LONDON (Alliance News) - Natural resource investor Doriemus PLC on Tuesday said its shares will be cancelled from AIM later this month after it failed to implement its investing policy in time.
The company said it has made the decision not to exercise its option to acquire a further 61% stake in Greenland Oil & Gas PLC, meaning it will neither have completed a reverse takeover nor implemented its investing policy under AIM rules.
Due to this, shares in the company will be cancelled from AIM on March 14.
Doriemus said, however, it has applied to list its shares on the ISDX Growth Market and expects admission to take place the day after its AIM shares stop trading.
Doriemus shares on AIM are currently suspended from trading.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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