FSA formally delists Game stock
Following yesterday's request from UK retailer Game Group, the Financial Services Authority (FSA) this morning delisted the company from the London Stock Exchange.
Investors who own shares in the company will now have to liaise with Game's administrators Price Waterhouse Cooper and may yet be remunerated. PwC issued the following statement:
"Further to the announcement of 21 March 2012 and the appointment of PWC LLP as administrators for the Group on 26 March 2012, GAME Group plc has today applied for the listing of its securities to be cancelled from the Official List and for the admission to trading of its securities to be cancelled from the Main Market of London Stock Exchange plc with effect from 3 April 2012, pursuant to LR 5.2.12(2)."