Analyst Investment Management PLC (the "Company")
Cancellation of admission to trading of the Company's ordinary
shares
At the Company's Annual General Meeting held on 22nd May 2012 a Special Resolution was duly
passed to cancel the admission of the Company's ordinary shares of
2.5 pence each to trading on ISDX
Growth Market (formerly the `Plus Market'). The consent of votes
cast by shareholders at the Annual General Meeting exceeded 75% of
all shareholders.
Accordingly, the directors of the Company announces that the
cancellation will become effective from 10.00 am on 30th April
2013.
Shareholders will be able to carry out dealings in the ordinary
shares on ICAP up to the close of business on 29th April 2013.
The directors are aware that after the forthcoming cancellation
there will be no market for dealing in the ordinary shares. They
will, however, investigate the possibility of alternative
arrangements and, if this is successful, shareholders will be
informed.
The cancellation has been under consideration by the directors
for some time. The main problems have been the lack of liquidity
for the Company's ordinary shares, which resulted in minimal
trading demand, and the high costs and administrative expenses. The
directors believe these expenses can no longer be justified.
Enquires:
Mr Bharat Amin, Chairman
49 Wokingham Road
Reading
Berkshire
RG6 1LG