17th Mar 2015 13:06
LONDON (Alliance News) - Oil and gas company Serica Energy PLC on Tuesday said it has applied to voluntarily delist its shares from the Toronto Stock Exchange, but it will retain its AIM listing in London.
The company said it has decided to delist the shares in Toronto as the minimal trading of its shares on the exchange no longer justifies the expense and administrative efforts required to maintain a dual listing.
It said the delisting is part of a wider set of measures it is undertaking in order to cut its overall costs.
Shares in Serica were trading flat at 3.00 pence on AIM Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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