REG - ZAIM Credit Systems - Statement re. Suspension

Adalan VenturesAnnouncement

28/09/2022 08:00

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RNS Number : 9685A  ZAIM Credit Systems PLC  28 September 2022

For Immediate Release

28 September 2022

Zaim Credit Systems Plc

("Zaim" the "Company" or the "Group")

Suspension

Zaim Credit Systems plc (the 'Group' or 'Zaim'), the fintech group, announces
it has requested the suspension of the listing in its shares pending an
investigation into the control of Zaim Express LLC ('Zaim Express'). The
Directors have been made aware of a discrepancy with regard to the ownership
of the share capital and is experiencing a lack of effective operating control
over Zaim Express.

Zaim is in the process of exploring options to investigate the facts
surrounding this discrepancy including engaging legal advisers to pursue a
remedy.

The Company will update the market upon conclusion of the investigation in due
course. In the meantime, the Company has requested the suspension of the
listing in the Company's ordinary shares on the Standard Segment of the
Official List, and trading on the London Stock Exchange's Main Market has been
suspended with effect from 7.30 am on the 28 September 2022, pending
clarification of the control of Zaim Express.

 

 

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The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR").

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