Small caps round-up: PLUS Markets, Sareum, Planet Payment

PLUS Markets Group, which provides listing and quoting services to around 140 companies on the stock exchange, has recommended its shareholders to vote in favour of the proposed disposal of its PLUS-SX division to ICAP for a nominal sum at its general meeting on June 18th. 'The disposal will, therefore, help both the group preserve remaining shareholder value and protect the reputation and continuity of the RIE [Recognised Investment Exchange] for its existing listed and quoted companies.'

PLUS Markets Group, which provides listing and quoting services to around 140 companies on the stock exchange, has recommended its shareholders to vote in favour of the proposed disposal of its PLUS-SX division to ICAP for a nominal sum at its general meeting on June 18th. 'The disposal will, therefore, help both the group preserve remaining shareholder value and protect the reputation and continuity of the RIE [Recognised Investment Exchange] for its existing listed and quoted companies.'

The company, which announced in February that it would commence a formal sale process, said in May that it intended to "commence a process of orderly closure" and would be wound down over a period of up to six months "in order to minimise market disruption". The group's 2011 results, announced Wednesday, reflected its challenging environment, with revenues falling from £3.05m to £2.91m. As annual operating costs were significantly reduced, the pre-tax loss came in a £2.56m, below the prior-year loss of £5.67m. Shares were down nearly 19% in afternoon trade.

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