Financial adviser Lighthouse Group has announced it plans to de-list from AIM, citing pressures brought about by the retail distribution review (RDR) and regulatory changes.
Lighthouse chairman David Hickey (pictured) said it was no longer in the best interests of the company to continue as a listed entity. The group, the only IFA currently listed on AIM, said changes brought about by RDR, reviews and litigation concerning potential mis-selling, and increases in regulatory charges "has resulted in a far more uncertain trading environment than has ever previously existed". It will seek shareholder approval for the cancellation of admission of its ordinary shares to trading on AIM at the group's annual general meeting on 31 July. Under AIM rules, Lightho...
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