Edinburgh, Fife & East Scotland

Invocas pulls out of stock market

cash and credit cards
Image caption Invocas says its stock market listing is costing it about £100,000 a year

The Edinburgh debt solutions company, Invocas, is to delist from the Alternative Investment Market (AIM).

Invocas blamed its decision on the combination of low liquidity in its shares and the high cost of maintaining its stockmarket listing.

The company estimates it costs around £100,000 a year to keep its status on AIM.

Three quarters of shareholders need to approve the delisiting at a special meeting in Edinburgh later this month.

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