(Alliance News) - Tiziana Life Science PLC on Monday said it intends to cancel its shares from trading on the London Stock Exchange ahead of its plan to redomicile in Bermuda.
The biotechnology company announced an intended redomicile from London to Bermuda by the second quarter of 2020. It is therefore seeking shareholder consent for its shares to be cancelled from trading when the move occurs.
Tiziana says it intends drop its shares currently traded as American Depositary Receipts on Nasdaq in New York but have its Bermuda common shares traded on Nasdaq instead.
The company's shares on AIM were 30% lower at 36.10 pence each on Monday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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