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IN BRIEF: Allied Minds shareholders vote to de-list at end of November

Wed, 02nd Nov 2022 14:39

Allied Minds PLC - Boston, Massachusetts-based firm based IP commercialisation firm - Shareholders at general meeting on Wednesday approve plan to de-list from the London Stock Exchange by 97% of votes cast. Allied Minds had proposed the de-listing back in August, saying the costs of the listing are "prohibitively high" relative to the company's size. Allied Minds expects the last day for the trading of its shares will be on Tuesday, November 29, with de-listing the following day. "We believe this is the right step for Allied Minds at this stage as we look to realise value from the remaining portfolio of investments," says Interim Chair Bruce Failing.

Current stock price: 8.15 pence for GBP20.3 million market capitalisation

12-month change: down 64%

By Tom Waite; thomaslwaite@alliancenews.com

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ALM.L Share News (ALM)

IN BRIEF: Allied Minds shareholders vote to de-list at end of November

Earnings, Trading Statements Calendar - Week Ahead

Earnings, Trading Statements Calendar - Week Ahead

Earnings, Trading Statements Calendar - Week Ahead

Earnings, Trading Statements Calendar - Week Ahead

FTSE 250 movers: Miners drag index down, Synthomer spikes higher

LONDON BRIEFING: Stocks Surge On Optimism For Greek Debt Deal

Allied Minds joint venture inks licensing deal with Harvard

Allied Minds Joint Venture Signs Licensing Deal With Harvard

FTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher

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