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LONDON - The Financial Conduct Authority (FCA) has announced the temporary suspension of Seed Capital Solutions Plc’s shares from the Official List, effective today. The suspension was initiated at the company’s request and took effect at 7:30 AM.
Seed Capital Solutions Plc, which falls under the equity shares category for shell companies, had its ordinary shares of GBP0.0025 each fully paid temporarily halted from trading. The securities in question are listed with the ISIN GB00BL6CFR81.
The suspension notice, issued by the FCA’s Issuer Management, does not detail the reasons behind the company’s decision to seek a halt in trading its shares. The FCA is responsible for the oversight of the UK’s financial markets and has the authority to suspend trading in securities when requested by the company or if it deems necessary for the protection of investors.
The London Stock Exchange (LON:LSEG), where the securities are admitted to trading, and other Recognised Investment Exchanges, such as Aquis Stock Exchange, Euronext (EPA:ENX), Cboe Europe, Shanghai-London Stock Connect, and IPSX Prime, will be affected by this suspension.
Investors holding shares in Seed Capital Solutions Plc will be unable to trade their shares until the suspension is lifted. The duration of the suspension and the conditions for its resolution or continuation have not been disclosed.
The FCA’s notice did not provide any additional information regarding the circumstances leading to the suspension or any potential implications for shareholders and the market. As per standard regulatory procedures, the FCA and the London Stock Exchange will likely release further details in due course.
This information is based on a press release statement from the London Stock Exchange’s news service RNS, which is approved by the Financial Conduct Authority in the UK.
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