Business
Update on suspension date
Update on suspension date.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 7225H Abal Group PLC 02 August 2019 \n\n2 August 2019\n \nAbal Group plc\n (the \"Company\")\n(AIM: ABAL)\n \nUpdate on suspension date\n \nThe Company became an AIM Rule 15 Cash Shell on 5 February and, as such, the Company is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 within six months of 5 February 2019 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million) failing which, the Company's Ordinary Shares will then be suspended from trading on AIM pursuant to AIM Rule 40.\n \nIn an announcement dated 1 March 2019 the Company incorrectly stated that its shares would be suspended on or before the date falling 6 months from 5 March 2019. This date should have been stated as 5 February 2019.\n \nThe suspension of the Company's shares will take effect from 7.30 a.m. on 6 August 2019.\n\nThe Board continues to focus on acquisition opportunities which could lead to a reverse takeover under AIM Rule 14.\n \nEnquiries:\n\n\n\n\nAbal plc\n\n\nTel: +44 (0)7717 436384\n\n\n\n\nSimon Charles \n\n\n \n\n\n\n\nWH Ireland NOMAD and Broker\n\n\nTel: 0117 945 3471\n\n\n\n\nMike Coe / Chris Savidge\n\n\n \n\n\n\n\nPeterhouse Corporate Finance (Joint broker)\n\n\nTel: 020 7469 0936\n\n\n\n\nLucy Williams / Duncan Vasey\n\n\n \n\n\n\n\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END UPDPTMPTMBIMMIL\n ","length":3888,"tagName":"div"}]