ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ITS Itsarm Plc

0.775
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itsarm Plc LSE:ITS London Ordinary Share GB00BMXMR838 ORD GBP0.0025
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.775 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Itsarm PLC Suspension and Corporate and Financial Update (7391N)

27/09/2023 3:00pm

UK Regulatory


Itsarm (LSE:ITS)
Historical Stock Chart


From Jun 2023 to Jun 2024

Click Here for more Itsarm Charts.

TIDMITS

RNS Number : 7391N

Itsarm PLC

27 September 2023

Itsarm plc

Suspension from trading and

Corporate and financial reporting update

Itsarm plc ("Itsarm" or the "Company") announces that, further to the announcement on 26 July 2023, the Company has not completed a transaction which qualifies as an AIM Rule 14 transaction. Accordingly, the Company's ordinary shares will be suspended from trading on AIM at 7:30 a.m. on 28 September 2023, pursuant to Rule 40 of the AIM Rules.

The Board continues to actively consider several business acquisition opportunities. Of these, there are two opportunities that the Board are particularly focused, one of which is a consumer/retail focused business, with the intention of undertaking a qualifying AIM Rule 14 (reverse takeover) transaction by 27 March 2024. It should be noted however that these discussions are at an early stage and there can be no guarantee that they will progress to a completed transaction. If no such transaction is completed, admission to trading on AIM will be cancelled at 7:00 a.m. on 28 March 2024.

The Company's audited financial results for the year ended 31 March 2023 ("FY23") are required, pursuant to the AIM Rules, to be announced by 30 September 2023. Based upon recent conversations between the Company and its auditors, the Company will not be able to publish its FY23 Annual Report and Accounts by this date. The Company's ordinary shares will already have been suspended from 28 September 2023, but such suspension will therefore remain in effect until the Company has both (a) published an admission document in respect of an AIM Rule 14 transaction, but also (b) having published its audited FY23 Annual Report and Accounts, in accordance with AIM Rule 19.

For further enquiries:

 
Itsarm plc 
David Craven, Non-Executive Chairman               +44 (0) 7775 625 
 Jean-Paul Rohan, Non-Executive Director            451 
Zeus (Nomad and Broker)                            +44 (0) 20 3829 
 David Foreman / Ed Beddows (Investment Banking)    5000 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCQQLFLXKLXBBD

(END) Dow Jones Newswires

September 27, 2023 10:00 ET (14:00 GMT)

1 Year Itsarm Chart

1 Year Itsarm Chart

1 Month Itsarm Chart

1 Month Itsarm Chart

Your Recent History

Delayed Upgrade Clock