8th Apr 2020 14:37
(Alliance News) - PME African Infrastructure Opportunities PLC on Tuesday said its delisting from AIM was backed by shareholders at a vote.
The investment company said 95% of voters backed the resolution at a vote on Tuesday. Its shares will be delisted from April 17.
In December, PME African proposed the cancellation of its AIM listing. The delisting requires approval from at least 75% of shareholders, with votes scheduled to be cast on February 4 at an extraordinary general meeting.
However, Qatar Investment Authority had requested more time to consider the resolution.
PME added that the QIA its largest shareholder, called for the company to delay the meeting. QIA said this would allow it "additional time to consider the delisting".
Shares in the company were untraded in London on Wednesday afternoon, having last closed at USD0.04.
By Eric Cunha; [email protected]
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