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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 : 0761T
Rame Energy PLC
30 December 2016
Rame Energy plc
("Rame" or the "Company")
Resignation of Nominated Adviser and Broker
Further to the announcement released on 26 September 2016, Andrew Beckingham and Colin Prescott of Leonard Curtis Recovery Limited (the "Joint Administrators"), have informed the Directors of the Company that they have to date been unable to conclude a satisfactory agreement with potential funding parties of the Company that would allow a Company Voluntary Arrangement to be proposed by the Company in satisfaction of the Company's debts. As a result, the Joint Administrators will shortly report to creditors upon the steps to be taken to arrange for the distribution of net funds within the Administration estate to creditors in accordance with their statutory order of priority and to exit the Administration proceedings.
An exit from Administration proceedings will likely result in the eventual dissolution of the Company and in order to preserve any remaining stakeholder value, the Company has agreed with Cantor Fitzgerald Europe that it will resign as the Company's nominated adviser and broker with immediate effect. The Company's shares will be cancelled from trading on AIM on 3 January 2017 pursuant to AIM Rule 41, having been suspended from trading since 1 July 2016.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Enquiries:
Leonard Curtis Recovery Limited Andrew.dally@leonardcurtis.co.uk (Administrators) Andrew Beckingham Colin Prescott Rame Energy plc (Via the Administrators) Tim Adams Kevin McNair
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 30, 2016 06:34 ET (11:34 GMT)
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