World Trade Systems PLC Cancellation of Listing (6371D)
20 Febbraio 2020 - 01:43PM
UK Regulatory
TIDMWTS
RNS Number : 6371D
World Trade Systems PLC
20 February 2020
20 Feb 2020
Cancellation of the Listing of the Ordinary Shares
The Directors have decided to delist the Company since it has no
active business and no source of business income. The Directors
believe that in order to reconstruct the Company's business, for
the benefit of all shareholders, it is necessary to cancel the
listing of the Company. The cancellation of the listing is expected
to take effect on 27 Mar 2020.
The costs of reconstruction when the Company is listed, albeit
suspended, would be prohibitive. Therefore the cancellation of the
listing at this time will benefit all shareholders and creditors as
it will enable the Company to avoid insolvency and the costs
related thereto.
The Directors have decided that it is not necessary to seek
approval of shareholders for the cancellation thereby saving
further unnecessary costs. Even after the cancellation of the
listing, the Company remains a public limited company and
shareholders will be kept informed of the activities in the same
manner as before.
For any further information relating to the above, the
shareholders are requested to contact the following:
Robert Lee, Director robert@interasialawoffices.com
AKM Ismail Consultant akm.ismail@gmail.com
This 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 rns@lseg.com or visit www.rns.com.
END
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