3rd Jun 2014 11:47
LONDON (Alliance News) - Crystal Amber Fund Ltd Tuesday said it intends to cancel its listing on the Channel Islands Securities Exchange, but will remain on the London Stock Exchange's AIM market.
Crystal Amber said it no longer needs its shares to be listed on the CISE due to regulatory changes that mean investors can hold some or all of their individual savings account allowances in AIM shares. Previously, the fund's shares were only eligible for ISAs due to being listed on CISE.
Crystal Amber said the cancellation of the listing will reduce its costs as it will no longer have to pay the administrative and compliance costs related to the CISE listing.
The shares' listing on CISE is expected to be cancelled on July 1.
Crystal Amber shares were Tuesday quoted at 150.1 pence, down 0.6%.
By Samuel Agini; [email protected]; @samuelagini
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