Friday, December 21, 2007
Credit hire firm pulls out of AIM
Bristol & London, the credit hire business, has announced it will withdraw from the AIM market of the London Stock Exchange later this month.
At an EGM this week, a special resolution was passed to approve the company’s share buy-back offer of 15.7p per share and cancel its listing.
The cancellation will become effective by December 28.
In September its directors proposed the de-listing, citing below-expected revenues, lack of growth in its specialist vehicle credit hire operation and difficult trading conditions.
That month it posted a half-year loss of £670,000.
DATED: 21.12.07
FEED: AM
At an EGM this week, a special resolution was passed to approve the company’s share buy-back offer of 15.7p per share and cancel its listing.
The cancellation will become effective by December 28.
In September its directors proposed the de-listing, citing below-expected revenues, lack of growth in its specialist vehicle credit hire operation and difficult trading conditions.
That month it posted a half-year loss of £670,000.
DATED: 21.12.07
FEED: AM
