imJack seeks temporary share suspension
SCHOOL software company imJack today revealed that it was seeking a temporary suspension of its shares on the Alternative Investment Market (AIM) with immediate effect.
The Leeds-based company announced that following a dispute with its previous nominated adviser, Strand Hanson, it has received a court order against the company in respect of a claim for 62,801 together with expenses for 25,000 which is payable within 14 days.
In a statement, imJack said: "Due to the resulting financial uncertainty of the company, the company has sought a temporary suspension from trading of its shares on AIM with immediate effect pending resolution of the company's immediate working capital position and the outcome of certain business developments which the company is currently pursuing."