ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

NWN Newmarket Inv.

0.25
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Newmarket Inv. LSE:NWN London Ordinary Share GB0001288504 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Resignation of Nominated Adviser And Broker

28/10/2009 7:00am

UK Regulatory



 
TIDMNWN 
 
NEWMARKET INVESTMENTS PLC 
 
                  RESIGNATION OF NOMINATED ADVISER AND BROKER 
 
Newmarket Investments PLC (the "Company") today announces that its nominated 
adviser, Dowgate Capital Advisers Limited ("DCA"), and the Company's broker, 
Dowgate Capital Stockbrokers Limited ("DCS") have resigned with immediate 
effect. 
 
Under AIM Rule 1, if the Company fails to appoint a new nominated adviser 
within one month, the admission of the Company's shares to trading on AIM will 
be cancelled by the London Stock Exchange at 7.00 a.m. on 30 November 2009. 
 
The board announces that it is in discussions in relation to a potential 
transaction in the leisure sector for which it would receive an introductory 
fee from a third party, conditional on completion. Receipt of such a fee would 
provide the Company with further working capital. 
 
The Company's shares are currently suspended from trading on AIM due to the 
Company's failure to publish the report and accounts for the year ended 31 
March 2009 in accordance with AIM Rule 19. The resignation of the Company's 
nominated adviser is a further reason for the continuing suspension of trading 
in the shares. 
 
The board is managing its cash tightly. However, until the Company receives the 
fee mentioned above and is thereafter able to confirm its going concern status 
to the satisfaction of the Company's auditors, the report and accounts for the 
year ended 31 March 2009 will not be finalised. 
 
A further announcement will be made as soon as possible. 
 
For further information please visit www.newmarketinvestmentsplc.com or 
contact: 
 
Jonathan Cohen            Newmarket Investments plc         Tel: 020 7486 8985 
Aaron Smyth               Dowgate Capital Advisers Ltd      Tel: 020 7492 4777 
 

1 Year Newmarket Investments Chart

1 Year Newmarket Investments Chart

1 Month Newmarket Investments Chart

1 Month Newmarket Investments Chart