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Telspec swaps main market for AIM

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Date: Monday 18 Feb 2008

LONDON (ShareCast) - Telspec, which supplies access network solutions to telecom service providers, moved from the main market to AIM this morning.

“The board believes that AIM is a more appropriate market for a company of its size and resources and that the transfer of the ordinary shares to trading on AIM should lead to lower ongoing costs associated with being a public company and a simplification of the company's administration and regulatory requirements,” said the group.

“It also believes that AIM offers greater flexibility, particularly with regard to corporate transactions, and should therefore enable the company to agree and execute certain transactions more quickly, if acquisition or other opportunities arise in the future,” it added.

Telspec will continue to meet its obligations to existing customers and will assess new cash generative sales opportunities.