Following the capital reorganisation in 2020, the Directors have been holding discussions with a number of parties to raise additional funding for the Company. As a result, the Company is today anouncing a placing in conjunction with Board changes which the current directors believe will enable Angelfish to move forward for the benefit of all shareholders. The Company announces that, following the completion of the Annual General Meeting to be held today at 12 noon, Brian Jones and Ken Hillen will resign as Directors of the Company with immediate effect and that, Mr Simon Grant-Rennick will be appointed as Executive Chairman and Mr Burns Singh Tennent-Bhohi as Executive Director. In addition Richard Walker will become a non-executive director.
Further to the announcement of 2 March 2021, Mountfield Group Plc announces, , the completion of the disposal of Mountfield Building Group Limited ( MBG ) and Connaught Access Flooring Holdings Limited ( Connaught ) ( Completion ) and directorate changes. Following Completion, the Company has been designated as a Cash Shell pursuant to AIM Rule 15. As such, the Company must make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) within six months failing which trading in the Company s shares on AIM will be suspended pursuant to Rule 40 of the AIM Rules. Admission to trading on AIM would be cancelled six months from the date of suspension, should the reason for the suspension not have been rectified.