Pulse Group to Delist from 'Troubled' PLUS SX

Research outsourcing and panels company Pulse Group says it can no longer justify the costs associated with listing the company on the loss making PLUS-quoted Market (part of the PLUS Stock Exchange), and is therefore planning to delist its ordinary shares.

Chairman Bob Chua (pictured) said the main reasons for joining the market in 2008 were to enable the company to access development capital more easily, and create publicly traded shares which would be 'more attractive' as consideration for potential acquisitions.

However, after several years of losses, the PLUS Stock Exchange has now been sold to inter-dealer broker ICAP for a nominal price of £1. Chua said in a letter to shareholders that as a result of the damage caused to the reputation of the market by uncertainty surrounding this purchase, Pulse's original objectives for joining the market cannot be met.

Pulse has offices in Kuala Lumpur, New York, London, Sydney, New Delhi and Singapore. As well as an online community of approximately three million consumers across the Asia-Pacific region, the company offers a range of data collection services including face-to-face interviews, CATI, and buzz measurement.

Pulse has today notified PLUS of its intention to delist, and expects to cease trading there at close of business on Monday 8 October 2012.

Web site: www.pulse-group.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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