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IN BRIEF: CIP Merchant shares to be cancelled in June after buyout

Mon, 09th May 2022 10:32

CIP Merchant Capital Ltd - Guernsey-based investment company - Applies for the cancellation of admission to trading on AIM. Explains that its takeover offer from Corporation Financiere Europeenne SA has become unconditional and that the Luxembourg-based wealth management firm has received valid acceptances of over 48.0 million ordinary shares in CIP's share capital, representing a 75% stake. Confirms that it has agreed with AIM for the cancellation to occur on June 8.

Current stock price: 30.00 pence, down 23% on Monday

12-month change: down 47%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

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