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Matra Petroleum PLC - Delisting and Off-market trading facility

RNS Number : 7669F
Matra Petroleum PLC
29 April 2014
 

Matra Petroleum Plc

("Matra" or "the Company")

 

On 23 April 2014 Matra Petroleum Plc, the oil & gas focused Investing Company, announced that the resolution to approve the cancellation of the admission of the Company's ordinary shares to trading on AIM was duly passed.

 

As previously announced, the Company has set up an off market trading facility, to be available from the delisting date, administered by JP Jenkins (''JPJ'') who will, where possible, match trades in the ordinary shares between willing buyers and willing sellers, acting as a central point for negotiation between UK stockbrokers. JPJ states that it is the oldest and largest exchange platform for unlisted companies.

 

JPJ has informed the Company that a number of stockbrokers have indicated their willingness to help shareholders maintain their unlisted holding in Matra, and, if so required by shareholders, facilitate trading in these shares on JPJ. Therefore any shareholder who requires this service, should contact JPJ directly on the number below or visit http://lmmx.co.uk/2014/04/matra-petroleum-plc-2/ for contact details of these brokers.

 

Shareholders should be aware that the JPJ matched trade service will not offer the same liquidity as AIM as this service is not an investment exchange, nor a public market, nor is it recognised or designated by the Financial Conduct Authority or any other regulatory authority anywhere in the world. Transactions effected by JPJ will be conducted ''off-exchange''.

 

 

 

Contact Details:

 

Matra Petroleum plc c/o Bell Pottinger


Henry Lerwill 

 020 7861 3169



Canaccord Genuity Limited


Henry Fitzgerald-O'Connor

 0207 523 8000









 

Contact Details of JP Jenkins

 

JP Jenkins


Paul Brown

020 7220 9794

Duncan Vasey


 

 

FAQ:

 

Q: As Matra Petroleum Plc ("Matra") is delisting, can you still buy or sell its shares?

 

A: Yes, JP Jenkins ("JPJ") offers a trading facility to buy or sell shares in Matra

 

Q: How do you access the JP Jenkins service?

 

A: the shares of Matra will be trading on JPJ [www.jpjenkins.ltd.uk] from 8 a.m. Thursday 1st May. JPJ will, where possible, match trades in the Ordinary Shares between willing buyers and willing sellers.

 

 

Q: Once Matra has been delisted, will current shareholders get to keep their shares?  If so will they get to keep their share certificates and where will the shares be held? - will they stay with the current broker?

 

A: Shareholders will maintain their holdings in the Company. Shares can be held in either certificated form ("paper") or in CREST. Unless shareholders have been otherwise informed differently, their shares will continue to be held by their current broker, in their current form.

 

Q: How do you trade once Matra has moved to JP Jenkins?

 

A: Shareholders should contact their broker and give them instruction directly. Trades on JPJ can only be executed via a broker that is a member of the London Stock Exchange. Share certificates will need to be deposited with the broker prior to any sell of shares and cash will need to be deposited with the broker prior to any purchases of shares.

 

Q: How does a company delisting effect existing shareholders?

 

A: Each shareholder should seek their own advice from an independent financial adviser in respect of their position however, Shareholders should be aware that the matched trade service will not offer the same liquidity as AIM as such service is not an investment exchange, nor a public market, nor is it recognised or designated by the Financial Conduct Authority or any other regulatory authority anywhere in the world. Transactions effected by JPJ will be conducted ''off-exchange''

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: Matra Petroleum

Price: -

Market: AIM
Market Cap: -
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