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Axiomlab considers returning cash to investors

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May 14, 2003

Axiomlab, the technology investment group, said today that it is considering a proposal to return cash to shareholders and delist from AIM following "the continued poor performance of its share price". The technology fund has about £5m in net cash but is also giving shareholders the option to roll over their entire shareholding into a new venture that will not be listed on any exchange. The company said it will issue comprehensive details about this proposal soon, but indicated that a return of value would amount to about 0.85p per Axiomlab share.

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