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Pointon York to delist as costs mount

Pointon York has announced plans to delist from the PLUS Market stock exchange.

In a statement, the Sipp provider says increasing costs associated with the listing are now potentially outweighing the benefits.

It says: “The directors believe that the present benefits of quotation on the PLUS Market are potentially outweighed by the ever increasing costs (both direct and particularly indirect) involved.

“The directors note that the company’s securities trade infrequently on the market with only two trades in the previous three years.

“Nevertheless, the directors believe it is important to keep shareholders informed of progress within the business and whilst withdrawal from the PLUS Market will mean that the company can no longer make announcements through the PLUS website, it will continue to keep shareholders advised through mailings to the registered shareholder address using the same reporting timetable as at present.”

No formal arrangements have been put in place for dealing in the company’s securities.

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