MRO and business equipment reseller Slingsby will likely leave the FTSE AIM index before the end of the year.
The company’s board has proposed the cancellation of its ordinary shares trading on AIM and the adoption of new articles of association. A shareholder vote on the proposals will take place on 15 December.
The resolutions require approval from 75% of the voting rights and Slingsby said it had already received irrevocable undertakings from shareholders – including the directors – representing just over 73%.
Assuming the cancellation is approved, it is anticipated the last day of dealings in the ordinary shares on AIM will be 22 December.
