TIDMCTNO 
 
RNS Number : 0871N 
Cantono PLC 
10 February 2009 
 

 
 
Cantono PLC ("Cantono" or the "Company") 
10 February 2009 
Notice of de-listing 
The Company announces that a circular was sent to shareholders yesterday to 
convene a general meeting for 25 February 2009 to seek shareholder approval for 
the cancellation of admission to trading of the Company's ordinary shares of 1p 
each ("Ordinary Shares") on the AIM market of the London Stock Exchange ("the 
Resolution"). Subject to the passing of the Resolution by shareholders, the 
Company's shares will de-list on 11 March 2009. 
 
 
Following careful consideration, the directors of the Company ("the Directors") 
have concluded that it is no longer in the best interests of the Company or its 
shareholders to maintain the admission to trading on AIM of the Ordinary Shares. 
The current economic crisis has led to significant falls in the values of the 
global stock markets, which have been exaggerated in small cap, low liquidity 
stocks. 
 
 
It is the opinion of the Directors that in the acute stock market turmoil the 
Company's current market capitalisation has become completely disassociated from 
the inherent value of the Company. Whilst there are many factors affecting a 
company's share price the generally depressed nature of the IT sector has been 
compounded by the Company's small free float resulting in very low liquidity. 
This is evidenced by the fact that the Company's share price has declined by 
almost 96 % between 13 February 2008 and 6 February 2009, being the latest 
practicable date prior to the date of this document, with an average daily 
volume of less than 0.13% of the issued Ordinary Shares being traded during that 
same period. 
 
 
The Directors also believe that the Company's continued admission: 
  *  results in significant direct costs to the Group, which management estimate to 
  be in excess of GBP200,000 per annum; 
 
  *  results in a disproportionate amount of senior management time being spent in 
  meeting the AIM Rules and related regulatory requirements, including reporting, 
  disclosure and corporate governance requirements; and 
 
  *  may no longer serve a useful function in terms of access to capital or the 
  ability to use the shares of the Company to effect acquisitions. 
 
 
 
For the reasons set out above, the Directors consider that the cancellation will 
promote the success of the Company and is in the best interests of the Company 
and its shareholders as a whole. Accordingly, the Directors unanimously 
recommend Shareholders to vote in favour of the Resolution as they have 
irrevocably undertaken to do so in respect of their own beneficial holdings of 
762,561 Ordinary Shares, representing approximately 2.54 per cent. of the entire 
issued share capital of the Company. 
 
 
For further information please contact: 
 
 
Cantono PLC 
Eamus Halpin, Chief Executive                           01895 444 420 
 
 
Brewin Dolphin Investment Banking 
Neil Baldwin, Director                                   0845 270 8612 
 
 
ENDS 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUROURKBRUAAR
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