Chamberlin PLC Appointment of Administrators & Nomad Resignation
May 20 2024 - 11:02AM
RNS Regulatory News
RNS Number : 1637P
Chamberlin PLC
20 May 2024
20 May 2024
Chamberlin
plc
("Chamberlin", the "Company" or the "Group")
Appointment of Administrators and
Resignation of Nominated Adviser
Further to the announcement dated 10 May 2024,
Chamberlin plc (AIM: CMH.L), the specialist castings and machining
group, announces that Raj Mittal and Benjamin Jones of FRP Advisory
Trading Limited ("FRP") have been appointed as administrators of
the Company's two trading subsidiaries, Chamberlin & Hill
Castings Limited ("CHC") and Russell Ductile Castings Limited
("RDC"), which have been placed into administration.
Resignation of
Nominated Adviser
Consequently, Cavendish Capital Markets Limited
has informed the Company of its intention to resign as Nominated
Adviser and Joint Broker to Chamberlin plc with immediate effect.
The Company's ordinary shares remain suspended from trading and
pursuant to AIM Rule 1, if a replacement Nominated Adviser is not
appointed within one month, the admission of the Company's ordinary
shares to trading on AIM will be cancelled.
Enquiries:
|
Chamberlin plc
Kevin Price, Chief
Executive
|
|
T: 01922 707100
|
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