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LONDON (Alliance News) - Renold PLC on Monday said its AIM shares are due to be admitted to trading on London's AIM market a day later than expected.
Shares in Renold were down 3.1% at 29.11 pence in afternoon trade.
Renold, which supplies industrial chain and power transmission products, will cancel its ordinary and 6% cumulative preference stock from London's Main Market on Friday and admit them to London's AIM market at the same time.
The AIM admission is therefore due to become effective at 0800GMT on Friday morning. Previously, Renold had said it was on track to admit its shares to AIM trading on Thursday.
