19th May 2005 07:00
AIM19 May 2005 AIM NOTICE White Nile Limited (WNL) White Nile Limited ('the Company') was admitted to trading on AIM on 10 February2005. On 16 February 2005 the Company announced that it had concluded anagreement to acquire a 60% interest in Block Ba in South Sudan ('theAcquisition') and, upon request by the Company, it was placed into precautionarysuspension pending the publication of full information relating to theAcquisition. On 4 March 2005, following discussions with the London Stock Exchange ('theExchange'), the Company announced that the Acquisition would be treated as areverse transaction under the AIM Rules and that its Directors would prepare anadmission document and seek shareholder approval of the Acquisition. TheCompany has remained in suspension since that date pending publication of thedocument. During this period of suspension, the Exchange has had ongoing discussions withthe Company and Numerica Capital Markets Limited, its current nominated adviser.Following a review of the information publicly available and the informationmade available to the Exchange by the Company concerning the Acquisition, theExchange felt that it was appropriate to impose certain special conditions onthe Company, under paragraph 9 of the AIM Rules. The special conditions imposed by the Exchange were that the Company, prior toits re-admission, should: • obtain Counsel's opinion on the process for approval of oil concession and licence agreements in Sudan; and • make available for public inspection all documents upon which it is placing reliance in relation to the Acquisition. Note: It is the responsibility of AIM companies to ensure that any admissiondocuments are prepared in accordance with the AIM rules. The Exchange has notitself examined or approved the contents of the Company's admission document. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Agriterra Ld