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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Allied Minds Plc | LSE:ALM | London | Ordinary Share | GB00BLRLH124 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.85 | 10.05 | 12.65 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2022 to Jul 2024
TIDMALM
RNS Number : 9632W
Allied Minds PLC
24 August 2022
24 August 2022
Allied Minds plc
("Allied Minds" or the "Company")
Statement Regarding Strategic Review
In March 2022, the Company announced that it was undertaking a formal strategic review, aimed at creating and / or realising shareholder value. As part of this strategic review, the Board has sought to ensure that the Company is being managed in as cost-efficient manner as possible. In conducting this review, the Board considers that the costs of maintaining a premium listing on the Official List and the Main Market of the London Stock Exchange are now prohibitively high relative to Allied Minds' current size and maintaining a public listing is no longer in the best interests of the Company and its Shareholders as a whole.
The Allied Minds Board therefore now intends to formally consult with shareholders regarding a possible delisting of the Company. Should the Board decide to proceed with a delisting, the Company will publish a shareholder circular detailing the rationale for the decision and giving notice of a General Meeting at which shareholders will vote on a resolution to delist and will set out the expected timetable for the delisting to become effective if the resolution to delist is passed.
Further updates will be made as appropriate.
For further information, please contact:
Allied Minds plc c/o Instinctif Partners Bruce Failing I nstinctif Partners alliedminds@instinctif.com Tim Linacre / Rozi Morris / Joe +44 20 7457 2020 Quinlan +44 7949 939237
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END
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(END) Dow Jones Newswires
August 24, 2022 02:00 ET (06:00 GMT)
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