Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Healthcare minnow Ultrasis slumps on plan to cancel Aim listing

In a falling market one of the day's divers is health care group Ultrasis.

The business has plunged 71% to just 0.185p after the company said it planned to cancel its Aim listing at the behest of a major shareholder, Paul Bell.

Ultrasis had agreed loan facilities with Bell and was allowed to draw up to £1m in any rolling twelve month period.

Now it says it has reached that limit, and while Bell has agreed to provide further funds above £1m, that is subject to a review of its short and medium term working capital requirements and, crucially, the company seeking to cancel its Aim listing.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.