EMM Mkt Minerals Temporary Suspension
21 Dicembre 2016 - 2:30PM
UK Regulatory
TIDMEMM
21 December 2016
Emerging Market Minerals Plc
("Emerging Market Minerals" or the "Company")
Update re 2016 Annual Report and Accounts
Suspension from Trading on AIM
AIM Rule 15 Cash Shell Status
Emerging Market Minerals (AIM: EMM) announces that the Company
will not be in a position to publish its audited annual report and
accounts for its financial year ended 30 June 2016 (the "Annual
Accounts"), by 31 December 2016, in accordance with Rule 19 of the
AIM Rules for Companies.
Accordingly, trading in the Company's ordinary shares on AIM is
expected to be suspended with effect from 1.30 p.m. today and such
suspension will remain in place until publication of the Annual
Accounts.
In addition, the Company announces that due to the considerable
ongoing delay and uncertainty with respect to receiving the
requisite approvals from the relevant Madagascan government
authorities in respect of the Company's Marodambo Project, thereby
preventing any substantive work on the project, it is now deemed to
have become an AIM Rule 15 cash shell for the purposes of the AIM
Rules and will therefore have six months from today to make an
acquisition or acquisitions which constitute a reverse takeover
pursuant to AIM Rule 14 (including seeking re-admission as an
Investing Company as defined under the AIM Rules), failing which
trading in the Company's ordinary shares will be suspended pursuant
to AIM Rule 40. Should the Company subsequently not complete a
suitable reverse takeover within six months following such
suspension, admission to trading on AIM of the Company's securities
will be cancelled.
A further announcement(s) will be made as and when
appropriate.
- Ends -
For further information, please contact:
Emerging Market Minerals Plc Tel:+44 (0)20 3637 5933
Martin Nicholls, Executive Chairman
Strand Hanson Limited (Nominated Adviser) Tel:+44 (0)20 7409 3494
James Harris
Matthew Chandler
James Dance
or visit:
www.emergingmarketminerals.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20161221005391/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 21, 2016 08:30 ET (13:30 GMT)
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