Here's a company that wants to cancel their AIM membership. INteresting that they say AIM hadn't gotten them any more exposure as promised:
NEW YORK, NY--(Marketwire - 07/01/10) - Allied Healthcare International Inc. (NASDAQ:AHCI - News) (AIM: AHI) ("Allied"), a leading provider of flexible healthcare staffing services in the United Kingdom, announces today that it has requested the cancellation of admission to trading of its depository interests on the Alternative Investment Market (AIM) of the London Stock Exchange. Cancellation will become effective as of 7:00 a.m., U.K. time, on August 20, 2010 (the "Effective Time"). The depository interests will trade on AIM through the close of business on August 19, 2010. Each depository interest represents one share of common stock of Allied.
The shares of common stock of Allied will continue to trade on the Nasdaq Global Select Market after the cancellation of admission to trading on AIM of the depository interests.
Allied's depository interests were admitted to trading on AIM in December 2005 in the expectation (among other reasons) that the quotation would provide an additional source of liquidity for investors who wished to own an equity position in Allied. Allied also anticipated that the admission to trading on AIM of its depository interests would enable it to access the capital markets in the U.K. and provide it with an enhanced ability to undertake acquisitions. However, there have never been more than ten holders of depository interests at any one time and there are currently only eight holders of depository interests. As a result, Allied has not realized the benefits it anticipated at the time of admission. In light of this and the costs and additional regulatory burdens associated with continued admission of its depository interests, the board of directors of Allied has determined to request the cancellation of admission to trading on AIM of its depository interests as of the Effective Time.
