1st Mar 2016 10:27
LONDON (Alliance News) - Financial services company Canaccord Genuity Group Inc on Tuesday said it will delist from London, instead focusing on its Canadian listing in Toronto.
The group will delist from London at the end of March, saying that given the limited liquidity in its London-listed shares, the "costs and administrative burden" of maintaining a listing on the London Main Market are "disproportionate to the benefits thereof."
Its shares will cease trading at the end of play on March 31.
Canaccord shares were untraded in London on Tuesday, having last traded at 157.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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