LONDON - Scholium Group PLC, a specialist in rare books and art, has announced the approval of two special resolutions following a general meeting held on Wednesday. Shareholders voted to approve both the cancellation of the company's shares from trading on the AIM market and the adoption of amended Articles of Association, effective from January 6, 2025.
The decision to delist from the AIM, a sub-market of the London Stock Exchange (LON:LSEG), was supported by 79.33% of the votes cast, with 20.67% against. The same voting pattern was observed for the amendment to the Articles of Association. The total votes represented 81.82% of the issued share capital, and there were no withheld votes.
The cancellation of trading on AIM is scheduled to take effect at 7:00 am on January 6, 2025. Following this change, the company has made provisions for a Matched Bargain Facility to assist shareholders in buying and selling shares for a period of 12 months after the cancellation becomes effective.
The Board has recommended shareholders to review the Circular dated November 28, 2024, which details the implications of the delisting and the operational aspects of the Matched Bargain Facility. The Circular, as well as the results of the General Meeting, are available on the Scholium Group's website.
This move comes as part of the company's strategic realignment, and the Board has taken steps to ensure that shareholders are informed and have mechanisms in place to trade shares post-delisting. The information for this article is based on a press release statement from Scholium Group.
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