5th Jul 2018 11:21
LONDON (Alliance News) - Shares in Boxhill Technologies PLC plunged Thursday as the company said it experienced a "substantial decline" in payment processing revenue in May and June.
Shares dropped 40% on Thursday, trading at 0.050 pence each.
The company said the decline was due to "a requirement by particular banks to change the nature of transactions they are willing to deal with following regulatory changes."
Boxhill said it is taking a number of steps to address the issue.
The company will hold its annual general meeting on July 31.
Related Shares:
Boxhill Technologies