Infinity Energy S.A. Intention to seek a listing on the Standard List

 
TIDMINFT 
 
Infinity Energy S.A. 
                         ("Infinity" or the "Company") 
 
               Intention to seek a listing on the Standard List 
 
Infinity announces its intention to commence the process of applying for a 
Standard Listing of the Company's ordinary shares on the Main Market of the 
London Stock Exchange. 
 
Peterhouse Corporate Finance, Broomfield & Alexander and Blake Morgan LLP have 
been engaged as Financial Adviser, reporting accountants, and legal adviser 
respectively, for the listing process. 
 
Gerwyn Williams, Infinity's Executive Chairman, commented; 
 
"The Board continues to evaluate a number of transactions, however given the 
deadline imposed on the Company under the AIM Rules, the Board has decided that 
Infinity is now ready to move to the next stage of its development and intends 
to start the process of applying to list the Company's ordinary shares on the 
Standard Segment of the Main Market of the London Stock Exchange. The Board 
believes that the move to a Standard Listing will allow Infinity to maintain 
its public quotation while allowing the Board the time to undertake due process 
to complete a suitable acquisition." 
 
Shareholders should note that Admission to the Official List and trading on the 
Standard Segment of the London Stock Exchange's Main Market for listed 
securities requires a number of regulatory approvals and approval of the UK 
Listing Authority. Shareholders should be aware that there can be no certainty 
that the Company will be able to successfully list on the Standard Segment of 
the London Stock Exchange.   Further announcements will be made in due course. 
 
In the meantime, the Company's shares will continue to be admitted to trading 
on AIM.  However, as the Company is an AIM Rule 15 cash shell, the Company will 
have to make an acquisition or acquisitions which constitute a reverse takeover 
under Rule 14 of the AIM Rules by 12 April 2018, otherwise the admission of the 
Company's shares to trading on AIM will be cancelled. 
 
For further information, please contact: 
 
Infinity Energy S.A. 
Gerwyn Williams                                Tel:  [phone] 
 
Nomad 
Cairn Financial Advisers LLP 
Sandy Jamieson / James Caithie                 Tel:  [phone] 
 
Joint-Broker 
WH Ireland Limited 
Katy Mitchell                                  Tel:  [phone] 
 
Joint-Broker & Financial Advisers 
Peterhouse Corporate Finance Limited 
Eran Zucker / Lucy Williams                    Tel:  [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

February 02, 2018 02:00 ET (07:00 GMT)