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ZBO - Zibao Metals Recycling Holdings News Story

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Last Trade - 20/02/20

Basic Materials
Micro Cap
Market Cap £488k
Enterprise Value £-251k
Revenue £33.9m
Position in Universe 1820th / 1838

Zibao Metals Rec Hol - Removal of Nomad Status

RNS Number : 2852T
Zibao Metals Recycling Holdings PLC
11 October 2017

11 October 2017

Zibao Metals Recycling Holdings PLC
(The "Company")

The Company today 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 hopes to update the market shortly.

For further information please contact:

Zibao Metals Recycling Holdings PLC Tel: +852 2769 7662

Wenjie "Joe" Zhou, Chairman www.zibaometals.com

Jianfeng "Eddy" Li, Chief Executive Officer

Chor Wei "Alan" Ong, Finance Director

ZAI Corporate Finance Limited Tel: +44 (0) 20 7060 2220

(Nominated Adviser and Broker)

Ray Zimmerman/Tim Cofman www.zaicf.com

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