Thomas Potts plans to de-list

Thomas Potts is planning to turn its back on the Alternative Investment Market (AIM), saying it is gaining very little benefit from the listing.

The loss-making print group will put the proposal to de-list before shareholders at the end of March.

The decision comes on the back of poor interim results and a warning that the next set of figures will be similarly gloomy.

In the six months to the end of September 2002 the group made a pre-tax loss of 988,000 and expects a 1.5m deficit in the following half year, as it attempts to ditch its manufacturing activities.

Although Thomas Potts print management division made a small trading profit, the group said manufacturing results were particularly disappointing. The company has been listed on AIM since 1996.