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Cantono

  • BY: Andrew Hore |
  • POSTED: 09/03/2009 |

Data centre operator Cantono has failed to get shareholder backing for its plan to leave Aim.

The general meeting was originally planned for 25 February 2009 but it was adjourned until 9 March.

Cantono needed to gain approval from 75% of the shares voted at the meeting and the adjournment was to give the board time to persuade shareholders that the cancellation of the Aim quote was the correct move for the company.

The continued Aim quotation has perked up the shares which rose 0.15p to 0.73p each, valuing Cantono at £220,000. The company’s net asset value was £3m at the end of November 2008.

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