24th May 2018 12:47
LONDON (Alliance News) - Gunsynd PLC said Thursday that the proposed AIM stock listing of software as a service company FastBase Inc has been delayed.
The investment company is assisting FastBase with its proposed London flotation.
FastBase admission was targeted to take place in the second quarter of 2018, but has been delayed for several reasons, including a potential corporate transaction and the development of new software.
FastBase is also considering listing on the London Main Market as an alternative to AIM, however a final decision has yet to be made, as well as the appointment of a regulatory advisor.
"It is important for shareholders to understand that whilst we maintain regular dialogue with the companies we are involved with, with respect to potential transactions, decisions are ultimately made by those companies regarding timing and transaction details," said Gunsynd Chairman Hamish Harris.
Shares in Gunsynd were down 5.1% at 0.036 pence each on Thursday.
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