Preston To De-List From AIM
Preston have written to the AIM stock market confirming their intention to cancel their registration and de-list from the stock exchange. The cancellation will have to be approved by all shareholders and this will take place on 21 September. As the brightest of you will know this meeting will probably just involve Trevor Hemmings agreeing with himself to de-list the company. Hemmings now has a 90% stake in the club which means he can purchase the remaining shareholders' shares at 5p per share. This will be done after the deadline for acceptance of the original 5p offer closes in early September. Hemmings will then make a formal application for compulsory purchase prior to de-listing PNE from the stock market.
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