Neteller, may face time pressure due to the imposition of stock exchange rule 41 which issues a specific time period for the suspended shares. Neteller suspended its shares from trading on the London AIM Exchange two months back following the arrest of two of its founders and leading shareholders.
Stock exchange officials said that Rule 41 governs the amount of time an AIM COMPANY’s shares can continue to be suspended. This requires that "The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months.
"We would also like to note that during the period when the AIM company is suspended we would still expect it to meet its continuing obligations under the AIM Rules and therefore keep the market informed of any further developments concerning its position as required by the AIM Rule disclosure principles" stock exchange officials also added while answering a press enquiry.
February 24, 2007, 5:33 pm (4 years ago)
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