PCG Entertainment plc Resignation of nominated adviser and broker (0204Y)
03 Maggio 2019 - 10:26AM
UK Regulatory
TIDMPCGE
RNS Number : 0204Y
PCG Entertainment plc
03 May 2019
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 ("MAR").
3(rd) May 2019
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / Index: AIM / Epic: PCGE / NEX: PCGE
Resignation of nominated adviser and broker
The Company announces that Allenby Capital Limited ("Allenby
Capital"), the Company's nominated adviser and broker, has served
notice under its nominated adviser and broker agreements with the
Company. The Company and Allenby Capital have agreed that Allenby
Capital shall cease to act as the Company's nominated adviser and
broker on AIM at the close of business on 31 May 2019 (the "Notice
Period"). Allenby Capital will remain as the Company's NEX Exchange
Growth Market ("NEX") corporate adviser in the short term but have
served notice.
The Company's ordinary shares of 0.1 pence each (the "Ordinary
Shares") are currently suspended from trading on both the AIM and
NEX following the Company's announcement on 21 March 2019 regarding
the possible reverse takeover of Vox Markets Limited and Align
Research Limited. Discussions are continuing on these proposed
transactions, and the Board anticipates that the Ordinary Shares
will remain suspended under AIM Rule 14 beyond the Notice
Period.
The Company is in discussion with another firm to act as its
nominated adviser, broker and corporate adviser, however there can
be no assurance that an appointment will take place prior to the
expiry of the Notice Period. In the event that the Company is
unable to appoint a new nominated adviser within one month of
Allenby Capital ceasing to act as the Company's nominated adviser
then the admission to trading of the Ordinary Shares on AIM will be
cancelled.
For more information on PCGE please visit the Company's website,
www.pcge.com.
Enquiries:
PCG Entertainment PLC
Richard Poulden, Chairman Tel: +44 20 7812 0645
Allenby Capital Limited
Broker, Corporate Adviser and Nominated Adviser
Nick Naylor/Nick Harriss Tel: +44 20 3328 5656
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END
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(END) Dow Jones Newswires
May 03, 2019 04:26 ET (08:26 GMT)