Ridgecrest Plc (NAK.L) Share Price & News

Ridgecrest plc announced on 5th January 2021 the completion of the disposal of its operating businesses to Sanderson Group and accordingly the change of the Company’s status to an AIM Rule 15 cash shell. As an AIM Rule 15 cash shell the Company is required to make an acquisition or acquisitions constituting a reverse takeover under AIM Rule 14 on or before the date falling six months from becoming a cash shell 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) failing which, the Company's ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading of the Company's ordinary shares on AIM would be cancelled six months from the date of any suspension should the suspension not have been lifted beforehand.

The Company is incorporated in the UK and its main country of operation is the UK.