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Published 20 days ago

AIM: Another firm bails out of listed status due to £250,000 admin costs

Summary by City AM
Scirocco Energy, an AIM-listed investing company focussed on green energy, is set to cancel its listing in favour of the “flexibility” of private ownership. Bosses said this morning that the “considerable cost and management time and the legal and regulatory burden associated with maintaining the Company’s admission to trading on AIM are, in the Board’s opinion, disproportionate to the benefits of the Company’s continued admission.” The firm re…

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AIM: Another firm bails out of listed status due to £250,000 admin costs

Scirocco Energy, an AIM-listed investing company focussed on green energy, is set to cancel its listing in favour of the “flexibility” of private ownership. Bosses said this morning that the “considerable cost and management time and the legal and regulatory burden associated with maintaining the Company’s admission to trading on AIM are, in the Board’s opinion, disproportionate to the benefits of the Company’s continued admission.” The firm re…

20 days ago·London, United Kingdom
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