NetDimensions to de-list from AIM
(ShareCast News) - Management software provider NetDimensions is to de-list from AIM after it accepted a takeover bid from technology firm Learning Technologies Group.
The Hong Kong-based company confirmed on Monday that its shares will cease to trade on AIM on 19 April and admission of its shares to trading will be cancelled without the need of shareholder approval.
AIM-listed LTG intends to but the remaining 93.25% stake in NetDimensions it does not already own.
On 15 and 14 March, LTG had received acceptances of the takeover offer in respect of 46.81m NetDimensions shares, which represents about 91.3% of NetDimensions.
Following the acceptance LTG has agreed to buy NetDimensions shares representing in excess of 75% of the voting rights of the company.
Shares in NetDimensions were down 0.49% to 99.01p at 0934 GMT.