JOHANNESBURG - Tiso Blackstar, previously known as Times Media Group stopped trading on the Alternative Investment Market of the London Stock Exchange (AIM) on Tuesday morning.
The company's cancellation of listing on the AIM will not affect the primary listing of shares on the JSE and upon cancellation, the shares from the UK will be transfered to the local Johannesburg Stock Exchange (JSE) register.
"Tiso Blackstar hereby advises shareholders of the cancellation of the primary listing of its shares on the Alternative Investment Market of the London Stock Exchange (“AIM”) effective today, Tuesday, 17 April 2018 at 7:00am GMT," the company said in a statement.
The company further stated that shareholders whose shares have moved to the South African Register from the UK Register still have the option of having their shareholding dematerialised into a Link SA Central Securities Depository Participant (“CSDP”) account on the Central Securities Depository operated by Strate Pty Ltd, in South Africa or to any other financial institution via a CSDP to enable their shares to be traded on the JSE.
- BUSINESS REPORT ONLINE