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
Copyright 2022 Alliance News Limited. All Rights Reserved.