Apr 07 2009

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Asite shares slide

Shares in SaaS collaboration vendor Asite have continued their slide downwards in the wake of last week’s news that the company is to de-list from the London Stock Exchange. They closed at 1.125p yesterday, equalled their all-time low of 1.00p again during trading today before plunging to close at just 0.375p, down 66% on the day.

In three weeks time they will no longer be traded publicly.

Unlike previous other corporate announcements, the de-listing is not included among recent Asite news releases on the home page – the latest of which, dated 6 April, announces a commission to provide collaboration services for the UK’s Environment Agency, a deal I understand is worth £1.14 million spread over five years. (Update (08 April 2009): Asite’s AIM notifications are contained in a page within its Investor Information section).

Permanent link to this article: http://extranetevolution.com/2009/04/asite-shares-slide/

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  1. Asite asides | Extranet Evolution

    […] proposing to de-list from London’s Alternative Investment Market (AIM – see post and follow-up). According to The Guardian, research by law firm Trowers & Hamlyn shows that de-listings are […]

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