October 24, 2016 11:02 PM ET


Company Overview of NBNK Investments PLC

Company Overview

NBNK Investments plc does not have significant operations. It focuses on acquiring a European financial institution. The company was formerly known as De Facto 9999 plc and changed its name to NBNK Investments plc in August 2010. NBNK Investments plc was incorporated in 2010 and is based in London, the United Kingdom.

100 Wood Street

Fifth Floor

London,  EC2V 7EX

United Kingdom

Founded in 2010


44 20 7600 1444

Key Executives for NBNK Investments PLC

Strategy Director
Compensation as of Fiscal Year 2016.

NBNK Investments PLC Key Developments

NBNK Investments PLC Announces Cancellation Of Trading on AIM For The Ordinary Shares

NBNK Investments PLC announced that at the request of the company trading on AIM for the ordinary shares of 10 pence each, fully paid have been cancelled from June 22, 2016 7:00am, pursuant to AIM Rule 41.

NBNK Investments Intends To Cancel Admission Of Its Ordinary Shares To Trading On AIM

NBNK Investments plc announced its intention to cancel the admission of its ordinary shares to trading on AIM with effect from 7:00 a.m. on 22 June 2016. The Company announced on 11 April 2016 that it was unable to progress any of the discussions with target companies which, if one or more of the targets had been acquired, would have fulfilled the Company's investing policy.  It was also announced that the Directors had resolved that it was appropriate to return unused funds to shareholders and/or to wind up the Company.  Consequently, the Directors have determined that it is appropriate to recommend that the Company enters into a members' voluntary liquidation and consequently that the Company cancels its admission to AIM. A notice of General Meeting to be held on 21 June 2016 will be sent to shareholders on or around 26 May to approve the resolutions required for the liquidation process and for the cancellation to trading on AIM. Subject to the passing of the Resolutions by the requisite majority, admission of the Ordinary Shares to trading on AIM will be cancelled with effect from 7.00 a.m. on 22 June 2016, following which the Company's ordinary shares will no longer be tradeable. The Ordinary Shares will be suspended from trading at 7.30 a.m. on 21 June 2016 in advance of the General Meeting, as the commencement of the liquidation process will render the Company inappropriate for admission to trading on AIM.  No mechanism to enable Ordinary Shares to be traded following cancellation will be made available to shareholders and the Ordinary Shares will not be transferable once the Company enters liquidation without the consent of the liquidators. In addition, on the winding-up of the Company, the Warrants will lapse in accordance with the terms of the Warrant Instruments. The Ordinary Shares will be disabled in CREST immediately following the appointment of the liquidators at the General Meeting. Following completion of the liquidation process, any existing certificates in respect of Ordinary Shares will cease to have any value and any existing credit of Ordinary Shares in any stock account of CREST will become redundant.

NBNK Investments PLC Reports Audited Earnings Results for the Full Year Ended December 31, 2015

NBNK Investments PLC reported audited earnings results for the full year ended December 31, 2015. The company reported a wider pretax loss for 2015. The company announced its pretax loss for the year to the end of December was GBP 271,000 compared to GBP 182,000 a year earlier, mainly due to higher administrative costs. Interest income was GBP 49,000 compared to GBP 50,000 a year ago. Operating loss was GBP 271,000 compared to GBP 201,000 a year ago. Loss for the year was GBP 271,000 or 0.005 pence per basic share, compared to GBP 182,000 or 0.004 pence per basic share, a year ago. Cash flow from operating activities was GBP 269,000 compared to GBP 194,000 a year ago.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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