QUIZ Plc Shifts to Private Company Operations Today
QUIZ Plc Transitions to a Private Entity
Today marks a significant milestone for QUIZ Plc, the well-known omni-channel fashion brand, as it steps away from the AIM market. This change comes after shareholders voted in favor of the transition at a General Meeting. With this delisting, QUIZ will officially re-register as Quiz Limited. This exciting new chapter begins as shareholders adjust to the altered landscape of share trading.
Establishment of Matched Bargain Facility
As part of this transition, QUIZ has set up a matched bargain facility in partnership with JP Jenkins. This facility will allow shareholders and new investors to trade shares outside of the AIM platform, starting shortly after the AIM delisting. This strategic move is designed to provide a seamless trading experience even when not listed on a public exchange.
How Trading Will Work After Delisting
Shareholders interested in participating in the trading facility will need to manage their trades through a stockbroker. While they can hold shares in uncertificated form through the CREST system, confirming the ability to transact with unquoted shares is essential. This ensures a smooth transition for those wanting to sell or buy shares in QUIZ moving forward.
Impact on Nominated Adviser and Corporate Broker
With the delisting from AIM, Panmure Liberum Limited concludes its role as the nominated adviser and corporate broker for QUIZ. This development signifies a new direction for the company as it embraces a more privatized structure. Shareholders will need to adapt to these changes, which will fundamentally alter how shares are traded and managed.
Communication to Shareholders
QUIZ has made every effort to ensure shareholders are informed about these changes. A detailed circular was sent to shareholders outlining the matched bargain facility, the context of the AIM delisting, and the re-registration process. The document serves as a vital tool for understanding the upcoming changes and has been made available on the QUIZ company website for easy reference.
Looking Ahead for QUIZ Plc
As QUIZ transitions to being a privately-held company, it invites shareholders to embrace this new structure and remain engaged. With the establishment of new trading options, the company is working hard to maintain a robust platform for share exchange that aligns with its future goals. This move is not just a procedural change; it represents a significant evolution in how QUIZ engages with its investors and the marketplace.
Frequently Asked Questions
What does the delisting mean for QUIZ Plc shareholders?
Delisting means that QUIZ Plc will no longer be traded on the AIM market, and shareholders will have new options through the matched bargain facility.
How can I trade my QUIZ shares after the delisting?
Shareholders can trade their shares through a stockbroker using the matched bargain facility set up by QUIZ and JP Jenkins.
Will I still be able to hold my shares?
Yes, shareholders can continue holding their shares in an uncertificated form through CREST, subject to confirmation from their stockbroker.
What happens to QUIZ's corporate broker?
Panmure Liberum Limited will cease to be the nominated adviser and corporate broker post-delisting.
Where can I find more information regarding these changes?
Additional details can be found in the circular distributed to shareholders, which is also available on the QUIZ company website.
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