IN BRIEF: Dispensa to delist from London after 90% share plunge
13th Feb 2024 10:20
Dispensa Group PLC - London-based holding company for portfolio of luxury food brands - Plans to call general meeting to approve delisting from the London Stock Exchange. Cites "current market conditions, the challenges of implementing the growth-acquisition strategy in a listed environment, and the considerable management time and cost of remaining listed at this stage of the company's development." Argues that its "strategy of buying undervalued, traditional premium brand businesses and digitising their systems and processes to significantly increase revenue, margins and value, is more suited to a private equity environment." Read More