10th Sep 2014 17:07
LONDON (Alliance News) - GCP Student Living PLC said Wednesday that it has applied to de-list from the official list of the Channel Islands Securities Exchange Authority Ltd.
The real estate investment trust has a dual listing on the CISEA and the London Stock Exchange, however, it said that after consultation with its legal and financial advisers it has decided that it is "no longer in the interests of shareholders" to maintain the listing due to ongoing costs.
Its shares will continue to be traded on the London Stock Exchange's Specialist Fund Market.
The company expects the de-listing on the CISEA to take effect October 10.
Shares in GCP Student Living closed down 0.01% at 107.49 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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