UK-based entertainment and online gambling firm Sportech, intends to ask for shareholder validation to remove its shares from London’s junior Alternative Investment Market (AIM) because of the large burden of sustaining its listing. Additionally, beside this revelation, the firm also reported its profit for the first half of the year ended June 30, which displayed a significantly reduced pre-tax loss due to bigger income.
Maintaining a public listing negatively affects net returns and future prospects:
Commenting on the decision, Richard McGuire, chairman of Sportech, said: “Despite delivering improving operational results announced today, the substantial financial cost associated with maintaining a public listing, given our current scal…
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