31st May 2016 10:34
LONDON (Alliance News) - Teathers Financial PLC shares will be cancelled from AIM next week, the company announced on Tuesday, as its nominated adviser stepped down.
Teathers said it had planned to publish its 2015 accounts by the end of May but would not be doing this on Tuesday. It does, however, intend publishing the numbers prior to the general meeting which has been requisitioned by the company's shareholders.
Teathers shares were suspended on December 4 after the group failed to implement its investing policy and, as it has still yet to do so, Teathers said it anticipates its shares will be cancelled from trading on AIM on Monday, June 6.
Grant Thornton LLP, the company's nominated adviser, has resigned with immediate effect.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.