Aim adviser VSA Capital Group has gained shareholder approval for leaving Aim, although this was only just achieved.
VSA needed 75% of the votes at the general meeting and it ended up with 77.6%. The rebels mustered 6.55m votes, which is 13% of the company’s share capital and 22.4% of the shares voted.
The share price slumped 0.5p to 0.75p, which values the company at £380,000. The share price has lost more than four-fifths since the Aim cancellation was first mooted.
The last day of dealings should be 29 April. A share dealing service is planned.
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