Investing.com -- Hornby, a popular models and collectables group, is seeking approval from its shareholders to cancel trading of its shares on the Alternative Investment Market (AIM), London’s junior stock market.
The company announced its intentions on Thursday, stating that it believes re-registering as a private company would better enable it to continue its transformation.
The group, known for its Hornby train and Scalextric car racing sets, also acknowledged the limited liquidity of its shares on the AIM. They expressed concerns over the regulatory burden and the cost of maintaining a public quotation.
The company’s board has scheduled a general meeting on April 1 to seek approval for the cancellation of its AIM listing.
If the shareholders approve the cancellation, the company expects the delisting to become effective from April 7.
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