Nightcap PLC (GB:NGHT) has released an update.
Nightcap PLC, owner of 46 premium bars, is planning to delist its shares from the AIM market and re-register as a private limited company, following an extensive review that determined this move would be in the best interest of the company and its shareholders. The board believes that the current public valuation does not reflect the company’s potential and has secured approximately 76.9% shareholder support for the transition. Shareholders will vote on the proposal during a general meeting set for July 17, 2024, with the potential cancellation effective from July 29, 2024, and a matched bargain facility to be available thereafter for trading shares off-market.
For further insights into GB:NGHT stock, check out TipRanks’ Stock Analysis page.
