Shares in Prime Focus London plc have been suspended as the visual entertainment services company looks to embark on a worldwide restructure.
The suspension was requested by the company itself and takes place with immediate effect.
PFL, which holds a 59.96% stake, plans to restructure its operations worldwide with a view to creating a “broadly based international group”.
BDO has been appointed to review the accounts for the year to 31 March 2010 in view of the potential restructuring.
As a result, the publication of the company’s accounts has been delayed.
A circular to shareholders relating to the restructuring is expected to be published in October.
At the same time Seymour Pierce has resigned as nominated adviser and broker to PFL.
The company is currently in discussions to find a replacement.
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