Anexo set to cancel AIM trading, re-register as private company

(Sharecast News) - Anexo Group said in an update on Wednesday that it plans to cancel the admission of its shares to trading on AIM and re-register as a private limited company - moves it said were in the best interests of the company and its shareholders.

The proposals would be subject to shareholder approval at a general meeting on 12 September.

Alabama Bidco, which owns about 75.8% of Anexo's shares, had already confirmed it will vote in favour, meaning the resolutions were expected to pass.

If approved, the last day of trading for Anexo shares on AIM would be 23 September, with cancellation taking effect on 24 September.

Re-registration as a private company was expected by 16 October.

At 1154 BST, shares in Anexo Group were flat at 40p.

Reporting by Josh White for Sharecast.com.