Betcorp Delists from ASX
12 Jul 2006
AUSTRALIA – As reported by the Australia Age: "Dual-listed internet gaming firm Betcorp Ltd will quit the Australian Stock Exchange (ASX) and make its primary listing in the United Kingdom in a bid to stimulate greater interest from investors.
"Betcorp, which listed on the ASX in May 1999, announced on Wednesday that it would delist from the ASX on October 31, in favour of the London Stock Exchange's Alternative Investment Market (AIM).
"Betcorp was admitted to the AIM in March this year.
"…About 47 per cent of Betcorp's issued shares are held outside Australia, and the Betcorp board said shareholders' interests would be better served by focusing on the UK listing.
"…Betcorp shares were 30 cents lower at $3.80 on Wednesday."