Announcement • Nov 15

nanosynth group Announces Admission of its Ordinary Shares to Trading on AIM to be Cancelled with Effect from 07.00 A.M. on 17 November 2023

nanosynth group plc (the ‘Company’) announced that as announced on 16 May 2023, the board, after taking independent advice, concluded that as potential funding options were unlikely to come to fruition within a required time frame, in order to protect creditors, an insolvent liquidation of the company should be pursued. After the announcement, several expressions of interest in providing funding to the Company were received. As a result, as announced on 14 June 2023, the insolvency process was put on hold while those funding options were explored. Regrettably, the expressions of interest have not resulted in a firm offer of funding sufficient for the Company to either continue as a going concern and commercialise its nanoparticle technology or to become a shell company. As a result, the Board has no option other than to resume the insolvent liquidation process. Given the Company's current working capital position, the liquidation is being progressed by way of an application to the court for an administration order. Shareholders will receive a further update on the administration process in due course. As at 16 November 2023, trading in the Company's shares on AIM will have been suspended for six months. As a result, in accordance with AIM Rule 41, the admission of the Company's ordinary shares to trading on AIM will be cancelled with effect from 07.00 a.m. on 17 November 2023. As a result of the court application, the Company's nominated adviser and joint broker, SP Angel Corporate Finance LLP, has resigned with immediate effect. Peterhouse Capital Limited has also resigned as joint broker to the Company with immediate effect.

nanosynth group plc Stock Price

NNN Share Price Performance

NNN Community Narratives

Trending Discussion

Recently Updated Narratives

Snowflake Analysis

nanosynth group plc Key Details

About NNN

Recent NNN News & Updates

nanosynth group Announces Admission of its Ordinary Shares to Trading on AIM to be Cancelled with Effect from 07.00 A.M. on 17 November 2023

nanosynth Announces Resignation of Andrew Stedman as Chief Financial Officer

nanosynth group plc Announces Resignation of Mark Duffin from the Board

Recent updates

nanosynth group plc Competitors