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INFT Infinity Eng.

0.14
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Infinity Eng. LSE:INFT London Ordinary Share LU0726886947 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% 0.14 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

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

02/02/2018 7:00am

PR Newswire (US)


Infinity Eng. (LSE:INFT)
Historical Stock Chart


From May 2019 to May 2024

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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:  +44 7889 677 397
Nomad
Cairn Financial Advisers LLP
Sandy Jamieson / James Caithie


Tel:  +44 207 213 0880
Joint-Broker
WH Ireland Limited
Katy Mitchell


Tel:  +44 0113 394 6618
Joint-Broker & Financial Advisers
Peterhouse Corporate Finance Limited
Eran Zucker / Lucy Williams


Tel:  +44 20 7469 0930

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