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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Servision | LSE:SEV | London | Ordinary Share | GB00B0586C20 | 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% | 0.85 | 0.70 | 1.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSEV
RNS Number : 9657S
SerVision plc
28 June 2018
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
28 June 2018
SerVision plc
("SerVision" or the "Company")
Proposed appointment of Liquidator
Resignation of Nominated Adviser
Further to recent announcements the Company regrets to announce that earlier today discussions with potential funding parties to restructure the Company were terminated. As such the Company has unfortunately been unable to secure the necessary funding to restructure the Company to clear the Company's debts and provide it with sufficient capital as an AIM Rule 15 Cash Shell. The Company has therefore been left with no alternative but to cease trading immediately and be placed into the appropriate insolvency process.
As such the Board has today resolved to place the Company into Creditors' Voluntary Liquidation and has appointed Leonard Curtis to assist with this process. Formal notices will be issued by Leonard Curtis in due course.
Furthermore, with mutual agreement of the Board, Allenby Capital Limited has resigned as Nominated Adviser and Broker to the Company with immediate effect. Pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month, the admission of the Company's securities will be cancelled on AIM. The Company has no current intention of appointing a replacement Nominated Adviser.
The Company's ordinary shares remain suspended from trading on AIM.
Any enquiries regarding the Company should be directed to Charlotte John of Leonard Curtis on 0207 535 7000.
-ends-
For further information:
SerVision plc Eitan Yanuv (Finance Director) Tel: 0207 535 7000 Antony Legge (Non-Executive Director)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCKMGZVKRMGRZM
(END) Dow Jones Newswires
June 28, 2018 12:00 ET (16:00 GMT)
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