ADVFN plc ( (GB:AFN) ) has provided an update.
ADVFN PLC has announced plans to cancel the admission of its ordinary shares to trading on AIM and re-register as a private limited company. The decision comes after a review by the board, which concluded that the costs of maintaining an AIM listing outweigh the benefits. The company will seek shareholder approval for these changes at a general meeting. If approved, the last day of trading on AIM will be May 2, 2025, with the cancellation effective from May 6, 2025. A Matched Bargain Facility will be established to assist shareholders in trading shares post-cancellation, although there are no guarantees regarding liquidity.
More about ADVFN plc
ADVFN PLC operates in the financial services industry, providing financial information and services primarily focused on stock market data and trading platforms.
YTD Price Performance: 4.00%
Average Trading Volume: 14,861
Technical Sentiment Signal: Buy
Current Market Cap: £6.02M
See more insights into AFN stock on TipRanks’ Stock Analysis page.