Pelatro PLC - London-based provider of its 'mViva' customer engagement software for telecommunications companies - Decides to cancel shares from AIM market in London, citing costs, management time required, and regulatory burden of maintaining a listing. Will announce schedule for the cancellation, including date of general meeting for shareholders to vote on the plan, "in due course". Will put in place a matched bargain facility to help shareholders buy and sell shares after the delisting. Nic Hellyer resigns as chief financial officer. Leaves board immediately but will remain with company to help with the share cancellation and financial reports. Pelatro says Bangalore-based finance function remains unaffected.
Current stock price: 0.89 pence, down 73% on Tuesday morning in London
12-month change: down 96%
By Tom Waite, Alliance News editor
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