The Manx based finance house Conister Trust says "reverse takeover talks" have ended.
The firm is asking to resume trading on the Alternative Invesment Market (AIM)
Trading was suspended on May 11th as talks progressed.
In a statement the firm says that the company will now "progressively reposition itself as a private banking group, servicing the rapidly growing
high net worth market as well as developing a number of e-commerce banking opportunities.
The costs involved in attempting to deliver the reverse takeover will be
taken into the current year's results. Meanwhile trading in the core markets remains competitive".
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