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On 20 May 2024, Raj Mittal and Benjamin Jones of FRP Advisory Trading Limited were appointed as administrators to Chamberlin plc's two trading subsidiaries, Chamberlin & Hill Castings Limited and Russell Ductile Castings Limited, which have been placed into administration. Following this, Cavendish Capital Markets Limited resigned as Nominated Adviser and Joint Broker to Chamberlin plc with immediate effect, and the Company's ordinary shares remain suspended from trading.
| Date | 20 May 2024 |
| Time | 17:02:35 |
| Category | Corporate updates |
| ID | 1637P |
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 Kevin Price, Chief Executive |
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T: 01922 707100 |