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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Oxus Gold | LSE:OXS | London | Ordinary Share | GB0030632714 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.125 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMOXS
RNS Number : 2948N
Oxus Gold PLC
28 January 2016
28 January 2016
Oxus Gold plc
Statement re: Appointment of Administrators
Further to the announcement made by Oxus Gold plc ("Oxus Gold" or the "Company") on 23 December 2015, following the disappointing final award of the arbitral tribunal received on 22 December 2015, Oxus Gold has reviewed its cash position and prospects and determined that it would be the appropriate course of action to place the Company into administration. After taking independent advice, the directors concluded that this was the only feasible structure under which the existing award could be challenged and any further claims brought. Accordingly, Malcolm Cohen and Shane Crooks of BDO LLP were appointed as Joint Administrators to the Company on 27 January 2016.
The Joint Administrators will review the legal position in relation to the award and any other potential claims in liaison with the third party litigation funder.
The Company's shares remain suspended from trading on AIM.
Any further correspondence to creditors and shareholders of the Company will be sent out by the Joint Administrators in due course.
Contact details:
Hot Features
Premium
Administrators: NOMAD:
BDO LLP SP Angel Corporate Finance
55 Baker Street London LLP
W1U 7EU Ewan Leggat / Laura Harrison
oxusgold@bdo.co.uk
Tel: +44 (0) 20 3470
0470
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKFDNKBKDQDB
(END) Dow Jones Newswires
January 28, 2016 05:35 ET (10:35 GMT)
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