29th Feb 2024 13:49
Asimilar Group PLC - London-based investor in technology and software sector - Calls annual general meeting for March 27, at which Asimilar will ask shareholders to approve cancellation of trading on Aquis Stock Exchange. Company is seeking an orderly realisation of its portfolio of unquoted holdings, aiming to return this to shareholders. In the meantime, it needs to cut costs to avoid having to sell illiquid investments to meet operating costs. It saved some money moving to Aquis from AIM, but says its low market capitalisation, lack of liquidity in its shares, and its share price being below its underlying net asset value, have offset the potential advantages of having its shares traded on the exchange.
Current stock price: 0.75 pence
12-month change: down from 3.375p
By Tom Waite, Alliance News editor
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