noventa - disaster after disaster, page-11

Did Humty Dumpty jump or was he pushed?

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TORONTO, March 1, 2012 /CNW/ - The Board of Directors of Noventa Limited (AIM: NVTA) (TSX: NTA) (PLUS: NV) ("Noventa" or the "Company"), a supplier of the strategic metal tantalum, has today announced that the Company has applied for the voluntary delisting of its ordinary shares from the Toronto Stock Exchange ("TSX"). It is expected that the ordinary shares will be delisted from the TSX at the close of trading on or about Thursday, 8 March 2012.
Noventa's ordinary shares are currently listed for trading on the TSX, AIM and PLUS. Following the delisting from the TSX, the Company's ordinary shares will continue to trade on AIM and PLUS.

After due and careful consideration, the decision to delist from the TSX was taken due to:

• the limited trading volume of Noventa's ordinary shares on the TSX since its listing in December 2010, compared to the trading activity on AIM;

• the low level of Noventa share ownership in Canada; and

• the compliance costs and administrative responsibilities of the Company in maintaining the listing on the TSX, in addition to the listing on AIM, being no longer justifiable.

Implications of the delisting for shareholders on the Canadian branch register only

Prior to the closing of the Canadian branch register (the "Canadian register"), shareholders and/or CDS participants currently on the Canadian branch register can request to have their shareholdings transferred to the United Kingdom main register (the "UK register") by instructing their broker to initiate the transfer.

If a shareholder on the Canadian register does not activate a move to the UK register by Wednesday, 14 March 2012, their Canadian share positions will be automatically cancelled and moved to an issuer sponsored holding on the UK register.

http://www.istockanalyst.com/business/news/5700116/noventa-to-voluntarily-delist-from-the-toronto-stock-exchange