Reach4Entertainment Shareholders Approve AIM Cancellation

(Alliance News) - Reach4Entertainment Enterprises PLC said Friday its shareholders have approved its cancellation from AIM.

As a result, the company's last day of trading will be September 2, with its shares being cancelled the next day.

The London-headquartered marketing group has previously bemoaned the costs of maintaining its listing amid the coronavirus pandemic.

Given the Covid-19 pandemic's damage to its business, thanks to the closure of all live venues on Boradway and London's West End, Reach4Entertainment has previously stated the "the costs of maintaining a London listing outweigh the benefits afforded by operating as a public company".

Shares in Reach4Entertainment Enterprises closed 1.6% lower in London on Friday at 0.30 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

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