AIM Sees Further 19 Companies Leave Market In February
March 09 2009 - 7:16AM
Dow Jones News
London Stock Exchange Group PLC's (LSE.LN) junior market, the
Alternative Investment Market, or AIM, said another 19 companies
left the market in February, with the majority leaving at their own
request.
Figures from the market show that of the 19 companies, 11 of
those left at the request of the company.
Just two left due to a reverse takeover, while the other six
left due to AIM rules.
Some of those who left the market in February, such as miner
Blackthorn Resources Ltd. (BTR.AU), exploration company Neptune
Minerals PLC and battery developer Multipower ASA, attributed the
move to the costs and regulatory requirements of staying on AIM in
a time of limited liquidity.
Blackthorn said it expects to save more than $175,000 a year as
a result of the AIM cancellation.
February's figures follow the departure of 21 companies in
January, of which nine left at the request of the company.
Company Web site: www.londonstockexchange.com
-By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308;
rachael.gormley@dowjones.com
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