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Aveo Healthcare Ltd announces application for the removal of Aveo Healthcare from the official list of ASX


Tuesday, 7 Jan 2014 09:57pm EST 

Aveo Healthcare Ltd:Says it has applied to ASX under ASX Listing Rule 17.11 to be removed from the official list of ASX.Says the continued listing on ASX is no longer in the best interest of AEH and its shareholders.Says despite being on the official list, there is an extremely limited market for AEH shares which is evidenced by its low trade volume in the past 12 months.Says it understands that Aveo Group Limited (85.6 pct) and other major shareholders with interests associated with the O’Shea family (12.4 pct) (who together presently hold 98 pct of the total shares on issue) are currently not looking to sell or otherwise realise their shares in AEH.Says the costs associated with being on the official list would be eliminated, resulting in a saving to AEH of about A$300,000 per annum. 

Company Quote

1.3
-0.3 -18.75%
27 Mar 2014