1st Apr 2016 14:46
LONDON (Alliance News) - PowerHouse Energy Group PLC on Friday said its shares were suspended after Allenby Capital Ltd resigned as its nominated adviser and joint broker with immediate effect.
The company said it is "actively pursuing" the appointment of a new nominated adviser.
"Shareholders should note that if within one month of the company's suspension it has failed to appoint a replacement nominated adviser, the admission of the company's securities will be cancelled from AIM," PowerHouse said in a statement.
In addition, PowerHouse said that on February 8 it received a claim from RenewMe Ltd relating to a settlement entered into between the pair in March 2014.
"The company is in discussions with RenewMe regarding the claim and a further announcement in relation to the claim will be made in due course," PowerHouse said.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Powerhouse Ener