REG - i(x) Net Zero PLC - Secondary Trading Following Cancellation

I (X) Net ZeroAnnouncement

31/07/2024 10:00

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RNS Number : 5726Y  i(x) Net Zero PLC  31 July 2024

31 July 2024

i(x) Net Zero PLC

("i(x) Net Zero" or the "Company")

Secondary Trading on Asset Match Following Cancellation

i(x) Net Zero announces details of the secondary market trading facility that
will be in place following the cancellation of trading on AIM of its Ordinary
shares ("Cancellation"), following approval by shareholders at the General
Meeting held on 19(th) July 2024.  The Cancellation will take effect from
7.00 a.m. on 1(st) August 2024.

The Company has now appointed Asset Match (www.assetmatch.com
(http://www.assetmatch.com) ) to facilitate trading in the Ordinary Shares
following Cancellation. Asset Match, a firm authorised and regulated by the
Financial Conduct Authority (FRN 579310), will operate an electronic
off-market dealing facility for the Ordinary Shares. This facility will allow
existing holders of Ordinary Shares in the Company ("Shareholders") and new
investors to trade Ordinary Shares by matching buyers and sellers through
periodic auctions.

Investors are encouraged to register on www.assetmatch.com
(http://www.assetmatch.com) and add i(x) Net Zero to their 'Watchlist' to
continue to receive Company updates and auction/price information.

The Secondary Market Trading Facility is expected (but is not certain) to
operate for a minimum of 12 months after the Cancellation. The Directors'
current intention is that it will continue beyond that time, but Shareholders
should note that it could be withdrawn and therefore inhibit the ability to
trade the Ordinary Shares.

The Asset Match trading facility operates under its own code of practice which
governs the behaviour of participants and the running of the periodic
auctions. Asset Match operates an open auction system where volumes of bids
and offers at different prices are displayed on its website together with the
closing date of the auction. At the end of each auction period, Asset Match
passes this information through a non-discretionary algorithm that determines
a "market-derived" share price based on supply and demand and allocates
transactions accordingly. Bids and offers may be made and withdrawn at any
time before the closing date of each auction.

Shareholders will continue to be able to hold their shares in uncertificated
form (i.e. in CREST) and should check with their existing stockbroker whether
they are willing or able to trade in unquoted shares. Shareholders wishing to
trade shares through Asset Match must do so through a stockbroker. A
comprehensive list of stockbrokers who have signed up to access the Asset
Match platform is available on request..

Full details will be made available to Shareholders on the Company's website
at https://ixnetzero.com/
(https://url.avanan.click/v2/___https:/ixnetzero.com/___.YXAzOml4bmV0emVybzphOm86MWI5YTUyZmU4NmZiYWI5OGVjZjRmZWM5ZWRkZjg5OTE6NjpjYzE3OjFhMDNjOTMyMzEzNzkxYzkxY2QxYjg4YWRmYmExMjg5Y2FiNWM1YTQxYmExMjVlNDBhYTVjM2Q0YjZjZTI4NGQ6cDpU)
  and directly by letter or e-mail (where appropriate). Shareholders may
contact Asset Match in relation to any queries regarding trading via the
secondary market trading facility by emailing dealing@assetmatch.com.

 

 

 

 i(x) Net Zero                                Via Buchanan below
 Pär Lindström - Chief Executive Officer
 Jonathan Stearns - Chief Financial Officer

                                              +44 20 7523 8000

 Canaccord Genuity Limited

 Nominated Adviser & Broker
 Max Hartley
 Harry Pardoe

 Burson Buchanan
 Helen Tarbet                                 +44 7872 604 453
 Simon Compton                                +44 7979 497 324
 Abby Gilchrist                               +44 7557 952 223

 Asset Match Limited                          +44 20 7248 2788
 Ben Weaver
 Hannah Woodley

 

 

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