BofA warns Fed risks policy mistake with early rate cuts
LONDON - Dewhurst Group plc, a global manufacturer of components for the lift, transport and keypad industries, announced Thursday that shareholders approved all resolutions at its General Meeting, paving the way for the company to delist from London’s AIM market.
According to the company’s statement, shareholders voted in favor of a proposed Tender Offer, delisting from AIM, re-registration as a private company, and adoption of new articles of association.
The delisting is expected to take place on September 11, 2025, following the completion of a Tender Offer that allows shareholders to sell their shares at £6.65 per ’A’ Share and £9.00 per Ordinary Share. The deadline for participating in the Tender Offer is August 28.
After delisting, Dewhurst plans to establish a secondary market trading facility that will operate on an annual basis, though the company noted there is no guarantee this facility will provide the same liquidity or price levels as the current market.
The company also intends to make on-market purchases of up to 496,380 Ordinary Shares and 663,828 ’A’ Shares, representing 15% of its issued share capital, between the closing of the Tender Offer and the delisting date.
At the General Meeting, the Tender Offer resolution received 2,531,392 votes in favor and 41,046 against. The delisting resolution passed with 2,529,175 votes for and 43,113 against, while the re-registration and adoption of new articles received 2,528,225 votes in support and 44,213 in opposition.
Following the delisting, Dewhurst expects to complete its re-registration as a private company by September 26, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.