W Resources PLC Delisting from AIM (7935M)
25 Mai 2022 - 1:33PM
UK Regulatory
TIDMWRES
RNS Number : 7935M
W Resources PLC
25 May 2022
25 May 2022
W Resources Plc
("W" or the "Company")
Delisting from AIM
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining
and exploration company with assets in Spain and Portugal,
announces the delisting of the Company's ordinary shares from
trading on AIM.
Trading in the Company's shares was suspended on 5 April 2022 as
a result of the impact of the uncertainties caused by the extremely
high liquid natural gas prices that placed an excessive cost burden
on the La Parrilla mine in Spain with the further impact of the
ongoing truck drivers dispute which caused a shortage of critical
spare parts. Subsequently, on 25 April 2022, the Company announced
that Grant Thornton UK LLP had resigned as its nominated adviser
with immediate effect.
Pursuant to AIM Rule 1 of the AIM Rules for Companies, if within
one month of an AIM company ceasing to have a nominated adviser and
the AIM Company has not appointed a replacement nominated adviser,
the admission of its AIM securities to trading on AIM will be
cancelled. In the case of trading in the Company's shares, the
one-month period since resignation of Grant Thornton UK LLP will
end at 7.00am on 26 May 2022, when cancellation of admission of the
Company's securities will occur.
Future intention to seek a relisting
The Company intends to continue operating as a tungsten, tin and
gold exploration, development and production company and hopes to
seek a relisting on a Stock Exchange should circumstances allow and
when appropriate. The Company will update shareholders as and when
it is appropriate to do so.
Alternative trading platform
Further to the announcement on 23 May 2022, the Company confirms
that it intends to admit its ordinary shares onto a share dealing
platform and is towards the end of this process. Further
information will be made available on the
https://wresources.com/investors/shareholder-information/ page on
the W Resources website in the coming weeks, in addition to a
Q&A on the process.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
Enquiries:
W Resources Plc
Paul Hailes
investor@wresources.com
www.wresources.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCSESFFIEESEDI
(END) Dow Jones Newswires
May 25, 2022 07:33 ET (11:33 GMT)
W Resources (LSE:WRES)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
W Resources (LSE:WRES)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024