Global Invacom tumbled almost 28% as it announced it was decamping from AIM and heading back to its home stock market of Singapore.
Delisting from London’s junior market will occur on or around the end of October (30), according to a statement from the satellite and electronics group.
A new contract with European satellite group Eutelsat also announced today did little to soften the blow.
The multi-year contract is for its XRE ODU transceiver platform, though Global Invacom added there would be no material impact on earnings for the current year that ends in December.
Shares were down 1.35p at 3.5p in early trades.