27th Jul 2016 08:33
LONDON (Alliance News) - MediLink-Global UK Ltd on Wednesday said it is seeking shareholder approval for the cancellation of its shares from the AIM market and will convene a general meeting for the vote to take place shortly.
The healthcare administration services company said it is seeking the cancellation of shares as it considers that the costs associated with having its shared admitted to trading on AIM are not proportional to the associated benefits of admission.
MediLink said for the cancellation to go ahead, no less than 75% of shareholders will need to vote in favour of the resolution at a general meeting to be held shortly.
Last month, MediLink said it swung to pretax profit in 2015, as a business was sold and a hefty goodwill impairment in the previous year did not repeat.
Shares in MediLink were untraded on Wednesday, having last traded at 2.20 pence.
By Hannah Boland; [email protected]; @Hannaheboland
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