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Resignation of Nominated Adviser and Broker

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RNS Number : 9720G
Arricano Real Estate PLC
09 November 2018

9 November 2018

Arricano Real Estate plc

("Arricano" or the "Company")

Resignation of Nominated Adviser and Broker

Arricano (AIM: ARO) announces that Smith & Williamson Corporate Finance Limited, the Company's nominated adviser, has served notice on the Company that it will resign as the Company's nominated adviser and broker with effect from 23 November 2018 ("Effective Date").


The Company is in advanced discussions with an alternative nominated adviser firm and expects to appoint such firm prior to the Effective Date. Pursuant to AIM Rule 1, in the event that a replacement nominated adviser is not appointed by the Company by the Effective Date, trading in the Company's ordinary shares will be suspended and in case no replacement nominated adviser is appointed by the Company within one month thereafter, trading in the Company's ordinary shares will be cancelled.


A further announcement on the appointment of a new nominated adviser will be made in due course.


This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.



For further information please contact:



Arricano Real Estate plc

Mykhailo Merkulov



Tel: +380 44 569 6708

Financial PR:

Novella Communications Limited

Tim Robertson/Toby Andrews



Tel: +44 (0)20 3151 7008

Nominated Adviser and Broker:

Smith & Williamson Corporate Finance Limited

Azhic Basirov



Tel: +44 (0)20 7131 4000


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