How likely is it that shareholders can stop or change this delisting?14 Nov 2025 09:52
Short Answer
If management and major shareholders support the delisting, ordinary small shareholders rarely stop it.
If insiders hold a large percentage, the outcome is often already decided.
But if the register is very fragmented and insiders own little, then a coordinated shareholder push can block it.
๐งฎ What matters is this:
Delisting from AIM requires:
โก๏ธ At least 75% of votes in favour
(This is a special resolution.)
That means:
If the board + connected holders own more than 25%, the vote is essentially guaranteed to pass.
If they own less than 25%, shareholder dissent can block it โ but only if many minority holders vote.
โญ Typical AIM Reality
Hereโs how it usually goes:
1. Small shareholders rarely vote
Only 10โ20% of retail holders often send in a proxy vote.
This makes it easier for management to win.
2. Institutional ownership is often tiny in companies like POLX
If there are no big investors opposing the delisting, it tends to go through smoothly.
3. Boards do not propose delisting unless they already know they have the votes
This is extremely important.
Companies very rarely announce a delisting unless the outcome is pre-agreed with major shareholders.
4. Even strong opposition on forums rarely changes the vote
Because people complaining โ people submitting formal votes.