Maistro PLC Secondary Trading following Cancellation (5598D)

TIDMMAIS

RNS Number : 5598D

Maistro PLC

27 June 2019

Maistro plc

(the "Company")

Secondary Trading following Cancellation

Maistro Plc (AIM: MAIS) ("Maistro" or the "Company") 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 13 June 2019, the Cancellation will take effect from 7.00am on 28 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 behaviour 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 Bids and offers may be made and withdrawn at any time before the closing date of each auction.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 around 31 July 2019. Details will be posted on the Company's website and on the Company page to be set up on the Asset Match website.

Enquiries:

 
 Maistro plc 
 David Rowe (Chairman)                  [phone] 
 Laurence Cook 
 
 N+1 Singer (Nominated Adviser and 
  Broker)                               [phone] 
 James White / Iqra Amin (Corporate 
  Finance) 
 Tom Salvesen/Mia Gardner (Corporate 
  Broking) 
 
 

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June 27, 2019 02:00 ET (06:00 GMT)