4th Dec 2015 09:19
LONDON (Alliance News) - Teathers Financial PLC on Friday said its shares have been suspended because it hasn't undertaken a reverse takeover or implemented its investing policy within 12 months of becoming an investing company.
"The company is currently considering all of its options and will continue to work towards the implementation of its investing policy or completion of a reverse takeover. Pending the implementation of its investing policy or completion of a reverse takeover, the shares will remain suspended, and the company is currently seeking advice as to how best to enable shareholders who wish to trade in the company's shares to do so," Teathers said in a statement.
Stock exchange rules dictate that the company's shares will be cancelled from trading on AIM if the investing policy has not been implemented within six months of suspension.
By Samuel Agini; [email protected]; @samuelagini
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