News blog
Ambrian Capital
- BY: Andrew Hore |
- POSTED: 15/09/2008 |
Ambrian Capital’s subsidiary Nabarro Wells is resigning from its sixth client since September began.
The Aim adviser announced its resignation as nominated adviser to Crescent Hydropolis, Addworth, Arko Holdings, Jarlway and Personal Screening on 1 September. The latest resignation is as nominated adviser to Delling Group. This will be effective from 14 October. The shares will be suspended if a replacement is not found by then. Delling is talking to potential replacements but if one is not signed up by the middle of November the quotation will be cancelled.
The marketing services provider appointed Dowgate as its broker on 1 July.
Delling plans to gain a quotation in Scandinavia in the first quarter 2009, but it said it would retain its Aim quotation. A secondary quotation will make it easier for Scandinavian investors to deal in the shares.
Delling was profitable at the EBITDA level in the first half. The interim figures should be released in September.
Shares in Delling fell 0.125p to 1.625p each, which values the company at £3.28m.
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