Armour tumbles as it says shares will be suspended from AIM

Shares in Armour Group tumbled 26% after the investing company said its shares will be suspended from trading on AIM from Wednesday, as it has failed to implement its investing policy in time to meet listing rules.

Armour said it has not been able to complete an acquisition which constitutes a reverse takeover under the AIM rules, or otherwise implement its investing policy within the twelve months permitted.

If the company is unable to implement its investing policy by 5 February 2016, its share will be cancelled from AIM.

Armour said it continues to pursue suitable investment opportunities for its shareholders in accordance with its investing policy.