(Alliance News) - Shares in Bould Opportunities PLC have been suspended on London's AIM with effect Monday morning, as it missed its deadline to either trade as an investment company or make an acquisition.
Bould, formerly known as Photonstart LED Group, was classified as a cash shell on April 5 following the receipt of shareholder approval to close down its operating subsidiary.
After this, Bould become a cash shell, and was given a period of six months to either be readmitted to trading as an investment company or make an acquisition constituting a reverse takeover under AIM rules.
As Bould has done neither, its shares have been suspended, and has been given another deadline of six months to make an acquisition. If no such deal is completed, Bould shares will be cancelled from trading.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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