Albert Technologies Ltd Secondary Trading following Cancellation (2909K)

TIDMALB

RNS Number : 2909K

Albert Technologies Ltd

28 August 2019

28 August 2019

Albert Technologies Ltd.

("Albert Technologies" or the "Company")

Secondary Trading following Cancellation

Albert Technologies announces details of the secondary market trading facility that will be in place following the cancellation of the admission to trading on AIM of its Ordinary shares ("Cancellation").

As previously announced, following approval by shareholders at the General Meeting held on 20 August 2019, the Cancellation will take effect from 7.00 a.m. on Thursday 29 June 2019.

Following the Cancellation, the Company has appointed Asset Match (www.assetmatch.com) to facilitate trading in the ordinary shares. Asset Match, a firm authorised and regulated by the Financial Conduct Authority, will operate an electronic off-market dealing facility for the ordinary shares. This facility will allow existing shareholders of the Company ("Shareholders") and new investors to trade ordinary shares by matching buyers and sellers through periodic auctions. Investors can register their interest for further information on the Asset Match auction process by emailing [e-mail].

The Asset Match trading facility operates under its own code of practice which governs the behavior of participants and the running of the periodic auctions. Asset Match operates an open auction system where volumes of bids and offers at different prices are displayed on its website together with the closing date of the auction. At the end of each auction period Asset Match pass this information through a non-discretionary algorithm that determines a "fair" share price based on supply and demand and allocates transactions accordingly. Bids and offers may be made and withdrawn at any time before the closing date of each auction.

Shareholders will continue to be able to hold their shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares. Shareholders wishing to trade shares through Asset Match must do so through a stockbroker and a comprehensive list of stockbrokers who have signed up to access the Asset Match platform is available on the Asset Match website. The preferred broker of Asset Match is the Share Centre www.share.com.

The Company has not yet determined the closing date of the first Asset Match auction of its ordinary shares, but it is the Company's intention to have the first auction during September 2019. Details will be posted on the Company's website and on the Company page to be set up on the Asset Match website.

For further information, please visit www.albert.ai or contact:

 
 Albert Technologies Ltd 
                                                Tel: [phone] 
   Or Shani, Chief Executive Officer 
   Yoram Freund, Chief Financial Officer 
   https://albert.ai/ 
 Cantor Fitzgerald Europe (Nominated Adviser 
  and Broker) 
 
   Philip Davies Corporate Finance 
   William Goode 
 
   Caspar Shand-Kydd Equity sales 
   Arthur Gordon                                [phone] 
 Asset Match Limited 
 
  Ben Weaver 
  Matthew Wilson                                [phone] 
 
 

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 [e-mail] or visit www.rns.com.

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August 28, 2019 02:00 ET (06:00 GMT)