AgCert takes shares off London market


Carbon emissions trader AgCert International has announced that its shares have been cancelled from the Official List of the London Stock Exchange at its own request.

The company said it had made the request because its appointed examiner has concluded that a continued listing could jeopardise the proposals being prepared to help the company resolve its obligations and maintain an ongoing business.

AgCert said there is no prospect it will be able to operate a viable business should the proposals not be approved by all parties and successfully implemented.

Shares in the emission reductions trader were suspended on Feb. 21 last, after AgCert said it had been unable to reach agreement with all creditors and customers on the renegotiation of contracts (Click Here).

At that time, AgCert said it would file a petition for examinership in Ireland, whereby the company is put under under the protection of the High Court while a court-appointed examiner formulates a scheme of arrangement with its creditors and members, allowing the business to continue running.