n Advancedadvt Limited\n 31 March 2022\n \n \n \n \n 31 March 2022\n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \n \n LEI: 254900WYO35S1T334A28\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION REGARDING ADVANCEDADVT LIMITED. \n \n NOTHING IN THIS ANNOUNCEMENT OR THE PROSPECTUS CONSTITUTES AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY TERRITORY.\n \n \n \n AdvancedAdvT Limited\n \n \n (the \"Company\")\n \n \n Readmission of the Ordinary Shares to the Official List (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities\n \n \n \n \n \n Prospectus publication and expected date of Readmission\n \n \n \n \n \n The Company announces that it has today published a prospectus (the \n \"Prospectus\") approved by the FCA in connection with the readmission of its ordinary shares of no par value in the Company (the \"Ordinary Shares\") to the standard segment of the Official List of the FCA and \n to trading on the London Stock Exchange's Main Market for listed securities\n (\"Readmission\").\n \n \n \n \n \n Readmission (including the recommencement of trading in the Ordinary Shares) is expected to occur at 8.00 a.m. on 5 April 2022. \n \n \n Background to Readmission\n \n \n The Company's acquisition of 12 million ordinary shares of 1p each in the capital of M&C Saatchi plc (\"M&C Saatchi\") at a price of £2 per share on 5 January 2022 (the \"M&C Saatchi Investment\") amounted to a reverse takeover for the purposes of the Listing Rules and the Ordinary Shares were suspended on 7 January 2022 pending the Company's application for Readmission. The Prospectus has therefore been published for the purposes of Readmission.\n \n \n Confirmations related to the Proposed M&C Saatchi Merger\n \n \n In addition to the M&C Saatchi Investment, the Company has made proposals to acquire all of the ordinary shares of M&C Saatchi, as described ...