CSI Cred Sys: Delisting from Trading on the VSE
10/7/99 14:16
99/10/07 Market News Publishing Inc. No: 000259
CSI CREDIT SYSTEMS INTERNATIONAL INC ("CSU-V;CDRFF-L")
- Delisting from Trading on the VSE
Michael Lukas, Vice-President and Director of CSI Credit Systems
International Inc. ("CSI") announces that CSI has applied to the VSE to
delist its shares from trading on the VSE. The reason for the delisting is
because CSI's shares are no longer held by a sufficient number of
shareholders to meet the minimum listing requirements of the VSE, which
include the requirement to have a minimum of 100 public shareholders
(excluding directors, officers and persons holding not less than 10% of
CSI's securities) holding at least 100 shares. As a result of the
successful completion of the takeover bid, there are now a total of only 46
shareholders who hold at least 100 shares.
CSI's delisting of its securities will be effective approximately 10
days after the VSE issues a notice approving the delisting of CSI's
securities.
Notwithstanding delisting from the VSE, CSI will continue to be a
reporting issuer in accordance with the B.C. Securities Act. As such, it
will continue to meet its obligations under that Act. |
