25 April 2022
W Resources Plc
("W" or the "Company")
Resignation of Advisers and Anticipated Cancellation of AIM Admission
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in
The Company's ordinary shares 0.1p per share ("Ordinary Shares"), which were suspended from trading on AIM, will remain suspended.
Under Rule 1 of the AIM Rules for Companies, if an AIM company ceases to have a nominated adviser the London Stock Exchange will suspend trading in its AIM securities. If within one month of that suspension the AIM company has not appointed a replacement nominated adviser, the admission of its AIM securities to trading on AIM will be cancelled.
In light of the unprecedented difficult financial and operating circumstances in which the Company finds itself following, inter alia, the substantial rise in energy prices with the cost of LNG rising from
Accordingly, the Company anticipates that its Ordinary Shares will cease to be admitted to trading on AIM on or around 24 May 2022.
The W Board is giving consideration as to how best to enable shareholders to trade their Ordinary Shares and shareholders will be advised of any future arrangements in due course. In the meantime, shareholders may contact the Company via email using the contact details below.
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 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 "
Enquiries:
W Resources Plc Paul Hailes |
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