ROC says that the admission of its ordinary shares to trading on the AIM Market of London Stock Exchange plc (AIM) will be cancelled with effect from 8.00 a.m. on 2 November 2009. The last trading day on AIM will be 30 October 2009. ROC will continue to maintain its listing on the Australian Securities Exchange (ASX).

This decision has been made following a careful review of its AIM quotation by ROC’s Board. The Board considers that the costs incurred to administer the additional regulatory compliance requirements and to maintain the AIM quotation now exceed current and potential future benefits ROC could obtain from the quotation. In making the decision, the Board has given particular consideration to the changes in ROC’s asset portfolio, strategic focus and share register. The Board looks forward to the continued support of its AIM shareholders though its ASX listing.

Tags: ROC Oil