I-Nexus Global Plans AIM Delisting

Dow Jones11-26 15:55

By Ian Walker

I-Nexus Global is seeking shareholder approval to cancel its trading on London's junior AIM, citing a weak share price performance and low liquidity.

The cloud-based software solutions company said Tuesday that re-registering as a private company will allow it to focus on achieving profitability, enhancing stability and enable it to deliver on the board's growth strategy.

A general shareholder meeting will be held on Dec. 13, and if the plan is approved the company expects trading in its shares to be cancelled from Dec. 27.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

November 26, 2024 02:55 ET (07:55 GMT)

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