Completion of Demerger of Plutus Energy Limited Admission of Placing Shares and Debt Capitalisation Shares AIM Rule 15 status
The Board of Plutus is pleased to announce that, further to its announcement of 4 December 2020, the demerger of Plutus Energy Limited completed today.
Admission of the 3,000,000,000 Placing Shares and 1,390,470,000 Debt Capitalisation Shares to trading on AIM became effective at 8.00 a.m. this morning. AIM Rule 15 Cash Shell Status Pursuant to the successful completion of the Demerger, the Company has become an AIM Rule 15 Cash Shell and, in accordance with Rule 15 of the AIM Rules, the Company will be required to make an acquisition, or acquisitions, which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission under the AIM Rules for Companies) within six months from today. Alternatively, within such time period, the Company can seek to become an investing company pursuant to AIM Rule 8, which