News blog
Ambrian Capital
- BY: Andrew Hore |
- POSTED: 03/11/2008 |
Three companies had their Aim quotation cancelled this morning after failing to find a replacement for Nabarro Wells, the Ambrian Capital subsidiary, as their nominated adviser.
China-based concrete pumping equipment supplier Jarlway had said it would not look for a replacement.
Crescent Hydropolis said it was looking for a replacement but did not find one in time.
Addworth says that it intends to move to Plus-quoted and is talking to potential Corporate Advisers. The investment company said that it considered the ongoing costs of an Aim quotation and plumped for the move. This will help cut admin costs. Management is considering an interim matched bargain facility prior to admission to Plus-quoted. There will be a circular sent to shareholders which will outline a restructuring of the business.
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