PCGB Power Capital

TIDMPCGB

RNS Number : 8757I

Power Capital Global Ltd

11 December 2015

11 December 2015

POWER CAPITAL GLOBAL LIMITED

("the Company")

Cancellation of admission to AIM

On 12 June 2015, the Company announced the cessation of its trading business and that, as a result, it was deemed to have become an investing company for the purposes of Rule 15 of the AIM Rules for Companies. On the same date, the Company's shares were suspended from trading on AIM in light of the Company's inability, given the level of its cash balances, to implement an investing policy as required under Rule 15 of the AIM Rules.

Since then, the board has sought to restructure and recapitalize the group to allow it to implement an investing policy designed solely to complete a substantial acquisition which constitutes a reverse takeover under the AIM Rules.

The Company regrets to announce that it has not been able to complete the required recapitalization and lifting of the suspension and therefore the Company's AIM admission will be cancelled with effect from 7.00 am on Monday 14 December 2015 pursuant to AIM Rule 41 due to its shares having been suspended from trading for six months. The board will be writing to all shareholders in due course to provide details of its plans for the future of the Company as an unlisted entity.

 
 Further information 
 Power Capital Global 
  Limited 
 Craig Niven            Tel: 01473 313800 
 Northland Capital 
  Partners Limited 
 Edward Hutton/Gerry    Tel: +44 (0)20 7382 1100 
  Beany 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 11, 2015 12:30 ET (17:30 GMT)

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