Best Games Holdings Limited has announced its withdrawal from the UK PLUS exchange after a company review this week decided that maintaining a quote on PLUS was "not in the best interests of the shareholders."
The directors of the company felt that the cost of being on PLUS and the compliance requirements imposed are not necessary for the development of company's business and its future financing. The company will therefore withdraw from the market at the close of business on 5 September 2008.
"The Directors are conscious that this may make it harder to deal in the shares," a notice from Best Games remarks. "However, your Board is of the opinion that this proposed course of action is in the best interest of shareholders as we plan for the
Shareholders have 10 days to object to the decision, said CEO Henrik Magnuson.
BestGames Holdings Ltd was launched in 2006 as an independent investor in internet gaming related companies and stocks. It currently operates two brands, BestPoker.com and BestBingo.com, which mainly target the European market, whilst also attracting customers worldwide.
The two brands together encompass three major gaming areas: Poker, Casino and Bingo. The Group also offers thepossibility for mobile gambling.
BestPoker.com, which is a fast growing online poker-room, is part of the Ongame Network, which boasts about 12 million customers. BestBingo.com is the newest contribution to the group, offering its customers online bingo and various casino games.