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Edenville Energy's Nomad relinquishes power

Published by , Assistant Editor
World Coal,

Edenville Energy Plc, the AIM quoted company developing a coal project in southwest Tanzania, has announced that the Directors have been advised by its current nominated adviser (Nomad), Northland Capital Partners Limited (Northland) of its proposed merger with SP Angel Corporate Finance LLP (SP Angel). Northland has voluntarily agreed to relinquish its Nomad status and will be removed from the register of Nomads with effect from 7am on 1 February 2019.

As a result, it is the intention of the Directors to transition the company’s Nomad role from Northland to SP Angel. This process has already started and at present the company anticipates a smooth and orderly transition of the Nomad role.

However, the company recognises that the merger remains subject to regulatory approvals and due diligence. In accordance with AIM Rule 1, if in the event that the company fails to appoint a new Nomad by 1 February 2019 the Exchange will suspend trading in the company’s AIM Securities. In the event that the company has failed to appoint a replacement Nomad by 4 March 2019 the admission of its AIM Securities will be cancelled.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU).

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