REG - UniVision Eng Ltd - Removal of Nomad Status <Origin Href="QuoteRef">UVEL.L</Origin>

UniVision EngineeringAnnouncement

11/10/2017 09:45

RNS Number : 3098T
UniVision Engineering Ltd
11 October 2017
11 October 2017
UniVision Engineering Limited
("UniVision" or the "Company")
Removal of Nomad Status by the Exchange
 
UniVision(AIM; UVEL), the Hong Kong basedgroup whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, announces that it has been informed that that the London Stock Exchange has determined to remove ZAI Corporate Finance's nomad status pursuant to Rule 11 of the AIM Rules for Nominated Advisers ("Nomad Rules") on the basis that it no longer meets the criteria in Nomad Rule 2 - bullet points 3 and 4, being that a nominated adviser must
 have acted on at least three Relevant Transactions during that two-year period;
 employ at least four Qualified Executives and in this regard the Exchange will take in to account the overall experience of the Qualified Executives on an individual basis and as a team.
The removal will take effect at 7am 19 October 2017. At that point the Company's shares will be suspended from trading on AIM, pursuant to AIM Rule 1. 
If it has not by then appointed a replacement nominated adviser within one month of suspension (by 20 November 2017), admission of the Company's shares to trading on AIM will be cancelled.
The Company's board is in talks with potential nominated advisers and is considering all options available to it for the interest of shareholders and hopes to update the market shortly. 
For further information visit www.uvel.com or contact:
UniVision Engineering Limited
Tel: +852 2389 3256
Stephen Koo, Chairman
Chun Pan Wong, Chief Executive Officer
Danny Kwok Fai Yip, Finance Director
www.uvel.com 


Nicholas Lyth, Non-Executive Director
+44 (0)7769 906686


ZAI Corporate Finance Limited 
(Nominated Adviser and Broker) 
Tel: +44 (0)20 7060 2220
Tim Cofman 
www.zaicf.com 



This information is provided by RNS
The company news service from the London Stock Exchange
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