||EPS - Basic
||Market Cap (m)
|Health Care Equipment & Services
Real-Time news about Medic Vision (London Stock Exchange): 0 recent articles
|topinfo: Only [email protected] release news like this at 1630pm, not in it but feel for holders, another one bites the dust!
Cancellation of Admission to AIM (Medic Vision)
RNS Number : 0701D
Medic Vision Limited
25 November 2009
Medic Vision Limited
("Medic Vision" or the "Company")
Statement re Cancellation of Admission to AIM
London, 25 November 2009
The Board of Medic Vision announces that it intends to cancel the admission of
its ordinary shares to trading on the AIM market ("AIM") of the London Stock
Exchange plc (the "Cancellation").
Medic Vision listed on the official list of the Australian Securities Exchange
(the "ASX") on 29 May 2002. It subsequently obtained a dual listing on AIM on 16
Given the recent trading and share price performance of the Company, the Board
has recently undertaken a review of the benefits and disadvantages of the
Company maintaining a dual listing on AIM, recognising, inter alia, the
following key factors:
* the costs associated with maintaining the AIM listing and commensurate public
* the additional management time, legal and regulatory burdens associated with
maintaining the dual listing on AIM.
Having undertaken this review and in light of the factors set out above, the
Board has concluded that it is no longer in the best interests of the Company,
or its shareholders taken as a whole, to maintain a dual listing on AIM.
In accordance with Rule 41 of the AIM Rules for Companies, the Company hereby
gives notice that the Cancellation is expected to become effective at 7.00 a.m.
(UK time) on 24 December 2009, being 20 business days from the date hereof. The
Company intends to maintain its listing on the ASX following the
Cancellation, providing shareholders with a comparable dealing facility via an
AIM designated market.
In light of the Cancellation, the appointment of Strand Hanson Limited and
Astaire Group Plc, as the Company's Nominated Adviser and Broker respectively,
will be terminated with effect from the date of Cancellation.
For further information contact:|
Medic Vision share price data is direct from the London Stock Exchange