Following a six-month suspension on the AIM, beleaguered payment processing company Neteller PLC will be deleted from the FTSE AIM All-Share, FTSE AIM 100 and FTSE AIM UK 50 indices on July 16, the FTSE announced on Wednesday.
Neteller's shares were suspended on Jan. 16 after the detention of its former directors and founders Stephen Lawrence and John Lefebvre by the U.S. authorities.
The company announced on June 28 that due to the ongoing investigation into the company by U.S. authorities, it would not be able to finalize its full-year accounts in time to be sent to shareholders by June 30. The company said it had hoped to complete the investigation by no later than July 13, 2007.
Neteller today, however, said that Lefebvre's recent guilty plea would likely delay the federal investigation.