BIDS.L

Bidstack Group Plc
Bidstack Group PLC - Appointment of Administrators & Nomad Resignation
22nd March 2024, 13:11
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RNS Number : 0086I
Bidstack Group PLC
22 March 2024
 

Certain 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") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.

22 March 2024

Bidstack Group Plc

("Bidstack" or the "Company" or the "Group")

Appointment of Administrators

Resignation of Nominated Adviser

The Company confirms that, further to its announcement on 11 March 2024, the Board of Bidstack has now appointed Paul Berkovi and Mark Granville Firmin of Alvarez & Marsal Europe LLP as administrators to the Company.

 

The Company also announces that, as a result of the Company appointing administrators, SPARK Advisory Partners Limited has informed the Company of its resignation as Nominated Adviser with immediate effect. Pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month of today's date, the admission of the Company's shares to trading on AIM will be cancelled. The Company has no current intention of appointing a replacement Nominated Adviser.

 

Trading in Company's ordinary shares on AIM was suspended on 11 March 2024.

 

The administration team can be contacted on INS_BIDSGP@alvarezandmarsal.com.

 

Further announcements will be made as appropriate.

 

-ENDS-

 

Contacts

Bidstack Group Plc

 

Via Alvarez & Marsal Europe LLP

Alvarez & Marsal Europe LLP (Administrator)

 

+44 (0) 20 7715 5200

About Bidstack

Bidstack's technology empowers video game publishers to monetise and manage spaces within their virtual environments.  Its platform provides real-time reporting, dynamic targeting and player communication tools for brand activations and fan engagement.

 

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