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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cradle Arc | LSE:CRA | London | Ordinary Share | GB00BYZ6H873 | ORD GBP0.0001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.625 | 0.60 | 0.65 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCRA
RNS Number : 1742R
Cradle Arc PLC
26 February 2019
Cradle Arc plc / EPIC: CRA.L / Market: AIM / Sector: Mining
26 February 2019
Cradle Arc plc
("Cradle Arc" or the "Company")
Update re Judicial Management Process and Resignation of Nominated Adviser
Cradle Arc announces that, further to its announcement of 20 December 2018, a report regarding the financial position of Leboam Holdings (Proprietary) Ltd ("Leboam"), prepared by the Provisional Judicial Manager, was yesterday presented at a meeting of the creditors of Leboam, recommending that Leboam enters full judicial management, with the final decision expected to be made by the Botswana High Court on Thursday 28 February 2019. Should Leboam enter into full judicial management, the Judicial Manager would aim to restructure Leboam's balance sheet and seek to preserve value for Leboam's various stakeholders.
Accordingly, Strand Hanson Limited has resigned as Nominated Adviser to the Company with immediate effect. Pursuant to Rule 1 of the AIM Rules for Companies, if a replacement Nominated Adviser is not appointed within one month, the admission of the Company's securities to trading on AIM will be cancelled. The Company has no current intention to appoint a replacement Nominated Adviser.
**ENDS**
For further information on the Company, please visit www.cradlearc.com or contact:
Antony Batty & Company LLP Tel: +44 (0)20 7831 1234 Antony Batty Hugh Jesseman
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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(END) Dow Jones Newswires
February 26, 2019 08:23 ET (13:23 GMT)
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