5th Mar 2020 15:33
(Alliance News) - PME African Infrastructure Opportunities PLC on Thursday said it will hold a shareholder meeting in April to pursue a delisting from AIM.
PME said a meeting was initially scheduled for February 4, allowing for the delisting to become effective on February 12, if the shareholder backed the proposal.
PME added that the Qatar Investment Authority, its largest shareholder, called for the company to delay the meeting. QIA said this would allow it "additional time to consider the delisting".
If the resolution is passed during the April 7 extraordinary general meeting, PME will delist with effect April 17.
Shares in the company were untraded in London on Thursday, last quoted at USD0.04 each.
By Eric Cunha; [email protected]
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