REG - Chamberlin PLC - Appointment of Administrators & Nomad Resignation

ChamberlinAnnouncement

20/05/2024 17:15

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RNS Number : 1637P  Chamberlin PLC  20 May 2024

20 May 2024

 

Chamberlin plc

("Chamberlin", the "Company" or the "Group")

 

Appointment of Administrators and Resignation of Nominated Adviser

 

Further to the announcement dated 10 May 2024, Chamberlin plc (AIM: CMH.L),
the specialist castings and machining group, announces that Raj Mittal and
Benjamin Jones of FRP Advisory Trading Limited ("FRP") have been appointed as
administrators of the Company's two trading subsidiaries, Chamberlin &
Hill Castings Limited ("CHC") and Russell Ductile Castings Limited ("RDC"),
which have been placed into administration.

 

Resignation of Nominated Adviser

 

Consequently, Cavendish Capital Markets Limited has informed the Company of
its intention to resign as Nominated Adviser and Joint Broker to Chamberlin
plc with immediate effect. The Company's ordinary shares remain suspended from
trading and pursuant to AIM Rule 1, if a replacement Nominated Adviser is not
appointed within one month, the admission of the Company's ordinary shares to
trading on AIM will be cancelled.

 

 

Enquiries:

 

 Chamberlin plc                   T: 01922 707100

 Kevin Price, Chief Executive

 

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