7th Sep 2022 12:29
(Alliance News) - GYG PLC on Wednesday reminded shareholders that it is the final day that they can buy and sell its shares on London's AIM, as it prepares to delist next week.
GYG is a Mallorca, Spain-based super-yacht painting, service and supply company.
In August, the company announced plans to delist from AIM, citing "valuation volatility" and listing costs. It said it will re-register as a private limited company, under the name "GYG Ltd".
On Wednesday, it said it has appointed JP Jenkins to provide a matched bargain facility, which is expected to be available by the end of September.
"Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer," GYG explained.
It added that it expects to delist next week.
Shares in GYG were up 0.8% to 25.20 pence each in London on Wednesday midday.
By Sophie Rose; [email protected]
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