Graphene NanoChem To Cancel AIM Trading On March 19 (ALLISS)

16th Mar 2018 11:54

LONDON (Alliance News) - Performance nanotechnology company Graphene NanoChem PLC said on Friday it will cancel its shares from London's AIM market on Monday next week, following its failure to appoint a new nominated adviser.

On February 16, Panmure Gordon (UK) Ltd resigned as nominated adviser and broker of the company. Shares in Graphene NanoChem have been suspended since the end of January.

However, the company said it has made progress in advancing its proposed acquisition of modular construction company CG TekBuild, with substantial work on legal and financial due diligence. Once the acquisition is completed, Graphene NanoChem said it expects undertake an initial public offering to relist on AIM.