NBNK Investments being delisted, wound up

21st Jun 2016 15:55

(ShareCast News) - NBNK Investments was reaching the end of its life on Tuesday, with shareholders passing a winding-up resolution at a general meeting held during the afternoon.The AIM-traded company said Malcolm Cohen and Sarah Rayment of BDO LLP have been appointed as joint liquidators, "for the purposes of winding the company up by way of a member's voluntary liquidation."Trading in NBNK's shares was suspended from 0730 BST on Tuesday morning, with the firm's admission to be cancelled at 0730 on Wednesday.The board of NBNK had announced on 7 January that it was in discussions with target companies which, if acquired, would fulfil its investing policy.On 11 April it revealed that negotiations with potential targets did not produce an acquisition proposition capable of being recommended to shareholders for approval."As a consequence, and in accordance with the company's previously stated intention, the directors have resolved that it is now appropriate to return unused funds to shareholders and/or to wind up the company," its board said in a statement at the time.