On December 4, the London Stock Exchange plc (LSE) imposed a public censure on Minmet plc (Minmet) for breaches of Rules 10, 11, 12, 13, 14 and 31 of its Alternative Investment Market (AIM) between October 2006 and January 2008.

The breaches related to various transactions with respect to which Minmet failed to: (i) release announcements without delay regarding a reverse takeover and certain substantial and/or related party transactions; (ii) include material information in certain announcements; (iii) comply with the AIM Rules concerning reverse takeovers; and (iv) properly liaise with its AIM nominated adviser (Nomad).