Source - LSE Regulatory
RNS Number : 2568N
Ridgecrest PLC
28 January 2021
 

28 January 2021

    Ridgecrest plc

 

("Ridgecrest" or the "Company")

 

Suspension of trading

 

Ridgecrest, an AIM Rule 15 cash shell, notes the London Stock Exchange's (the "Exchange") Market Notice N04/21 released following the suspension in trading of the Company's Ordinary Shares at 10.30 a.m. this morning.  

 

The Notice makes the following statements:

 

1.  London Stock Exchange ("the Exchange") has been monitoring the settlement situation in Ridgecrest PLC (ISIN: GB0004251970) following the Company's recent notifications in relation to the issue of new shares which are conditional on shareholder consent. As a result of the deterioration in settlement performance, the trading of Ridgecrest PLC shares has been temporarily suspended under Rule 1510 of the Rules of the London Stock Exchange. Settlement of outstanding transactions can continue whilst the security is suspended. The Exchange will continue to monitor the settlement situation and when trading is to be restored, the market will be notified by Stock Exchange Notice.

2.    Rule 5000 (Obligation to settle) and its associated guidance places an obligation on member firms to ensure that every on Exchange trade is duly settled on the agreed settlement date. This obligation remains even if the reason for non-settlement is a customer or counterparty having failed to settle other transactions in the same security.

 

 

The Notice can be viewed at: https://docs.londonstockexchange.com/sites/default/files/documents/n0421.pdf 

 

The timing of restoration of trading in the Company's shares will be determined by the Exchange.

 

Enquiries:

 

Ridgecrest plc

www.ridgecrestplc.com

Robert Thesiger, Chairman

07714 502807

Allenby Capital Limited (Nominated Adviser and Joint Broker)

020 3328 5656

Nick Naylor / Liz Kirchner (Corporate Finance)

Guy McDougal (Sales and Corporate Broking)

 

Peterhouse Capital Limited (Joint Broker)

020 7469 0930

Lucy Williams / Duncan Vasey

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
SRSPPUMGGUPGGCR
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts