AsianLogic Aims For Investment Market Delisting


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		AsianLogic Aims For Investment Market Delisting Updated 27 May 09

	Pending shareholder approval, AsianLogic Limited will cease trading on the Alternative Investment Market. "On 19 February 2009, the Company announced that it had initiated a strategic review to determine the most appropriate manner in which to prioritise shareholder value. Following the conclusion of this strategic review the Board has resolved, subject to the approval of Shareholders, to cancel the admission of its Ordinary Shares from trading on AIM," said AsianLogic in a statement. "The Board recognises that not all Shareholders will be able or willing to continue to own Ordinary Shares following the Delisting. Although it is under no formal obligation to do so, the Board is therefore arranging for Collins Stewart to provide Shareholders at the Tender Offer Record Date with the opportunity to sell their Ordinary Shares to the Company (through Collins Stewart) pursuant to the Tender Offer. The price to be paid for each Ordinary Share subject to the Tender Offer is 25 pence." Digg Del.icio.us Reddit StumbleUpon Email this page to a friend Go to the Message Boards Contact the editor

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