LONDON (Alliance News) - AIM-listed Polo Resources Ltd Friday said its ordinary shares were delisted from the Bermuda Stock Exchange, a move that will facilitate the removal of stamp duty on dealings in its AIM-listed stock.
"Following a change in the UK tax rules, UK investors can now hold AIM listed shares in an Individual Savings Account and as such the company has decided to voluntarily withdraw its listing from the BSX. The delisting will also facilitate the removal of stamp duty and/or stamp duty reserve tax on transactions in Polo's ordinary shares," it said in a short statement.
Its AIM shares were up 2.6% at 13.08 pence Friday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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