Synergon leaves London SEAQ
Sunday, September 11, 2005, 00:00
Systems integrator Synergon Rt announced on Thursday that it would delist its GDR (global depository receipt) papers from the Stock Exchange Automated Quotation system (SEAQ) of the London Stock Exchange.
The instruments will still be available on Euroclear and Clearstream systems.
SEAQ is the London Stock Exchange's service for mid-cap securities and the most liquid AIM securities.
The move will have no major impact on Synergon shares, given that the key market for the paper has always been the Budapest Stock Exchange (BÉT). The London presence has cost the company about Ft 1 million-Ft 2 million a year, Synergon's investor relations officer Zsuzsanna Farkas said.