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LONDON - CMO Group (LON:CMOC) PLC, the UK’s leading online-only retailer of building materials, announced today that its shareholders have approved all proposed resolutions during a general meeting, leading to the company’s delisting from the AIM market and its re-registration as a private limited company.
The resolutions, which included the cancellation of the company’s listing on AIM and the adoption of new articles of association, received overwhelming support with 99.87% of votes in favor. The cancellation resolution and the re-registration resolution both saw a small opposition of 0.13%.
Following shareholder approval, CMO Group’s ordinary shares will cease trading on AIM from 7:00 a.m. on 27 March 2025, with the last day of dealings set for 26 March 2025. The transition to a private company is expected to be finalized by 11 April 2025.
To assist shareholders with future transactions following the delisting, CMO Group has arranged for JP Jenkins to offer a matched bargain facility starting from the date of cancellation. Details regarding this facility will be accessible to shareholders on the company’s website.
This move comes after a detailed review of the resolutions in the circular published on 27 February 2025. The full text of the resolutions passed at the general meeting can also be found in this circular, available on the company’s website.
The company’s decision to delist from AIM and operate as a private entity reflects a significant change in its corporate structure. The matched bargain facility provided by JP Jenkins will enable shareholders to trade shares post-delisting, ensuring a degree of liquidity in the absence of the public market.
This announcement is based on a press release statement and aims to present the facts surrounding the general meeting’s outcomes and the subsequent steps for CMO Group PLC.
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