Delisting…for all the right reasons!
Security Research Group PLC (SRG) was previously quoted on AIM and delisted on 30th December 2014 at which time the share price was 42.5p valuing the entire company at approximately £8.2m.
We were supportive of the proposed delisting and explain our thoughts in the note.
Despite little evident use for a listing, many AIM companies often continue to remain on the market, incurring high costs and wasting shareholder's money.
The decision of SRG will hopefully be of material benefit to remaining shareholders over the coming months.
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