Jaywing to de-list from AIM following shareholder meeting
Data science and marketing company, Jaywing, has confirmed it will de-list from AIM.
This decision by the Sheffield and Leeds-based firm follows a letter from major shareholder Lord Ashcroft in December, which called for a general meeting to cancel admission of the company’s ordinary shares to trading on AIM.
The de-listing resolution won shareholder approval at a meeting yesterday – 5 February 2025.
It means Jaywing is set to de-list from AIM and re-register as a private company, with its last day of trading on AIM due to be 12 February.
In December last year Jaywing reported its group revenue had dropped by 14.9% to £9.5m, which it largely attributed to a weak first half performance in UK Risk Consultancy.
And in its interim results for the six months ended 30 September 2024 (H1), the business recorded a pre-tax loss of £2.4m (2023: £1.4m pre-tax loss).
The company has been working to restructure its UK business to bring its cost base in line with underlying revenues. Late last year it exited the lease on its Sheffield office to help cut costs.
