LONDON - i-nexus Global plc (AIM: INX), known for its cloud-based strategy software for the Global 5000, announced today that its shareholders have passed resolutions to delist from the AIM market of the London Stock Exchange (LON:LSEG) and to re-register as a private limited company. The vote, which took place at the General Meeting earlier today, saw a majority of 91% in favor of both the delisting and the re-registration, with 9% against.
The transition away from the public market is set to occur on December 27, 2024, at 7:00 a.m., with the last day of trading on AIM being December 24, 2024. This move will see i-nexus Global Limited emerge as a private entity on January 13, 2025.
To facilitate share trading post-delisting, i-nexus will introduce a Secondary Market Trading Facility provided by Asset Match, a platform authorized and regulated by the Financial Conduct Authority. This facility will commence on December 30, 2024, and aims to assist shareholders and new investors in buying or selling shares through periodic auctions. The first auction is scheduled to close on February 14, 2025, with subsequent auctions to follow quarterly.
Shareholders will retain the ability to hold shares in uncertificated form and are advised to confirm with their stockbrokers their capability to trade unquoted shares. The company has communicated that this trading facility will be available for at least a year after the delisting, with the intention to continue it thereafter, although it could be subject to change.
The company's decision to transition into a private company and the subsequent arrangements for a secondary market trading facility are based on a press release statement. The information provided is intended to inform shareholders and the market of the new structure and trading options available following i-nexus's delisting from the AIM market.
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