TPOP.L

The People's Operator Plc
The People'sOperator - Update on Financial and Listing Position
28th December 2018, 18:24
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 7702L
The People's Operator PLC
28 December 2018
 

The People's Operator plc 

("TPO", the "Company" or the "Group") 

Update on Financial and Listing Position

The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, makes the following announcement regarding its financial position and listed status.

Following the resignation of finnCap Ltd as Nominated Adviser and Broker to the Company on 19 December, the Company has been undertaking an urgent review of its position as a listed entity. It has concluded that there is no prospect of appointing a new Nominated Adviser before the end of the year. Trading in the Company's shares on AIM will therefore be cancelled at 7.00 a.m. on 3 January 2019.

Under these circumstances, WWW Holding Company has indicated that it is not willing to proceed with its subscription for new ordinary shares in the capital of the Company or the other financing arrangements set out in the Circular of 4 December 2018. The General Meeting scheduled to be held on a date not later than 31 December 2018 has therefore been cancelled.

The Company and WWW Holding Company are independently conducting reviews of the various options open to them.

The Company continues to service its UK subscribers in the normal way and there is and will be no disruption to its services during the course of this review.

A further announcement will be made in due course.

For further details, please contact:

The People's Operator plc

Nick Dashwood Brown, Head of Investor Relations

 

07710 511259

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 


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.
 
END
 
 
UPDFKFDBFBDDBBB ]]>
TwitterFacebookLinkedIn