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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rame Energy | LSE:RAME | London | Ordinary Share | JE00BBD8GG53 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.125 | 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
TIDMRAME
RNS Number : 3618G
Rame Energy PLC
05 August 2016
Rame Energy plc
("Rame" or the "Company")
Appointment of Administrators
On 28 April 2016, the Company announced that it was seeking to raise GBP2.8 million via a non-brokered fundraising. Due to difficult market conditions and the outcome of the UK referendum on exiting the European Union, the Company has been unable to complete the fundraising. As a result, the directors, having taken advice, have concluded that the group can no longer continue to trade on a solvent basis. They have, therefore, appointed Andrew Beckingham and Colin Prescott of Leonard Curtis Recovery Limited as Joint Administrators of the Company on 4 August 2016.
The directors intend to work with the Joint Administrators to resolve the immediate liquidity issues of the group and maintain Rame as a going concern if possible.
On 1 July 2016, the Company's shares were suspended from trading on AIM as the Company was not in a position to publish its audited annual report and accounts ("Annual Report") within the timeframe laid out by the AIM Rules for Companies. That suspension will remain in place until such time as the Company is able to publish its audited Annual Report.
Further announcements will be made by the Company as appropriate.
Enquiries:
Hot Features
Premium
Leonard Curtis Recovery Limited via Rame
(Administrators)
Andrew Beckingham
Colin Prescott
+44 (0) 1752
Rame Energy plc 565638
Tim Adams, Chief Executive Officer
Kevin McNair, Chief Financial
Officer
Cantor Fitzgerald Europe (Nominated Adviser and Broker) +44 (0) 20 7894 7000
Andrew Craig
Richard Salmond
Tavistock (Financial PR) +44 (0) 20 7920 3150
Simon Hudson / James Collins / Claudia Esnouf
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLIFIRTVIEIIR
(END) Dow Jones Newswires
August 05, 2016 02:06 ET (06:06 GMT)
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