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Investors face uncertain future as Plus Markets announces closure

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Plus Markets Group (LON:PMK) is to wind-down and close after the small cap stock exchange owner failed to find a buyer or new funding.

Companies listed on the exchange, which include premiership football club Arsenal, Girl with the Dragon Tattoo publisher Quercus and brewer and pub owner Shepherd Neame, will have to find another market for their shares, Plus said today.

“Discussions were held with a number of parties including major international stock exchanges and trading platforms, inter dealer brokers, technology providers, private equity and other wealth funds,” the company said.

The AIM-listed company initiated a formal sale process at the start of February and considered various options including potential takeover offers, a share placement, a capital injection and asset sales but all of these fell through.

Plus, which was granted exchange status in 2007, said its regulated activities will be wound down over six months to avoid market disruption.

The company said it would continue to explore all possible avenues to preserve remaining shareholder value, including any offers for the company's remaining assets. 

 

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