MANCHESTER, UK – Leeds Group PLC announced today the approval of two key resolutions during an Extraordinary General Meeting (EGM) held at the Radisson Blu Hotel, Manchester Airport. Shareholders voted in favor of both delisting the company’s shares from the AIM market and re-registering as a private limited company.
The resolutions, passed by a show of hands, received significant support from shareholders, with 15,200,549 votes for and 31,646 against each proposal. The total number of voting shares at the time of the EGM was 27,320,843.
According to the company’s announcement, the last day of trading Leeds Group’s ordinary shares on AIM will be December 18, 2024. The cancellation from the AIM market is scheduled to take effect from 7 am on December 19, 2024. Concurrent with the delisting, a Matched Bargain Facility is expected to be introduced for the trading of the company’s ordinary shares starting December 19, 2024.
Leeds Group will proceed with the re-registration process to become a private entity, subsequently changing its name to Leeds Group Limited and adopting new articles of association. The full text of the resolutions can be found in the notice of the EGM, which is available for review on the company’s website.
This strategic move follows the company’s decision to transition away from the public market, reflecting a shift in the company’s long-term strategy. The information regarding the EGM outcomes and the future changes for Leeds Group is based on a press release statement.
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