News Column

Eredene Capital Considering AIM Delisting

August 12, 2014

Samuel Agini

LONDON (Alliance News) - Eredene Capital PLC Tuesday said it is considering the cancellation of the admission of its shares to trading on AIM in order to further reduce operating costs and better achieve its divestment strategy.

In a statement, the Indian infrastructure investor, which is in the process of realising its assets, said its net asset value attributable to equity shareholders was GBP27.8 million at the end of March 31, also the end of its financial year. This compares against the GBP67.0 million NAV attributable to equity shareholders at the same stage a year earlier. However, on a per share basis this represents a fall to 11.30 pence from 18.52 pence.

Eredene shares were Tuesday untraded at 5.25 pence.

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Source: Alliance News

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