|
|
|
QuestAir to de-list from London's AIM stock exchange |
|
|
|
Monday, 08 December 2008 |
|
Burnaby's QuestAir Technologies Inc. (TSX:QAR) plans to de-list its shares from London's Alternative Investment Market citing low trading volume. The developer and supplier of proprietary gas purification systems said it couldn't justify the costs associated with an AIM listing given its stronger North American shareholder base. QuestAir's last day of trading on the AIM will be January 7, 2009, after which AIM shareholders will need to move their holdings from the CREST Depositary Interest register in the U.K. to become tradable on the TSX. The company initiated its AIM listing in December 2004, which was at the same time it went public on the TSX. Initially, it had hoped to attract the attention of specialized funds in the U.K. that invested in alternative energy technologies. But, given the institutional nature of investors on AIM, trading volumes were low and the company's main base of retail investors remained in North America. QuestAir's share price range during the past week: between $0.19 and $0.21; 52-week high: $5; 52-week low: $0.14.
|
|
About Business in Vancouver
 Business in Vancouver is an award-winning weekly newspaper serving Greater Vancouver since 1989. Designed for business decision-makers, it provides local business news and information to the Lower Mainland's business leaders every week, and online every day.
For subscribers only: Register here to have our local business news newsletters, weekly ordaily, emailed to you. Business leaders get it. Business in Vancouver is much more than a few news stories. Online access to over 15 years of news archives and in-depth magazine publications give you local business intelligence for that extra edge that will help you stay informed, educated, and successful. Lists and directories with the contact information of the people who make the important decisions give you resources you need to keep your business growing. Click here to take a six-week trial subscription to Business in Vancouver, and see for yourself. Other business resources online:
|
