Colliers International UK has temporarily suspended trading on AIM “pending clarification of the company’s financial position.”
A statement released on the stock exchange this morning said: “At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 28/03/2012 at 7:30am, pending clarification of the company’s financial position.”
The agent has been in takeover talks with majority shareholder FirstService since January, and is working on a transaction ahead of a “put up or shut up” deadline on 5pm Tuesday 3 April.
Its shares were trading at around 0.8p yesterday.
bridget.o’connell@estatesgazette.com
