Grand Group Investment PLC Status of Nominated Adviser (2997T)
October 11 2017 - 3:10AM
UK Regulatory
TIDMGIPO
RNS Number : 2997T
Grand Group Investment PLC
11 October 2017
11 October 2017
Update of NOMAD STATUS
The Company today announces that it has been informed that that
the London Stock Exchange has determined to rescind ZAI Corporate
Finance's nomad status pursuant to Rule 11 of the AIM Rules for
Nominated Advisers ("Nomad Rules") on the basis that it no longer
meets the criteria in Nomad Rule 2 - bullet points 3 and 4, being
that a nominated adviser must:
-- have acted on at least three Relevant Transactions during that two-year period;
-- employ at least four Qualified Executives and in this regard
the Exchange will take in to account the overall experience of the
Qualified Executives on an individual basis and as a team.
The recision will take effect at 7am 19 October 2017. At that
point the Company's shares will be suspended from trading on AIM,
pursuant to AIM Rule 1.
If it has not by then appointed a replacement nominated adviser
within one month of suspension (by 20 November 2017), admission of
the Company's shares to trading on AIM will be cancelled.
The Company's board is in talks with potential nominated
advisers and hopes to update the market shortly.
For further information please contact:
Grand Group Investment
PLC
Yang Xiao, Executive Tel: +86 (0) 510 8329 1718
Director www.grandgroupplc.com
Mark Hemmann, Non-Executive
ZAI Corporate Finance Limited Tel: +44 (0) 20
7060 2220
Ray Zimmerman / Ruby Qu www.zaicf.com
This information is provided by RNS
The company news service from the London Stock Exchange
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October 11, 2017 04:10 ET (08:10 GMT)
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