Itsarm PLC Cancellation of Shares to trading on AIM

RNS Number : 7518I

Itsarm PLC

28 March 2024

 

Itsarm plc

Cancellation of Shares to trading on AIM

 

Itsarm plc (the "Company") announces the cancellation of admission of its ordinary shares to trading on AIM, pursuant to AIM Rule 41 ("Cancellation").  Cancellation will become effective at 7:00 a.m. on 2 April 2024.

 

The Cancellation follows the Company's announcement "Suspension from trading and corporate and financial reporting update" on 27 September 2023. Unfortunately it has not been possible to conclude a qualifying AIM Rule 14 (reverse takeover) transaction.

 

Upon the Cancellation becoming effective, Zeus Capital will cease to be nominated adviser to the Company pursuant to the AIM Rules, however the Company will remain subject to the Takeover Code.

 

The board of directors will now commence the process of winding up the Company.

 

For further enquiries:

Itsarm plc
David Craven, Non-Executive Chairman Jean-Paul Rohan, Non-Executive Director
Zeus (Nomad and Broker) David Foreman (Investment Banking)	[phone]

 

 

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