2nd May 2018 13:44
LONDON (Alliance News) - The London Stock Exchange said Wednesday that trading in shares of investment company South African Property Opportunities PLC has been temporarily suspended on AIM market.
The company last week said investors holding a 81% stake were prepared to vote against proposals to de-list and wind-up the firm in early May.
The company was informed that Michael Meyers - who holds a 29.9% stake in the firm - had requested the firm cancel or adjourn its May 2 meeting due to vote on the proposals to first de-list from the AIM market and second to wind-up the firm, with two other major shareholders prepared to follow suit.
South African Property said early April it was to seek shareholder approval to voluntarily liquidate the company after an unsuccessful attempt to sell its Brakpan asset in Gauteng province, South Africa.