IN BRIEF: Quiz eyes AIM delisting as first half loss widens

Quiz PLC - Glasgow, Scotland-based womenswear brand - Reports financials for first half ended September 30. Pretax loss widens to GBP4.1 million from GBP1.5 million a year prior as revenue declines 7.6% to GBP39.1 million from GBP42.3 million. Company reaffirms its intention as stated on December 20 to delist from AIM and re-register as a private company. Targets January 23 cancellation date if proposed delisting is approval at its general meeting on January 8. Anticipates that its non-executive directors will step down from the board should the delisting proceed.

Further, says December trading has fallen short of expectations as in-store sales are less than the year prior, though online sales have remained consistent. As such, Quiz has not made up the GBP1.5 million on-year revenue shortfall incurred between August 1 and November 30 that it communicated earlier this month.

Current share price: 0.90 pence, closed down 6.5% in London on Friday

12-month change: down 85%

By Aidan Lane, Alliance News reporter

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