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Change of Adviser and suspension of shares

29th Sep 2015 09:00

RNS Number : 5140A
Camkids Group PLC
29 September 2015
 



29 September 2015

 

Camkids Group plc

 

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

 

Resignation of the Company's nominated adviser

and Director resignations

 

Camkids Group plc (AIM: CAMK) announces that Allenby Capital Limited has resigned as the Company's nominated adviser and broker with immediate effect. Accordingly the Company's shares will be suspended from trading on AIM at 9.00 am today. In accordance with AIM Rule 1, if the Company fails to appoint a replacement nominated adviser within one month of the date of suspension, admission of the Company's shares to trading on AIM will be cancelled.

 

The Company has also been informed that Jacques-Franck Dossin has resigned as Non-Executive Director of the Company as he opposes the financial compensation which Camkids proposes to pay to three of its exiting distributors; and that Ng Pei Eng has resigned as Chief Financial Officer of the Company, both with immediate effect.

 

- Ends -

 

For further details, please contact:

 

Camkids Group plc

 

Zhang Congming, Executive Chairman

Tel: +44 (0) 20 7653 9850

 

 

Media enquiries:

Newgate

 

Adam Lloyd / Robyn McConnachie

Tel: +44 (0) 20 7653 9850

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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