8th Apr 2020 14:36
(Alliance News) - Indian private equity fund EIH PLC on Tuesday said its shareholders will vote on its proposed delisting during an extraordinary general meeting in May.
EIH's directors said there is a "considerable financial cost" associated with an AIM listing.
"The vast majority of shareholders consulted regarding the proposed cancellation were in favour of the cancellation in the interest of saving costs," EIH said.
The EGM is penned for May 7. Should shareholders back the proposal, EIH shares will be cancelled on May 18.
EIH shares were untraded in London on Wednesday afternoon, last quoted at USD0.10 each.
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.