CSF Group is to seek shareholders' approval to cancel the admission of the company's ordinary shares to trading on AIM.
The company says the board considers that the total trading volumes in its ordinary shares since the start of this year has been effectively negligible, representing less than 5.1% of the issued ordinary share capital. The board does not believe that there are currently any likely circumstances that would reverse this trend, and believes that the level of liquidity in the market for the shares is effectively meaningless. Despite efforts to attract investors, the board is of the view that there has been a relatively low demand for the ordinary shares, especially from institutional investors.
(LON:CSFG) CSF Group share price was -0.42p at 0.45p