1st May 2024 13:47
Cindrigo Holdings Ltd - Guernsey-based renewable energy company focused on geothermal power and waste-to-energy projects - On Monday says delisting of shares likely to occur at end of May. Stock has been suspended since August 2020, when reverse takeover talks between Challenger Acquisitions Ltd, what firm was previously known as, and Cindrigo Ltd kicked off.
"The company's listing was not cancelled in July 2021 due to the on-going prospectus review process and proposed application for readmission and the FCA's indication that the cancellation would be dealt with at the time of readmission. However, the FCA have indicated that after such an extended period of suspension, it is now appropriate to cancel the listing. Cindrigo acknowledges and agrees with the decision to delist," Cindrigo Holdings says.
As a standard listing, it does not shareholder approval to delist, it only needs to give 20 business days of notice.
By Eric Cunha, Alliance News news editor
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