By Andrea Figueras
Creightons said it intends to cancel its listing on the London Stock Exchange's main market and switch to London's junior AIM.
The U.K. maker of personal care, beauty and fragrance products said Thursday that AIM provides a regulatory regime which is more appropriate to the company's current size and structure, the U.K. maker of personal care, beauty and fragrance products said Thursday.
The company started trading on the unlisted securities market in 1986 and subsequently transferred to the main market of the London Stock Exchange in 1994.
The group gave a number of reasons for the move, noting that the AIM listing is expected to deliver significant cost savings, both financially and in management time. The cost and regulatory requirements of the main market have become higher in recent years and are now disproportionately burdensome for a business the size of Creightons, the company said.
Furthermore, AIM currently offers greater flexibility, enabling the company to agree and execute certain transactions, such as fundraisings, acquisitions and disposals, it added.
Subject to the resolution being passed at the general meeting, the company expects that the effective date of the delisting and AIM admission will be March 31.
For the fiscal year ended March 2024, the company booked revenue of 53.2 million pounds ($66.5 million).
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
February 06, 2025 09:05 ET (14:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。