A key Lighthouse shareholder has urged others to vote against the group's proposal to delist from AIM, arguing that concessions made in a statement this morning do not make a 'jot of difference' to the situation.
The comment, made by Paul Mumford, senior investment manager at Cavendish Asset Management and owner of Lighthouse Group shares as part of his AIM Fund, was made following a Lighthouse statement to shareholders sent out this morning. The statement regarding the company's plans to delist from AIM, announced earlier this month, includes some concessions to shareholders. The main concession was the offer of a 'matched bargain arrangement' where possible to allow shareholders to dispense of shares. A ‘matched bargain arrangement' is an off market system of share trading which relies on...
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