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London Finance & Investment Group PLC - London-based investment finance and management company - Says shares will not be suspended with effect from Thursday and the trading of shares will continue as normal. Indicates that a new timetable providing the new dates over the withdrawal of shares from the stock market and repayment of capital to shareholders will be announced shortly. London Finance & Investment had said late in February shares would be suspended from trading on the London Stock Exchange on Thursday this week before delisting from this exchange on Friday. It flagged the exit from the Johannesburg Stock Exchange on Friday next week. The company said on Tuesday the High Court of England & Wales had sanctioned the capital reduction. It said at the time it would now lodge the capital reduction and a statement of capital with the registrar of companies. After the registration of the documents, the capital reduction would take effect. Late last month, shareholders approved the plan to return an estimated 71 pence per share in cash to them at a general meeting. Current stock price in Johannesburg: R 15.10 12-month change: up 26% Current stock price in London: 80.00 pence, down 5.9% 12-month change: up 80% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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