Onzima Ventures Plc Suspension of Trading

 
TIDMONZ 
 
Onzima Ventures PLC 
 
                          ("Onzima" or the "Company") 
 
                             Suspension of Trading 
 
On 14 October 2015, following a general meeting and approval of all resolutions 
by shareholders, Onzima became an Investing Company under the AIM Rules for 
Companies and adopted a new Investing Policy.  Over the last 12 months, the 
Company has assessed a large number of investments and invested in 19 
companies, as well as evaluated a number of potential reverse takeover 
opportunities. 
 
As an Investing Company, the Company is required to implement its Investing 
Policy within 12 months or make an acquisition or acquisitions which constitute 
a reverse takeover under the AIM Rules, failing which the Company's ordinary 
shares would be suspended from trading on AIM.  However, as at today's date, 
the Company has not made an acquisition or acquisitions which constitute a 
reverse takeover under the AIM Rules or otherwise implemented its Investing 
Policy to the satisfaction of the London Stock Exchange.  Accordingly, in 
accordance with Rule 15 of the AIM Rules for Companies, the Company's ordinary 
shares will be suspended from trading with effect from 7:30 am today. 
 
In the event that  the Company is deemed to have implemented its Investing 
Policy, the Company will apply for the suspension to be lifted.  Pending the 
implementation of its Investing Policy or completion of a reverse takeover, 
trading in the Company's ordinary shares will remain suspended. 
 
If the Company has not made an acquisition or acquisitions which constitute a 
reverse takeover under the AIM Rules or otherwise implemented its Investing 
Policy within 6 months of the suspension, being 17 April 2017, the admission of 
the Company's ordinary shares to AIM will be cancelled. 
 
For further information please contact: 
 
Onzima Ventures PLC 
            Tel:  [phone] 
 
Gavin Burnell, Luke Cairns 
 
Nominated Adviser 
 
Cairn Financial Advisers LLP 
            Tel:  [phone] 
 
Sandy Jamieson, Liam Murray 
 
Broker 
 
Peterhouse Corporate Finance Limited                           Tel:  +44 (0) 20 
7469 0930 
 
Guy Miller, Lucy Williams 
 
 
 
END 
 

(END) Dow Jones Newswires

October 17, 2016 02:00 ET (06:00 GMT)