TIDMUVEL

RNS Number : 3098T

UniVision Engineering Ltd

11 October 2017

11 October 2017

UniVision Engineering Limited

("UniVision" or the "Company")

Removal of Nomad Status by the Exchange

UniVision (AIM; UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, announces that it has been informed that that the London Stock Exchange has determined to remove 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 removal 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 is considering all options available to it for the interest of shareholders and hopes to update the market shortly.

For further information visit www.uvel.com or contact:

 
 UniVision Engineering Limited      Tel: +852 2389 
                                     3256 
 Stephen Koo, Chairman              www.uvel.com 
  Chun Pan Wong, Chief Executive 
  Officer 
  Danny Kwok Fai Yip, Finance 
  Director 
 
 Nicholas Lyth, Non-Executive 
  Director                          +44 (0)7769 906686 
 
 ZAI Corporate Finance Limited      Tel: +44 (0)20 
  (Nominated Adviser and Broker)     7060 2220 
 Tim Cofman                         www.zaicf.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 11, 2017 04:45 ET (08:45 GMT)

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