Contractor Lakehouse will delist from the main market of the London Stock Exchange to join the smaller AIM next month.
The decision follows shareholder backing at the company’s latest General Meeting with only 1.5% voting against the move.
Delisting follows a turbulent two years since the Eseex based contractor floated.
The company made its Stock Exchange debut at 89p in March 2015.
But a series of profit warnings and board room power struggles saw the share price reach a low of 25p and it currently stands at 46p.
Lakehouse said a move to AIM would allow it “greater flexibility and certainty with regard to taking strategic actions, including potential future corporate transactions.”
The move will take place on May 11.
from Construction Enquirer http://www.constructionenquirer.com/2017/04/10/lakehouse-shareholders-agree-move-from-main-stock-exchange/
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