In a statement this morning, the London Stock Exchange said that, following notification from the Financial Services Authority, it has cancelled the securities of Cordiant from the Official List, it has cancelled those securities from trading.
It added that Cordiants's securities are, therefore, cancelled from their official listing on the LSE with effect from 7am GMT today, Wednesday.
The delisting comes after a busy week in the twisting story of Cordiant. Yesterday, French advertising giant Publicis Groupe clarified its position after continued speculation that it was to join or support a bid for Cordiant.
It has now said in the clearest terms said that it will not directly or indirectly make "any possible attempt to gain control of Cordiant" and has that its only interest lies in buying the 25% of ZenithOptimedia it does not already own.
Today is also the day when banks must renew lines of credit for Cordiant. If WPP Group, which holds Cordiant's debt, does not support the move Cordiant could be forced into administration.
It has been speculated that WPP might pursue this course of action as a way of scuppering any plans that fund manager Active Value has for Cordiant.
If Cordiant does not go into adminstration then D-Day is next week's July 23 shareholder meeting where shareholders will vote on WPP's bid for Cordiant and Active Value's plan to inject cash and a new management team.
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