IN BRIEF: Armadale Capital shares plummet after proposed cancellation
14th Oct 2024 10:50
Armadale Capital PLC - Africa-focused natural resource project - Proposes the cancellation of share trading on AIM and the re-registration of Armadale Capital as a private limited company. Says the company will benefit from the more flexible requirements and lower costs associated with a private status, after the AIM cancellation. The proposal follows the company's swing to a pretax loss of GBP662,000 in the first half of 2024, from a profit of GBP291,000 the year before, due to a loss on fair value of investments. Read More