Property manager HML is preparing to delist its shares from AIM as a takeover of the company reaches its close.
Last week a recommended £19m offer for HML became unconditional, with a Harwood Capital-backed acquisition vehicle having acquired or agreed to acquire more than 75% of HML’s shares.
HML has now applied for is shares to be delisted from London’s junior market. The delisting is expected to take place on 13 October.
HML has also recommended that shareholders that have not yet accepted the offer do so “as soon as possible” given that the delisting “will significantly reduce the liquidity and marketability” of any shares not acquired as part of the takeover.
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