CMO Group Announces Delisting from AIM
Why we think this is very bad
The RNS announcement indicates that CMO Group PLC is delisting its ordinary shares from trading on AIM and re-registering as a private company. This is a significant negative event for the company and its shareholders, as it reduces transparency, liquidity, and access to the public markets. The transition to a private structure is likely to have a substantial impact on the company, given its relatively small market capitalization of £2.52 million.
Key Points
- Ordinary shares to be delisted from AIM on 27 March 2025
- Company to re-register as private company under name CMO Group Limited
- Matched bargain facility to be established to facilitate trading of shares post-delisting
Summary
CMO Group PLC, the UK's largest online-only retailer of building materials, has announced the cancellation of admission of its ordinary shares to trading on AIM. The last day of trading will be 26 March 2025, and the company will re-register as a private company under the name CMO Group Limited. The company has made arrangements for a matched bargain facility to allow existing shareholders and new investors to trade the ordinary shares following the delisting.