BusinessCompany NewsGrant Thornton to resign as Libertas nomad

Grant Thornton to resign as Libertas nomad

GT will step down as Libertas nomad after the company suspended its shares from the AIM index

Grant Thornton is to step down as nominated adviser to troubled financial
services firm Libertas next week.

GT’s decision comes in the wake of Libertas suspending its shares after
negotiations on a possible £8.5m investment from renewable energy group Avis
Energy remained in limbo.

The financial position of Libertas remains unclear until Avis Energy decides
whether to invest.

In
its most recent statement to the city today Libertas said
: The company
announces that it has received notice of Grant Thornton UK LLP’s resignation as
the company’s nominated adviser for the purposes of the AIM rules for companies,
which will take effect from 21 January 2008.

If within one month following the date of resignation, being 20 February
2009, the company has failed to appoint a replacement nominated adviser, the
admission of the company’s shares to trading on AIM will be cancelled.’

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