RE: NEW CEO10 Jan 2024 10:50
An utter disgrace, in my opinion. The share price has gyrated between £6 and £8.24 since the announcement, with fearful investors selling well below NAV. The board should be ashamed of themselves. There was no precursor to this announcement, with no mention of onerous listing costs or regulatory burden in prior reports. The announcement is also thin on detail. How much money would be saved in moving to TISE in listing costs? We don't know, because they haven't qualified their claims with actual figures!
The board makes the point about the liquidity of the shares, but what have they ever done to proactively improve the company's exposure. On searching the web there is thin evidence of any sort of public relations effort. No interviews with the CEO or engagement with EO Platforms, that I have seen.
To me it does not matter what the outcome of the vote is. I no longer trust the board. A board willing to make a sudden change of this magnitude with no prior warning is not a board for me. Fired!