Lighthouse Group shareholders have voted against plans to delist the company from the AIM stock exchange.
An announcement following today's general meeting confirmed shareholders did not pass the proposed special resolution to approve the cancellation of the company's ordinary shares from AIM. The cancellation will now not take effect and the group will remain publicly traded. Some 53% of shareholders voted against the move. David Hickey, chairman, said: "The business remains in good shape, being both cash positive and debt free. Looking forward the group will continue to comply with the AIM rules, and the board will continue to respect shareholders' preferences." A number of influe...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes