Business
Mood Media Corporation ("Mood Media" or the "Company") - Cancellation of Admission to Trading on AIM
TORONTO , Jan. 30, 2015 /CNW/ - Mood Media today announces that the admission of its ordi...
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\nTORONTO, Jan. 30, 2015 /CNW/ - Mood Media today announces that the admission of its ordinary shares to trading on the AIM Market of London Stock Exchange plc (\"AIM\") will be cancelled with effect from 7.00 a.m. GMT on 2 March 2015. The last trading day on AIM will be 27 February 2015. The Company will continue to maintain its listing on the Toronto Stock Exchange (\"TSX\").\n\nThis decision has been made following a careful review of its AIM quotation by Mood Media's Board of Directors (the \"Board\"). The Board considers that the current and potential future benefits the Company could obtain from the quotation are exceeded by the costs incurred to administer the additional regulatory compliance requirements and to maintain the AIM quotation. In making the decision, the Board has given particular consideration to the changes in Mood Media's strategic focus and share register. The Board looks forward to the continued support of its current AIM shareholders through its TSX listing, which will continue to be the primary trading venue for the Company's shares.\n\nFurther information on the cancellation of admission to trading on AIM\n\nComputershare Investor Services plc, acting in its capacity as share registrar and custodian to holders of Depository Interests (\"DIs\") in Mood Media, will be writing to all DI holders on 30 January 2015 to advise them of the cancellation process.  \n\nMood Media's last trading day on AIM will be 27 February 2015. Up to and until this date, Mood Media's shares will continue to be traded on AIM. Following cancellation, DI holdings in Mood Media will be transferred to the Canadian based share register maintained by Computershare Investor Services Inc. and an updated holding statement of Mood Media shares will be issued to DI holders. If shareholders wish to sell their DIs before transfer to the Canadian share register, they must do so prior to the date of cancellation. \n\nMood Media will continue to maintain its listing on the TSX, an AIM Designated Market, and, as such, cancellation will not be conditional upon shareholder consent pursuant to Rule 41 of the AIM Rules. DI holders wishing to trade Mood Media's shares after the date of cancellation will be able to do so through the TSX. Further information will be provided in the letter to DI holders.\n\nMood Media will continue to comply ...