DJ PCG Entertainment plc Resignation of nominated adviser and broker
RNS Number : 0204Y
PCG Entertainment plc
03 May 2019
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
3(rd) May 2019
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / Index: AIM / Epic: PCGE / NEX: PCGE
Resignation of nominated adviser and broker
The Company announces that Allenby Capital Limited ("Allenby Capital"), the Company's nominated adviser and broker, has served notice under its nominated adviser and broker agreements with the Company. The Company and Allenby Capital have agreed that Allenby Capital shall cease to act as the Company's nominated adviser and broker on AIM at the close of business on 31 May 2019 (the "Notice Period"). Allenby Capital will remain as the Company's NEX Exchange Growth Market ("NEX") corporate adviser in the short term but have served notice.
The Company's ordinary shares of 0.1 pence each (the "Ordinary Shares") are currently suspended from trading on both the AIM and NEX following the Company's announcement on 21 March 2019 regarding the possible reverse takeover of Vox Markets Limited and Align Research Limited. Discussions are continuing on these proposed transactions, and the Board anticipates that the Ordinary Shares will remain suspended under AIM Rule 14 beyond the Notice Period.
The Company is in discussion with another firm to act as its nominated adviser, broker and corporate adviser, however there can be no assurance that an appointment will take place prior to the expiry of the Notice Period. In the event that the Company is unable to appoint a new nominated adviser within one month of Allenby Capital ceasing to act as the Company's nominated adviser then the admission to trading of the Ordinary Shares on AIM will be cancelled.
For more information on PCGE please visit the Company's website, www.pcge.com.
PCG Entertainment PLC
Richard Poulden, Chairman Tel: +44 20 7812 0645
Allenby Capital Limited
Broker, Corporate Adviser and Nominated Adviser
Nick Naylor/Nick Harriss Tel: +44 20 3328 5656
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(END) Dow Jones Newswires
May 03, 2019 04:26 ET (08:26 GMT)