Obtala Limited Update on Replacement of Nominated Adviser (4629Y)
December 05 2017 - 9:05AM
UK Regulatory
TIDMOBT
RNS Number : 4629Y
Obtala Limited
05 December 2017
5 December 2017
Obtala Limited
("Obtala", the "Group" or the "Company")
(AIM: OBT)
Update on Replacement Nominated Adviser
Obtala Limited (AIM: OBT), the African focused agricultural and
forestry company, is pleased to announce that, further to the
announcement of the 16(th) October, the due diligence process being
undertaken on the company to confirm the appointment of Northland
Capital Partners Limited as Nominated Adviser and joint broker to
the company is proceeding in a timely manner.
Site visits are planned to the WoodBois International ApS
offices in Copenhagen this week and to the sawmill and veneer
factories in Gabon next week.
No undue concerns have arisen, and we expect a satisfactory
outcome before the deadline of the 19(th) December 2017.
Shareholders will be advised once the process has been completed
and the relevant nominated adviser confirmations have been made to
the Exchange.
Miles Pelham, Chairman of Obtala, commented: "The Company is
pleased with the progress to date and looks forward to the
confirmation of completion of the appointment of Northland
Capital".
Obtala Limited
Miles Pelham - Chairman
Paul Dolan - CEO
Martin Collins - Deputy Chairman
www.obtala.com +44 (0)20 7099 1940
Northland Capital Partners Ltd (Nomad)
Tom Price
David Hignell +44 (0)20 3861 6625
Brandon Hill Capital (Joint Broker)
Jonathan Evans +44 (0)20 3463 5000
Beaufort Securities Limited (Joint Broker)
Jon Belliss +44 (0)20 7382 8300
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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