Sorbic International PLC Resignation of Nominated Adviser (2335Q)
June 16 2015 - 1:00AM
UK Regulatory
TIDMSORB
RNS Number : 2335Q
Sorbic International PLC
16 June 2015
Sorbic International Plc
("Sorbic" or "the Company")
Resignation of Nominated Adviser
The Company announces that finnCap Ltd, the Company's Nominated
Adviser has resigned with immediate effect.
The Company was suspended on 1 May 2015 and continues to
investigate the transfer of funds by Mr Wang, the former CEO of the
Company. Further updates will be made in due course.
Pursuant to Rule 1 of the AIM Rules, in the event that a
Nominated Adviser is not appointed within a month, the Company's
admission to trading will be cancelled.
CONTACTS
For further information:
Sorbic International plc Tel: +44 (0)7768 031 454
John McLean, Chairman www.sorbicinternational.com
Hybridan LLP (Broker)
Claire Louise Noyce Tel: +44 (0) 20 3713 4581
Media enquiries:
Abchurch Communications
Henry Harrison-Topham / Canace Wong Tel: +44 (0)20 7398 7714
canace.wong@abchurch-group.com www.abchurch-group.com
Notes to Editors:
About Sorbic International plc
Sorbic International's principal activity is the production and
sale of the food preservatives Sorbic Acid and Potassium Sorbate
from its base in Linyi City, Shandong Province, Peoples Republic of
China. Approximately half of Sorbic International's production is
sold to overseas markets and half into the Chinese domestic
market.
Sorbic Acid is a naturally occurring organic compound that is
used in all kinds of foods for its anti-decomposition and
anti-fungus function and also in grains, medicines, cosmetics,
toothpaste, tobacco, animal feed, latex, paper-manufacturing and
pesticides. Potassium Sorbate is used to inhibit moulds and yeasts
in many foods, such as cheese, wine, yogurt, dried meat, baked
goods, cosmetics and pharmaceuticals.
Sorbic International operates through its wholly owned
subsidiary Linyi Van Science and Technique Co. Ltd ("LVST").
www.sorbicinternational.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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