Macromac looks to cancel AIM listing

Macromac said on Friday that it is seeking shareholder approval to cancel the trading of its shares on AIM.

The mobile messaging company, which did not specify why it was looking to cancel its AIM listing, said it will hold an extraordinary general meeting on 30 November.

“If the special resolutions are passed at the EGM the company's Shares are expected to cease to be admitted to trading on AIM on 7 December 2015 and the cancellation will become effective at 7.00 a.m. (London time) on 8 December 2015.”

Macromac said it plans to put in place a matched bargain settlement facility with JP Jenkins Limited to serve as a limited platform for shareholders and other persons who seek to buy or sell shares following cancellation.

Shares in Macromac were untraded on Friday.