5th Aug 2025 14:55
Dewhurst Group PLC - London-based supplier of components to the lift, transport and keypad industries - Plans GBP25 million cash return, about half of its market capitalisation, as part of a plan to cancel its shares from trading on AIM in London and reverting to a private limited company. Dewhurst says the cash return will be via tender offer at GBP9.00 per ordinary share and GBP6.65 per 'A' share, both premiums to the market price. Calls general meeting for August 21 to approve the plans. The decision comes after Dewhurst back in June predicted a "challenging" second half of its financial year ending September 30, amid delays to construction projects in North America. On Tuesday, Dewhurst says it is too small to be of interest to most UK investors. When it has expanded, it has used internally generate funds and has never raised funds on AIM. The tender offer is for shareholders who no long want to be invested in a private company. Read More
