REG - Bidstack Group PLC - Appointment of Administrators & Nomad Resignation

BidstackAnnouncement

22/03/2024 13:15

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RNS Number : 0086I  Bidstack Group PLC  22 March 2024

Certain information contained within this Announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this Announcement, this information is now considered to be in
the public domain.

22 March 2024

Bidstack Group Plc

("Bidstack" or the "Company" or the "Group")

Appointment of Administrators

Resignation of Nominated Adviser

The Company confirms that, further to its announcement on 11 March 2024, the
Board of Bidstack has now appointed Paul Berkovi and Mark Granville Firmin of
Alvarez & Marsal Europe LLP as administrators to the Company.

 

The Company also announces that, as a result of the Company appointing
administrators, SPARK Advisory Partners Limited has informed the Company of
its resignation as Nominated Adviser with immediate effect. Pursuant to AIM
Rule 1, if a replacement Nominated Adviser is not appointed within one month
of today's date, the admission of the Company's shares to trading on AIM will
be cancelled. The Company has no current intention of appointing a replacement
Nominated Adviser.

 

Trading in Company's ordinary shares on AIM was suspended on 11 March 2024.

 

The administration team can be contacted on INS_BIDSGP@alvarezandmarsal.com.

 

Further announcements will be made as appropriate.

 

-ENDS-

 

Contacts

 Bidstack Group Plc                               Via Alvarez & Marsal Europe LLP

 Alvarez & Marsal Europe LLP (Administrator)      +44 (0) 20 7715 5200

About Bidstack

Bidstack's technology empowers video game publishers to monetise and manage
spaces within their virtual environments.  Its platform provides real-time
reporting, dynamic targeting and player communication tools for brand
activations and fan engagement.

 

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