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Armadale Capital PLC - Africa-focused natural resource project - Proposes the cancellation of share trading on AIM and the re-registration of Armadale Capital as a private limited company. Says the company will benefit from the more flexible requirements and lower costs associated with a private status, after the AIM cancellation. The proposal follows the company’s swing to a pretax loss of £662,000 in the first half of 2024, from a profit of £291,000 the year before, due to a loss on fair value of investments. A general meeting will be held on October 31, with the cancellation requiring at least 75% shareholder approval. If approved, the cancellation will take effect on November 13. Current stock price: 0.052 pence, down 74% in London on Monday morning 12-month change: down 91% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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