Business
Proposed Cancellation, Re-registration and GM
Unigel Group plc is proposing to cancel the admission of its ordinary shares to trading on the Aquis Growth Market and re-register as a private limited company, with the last day of trading anticipated to be June 19, 2026, and the cancellation effective June 22, 2026. This move is expected to result in annualised cost savings of £0.2 million, with the company reporting revenue of £38.2 million and Adjusted EBITDA of £4.0 million for the year ended December 31, 2025. The directors believe this transition will provide greater corporate and strategic flexibility and reduce the costs and regulatory burden associated with public listing, despite the potential for reduced liquidity and marketability of shares. Disclaimer*
About this update from Unigel Group Plc
[{"type":"text","content":"\n\n \n\n \nUnigel Group plc\n \n(the \"Group\" or the \"Company\")\nProposed Cancellation\nRe-registration as a private limited company and\nNotice of General Meeting\nUnigel Group plc (AQSE: UNX), the manufacturer and supplier of materials used in the manufacture of telecommunication fibre optic cables announces that, following an extensive review, the Directors have concluded that it is in the best interests of the Company and its Shareholders as a whole to seek Shareholders' approval for the cancellation of admission of the Company's ordinary shares of 0.5 pence each (the \"Ordinary Shares\") to trading on the Aquis Growth Market (the \"Cancellation\") and for the Company to be re-registered as a private limited company (the \"Re-registration\").\nThe Directors have, after a period of review, concluded that it is in the best interests of the Company and its Shareholders to seek Shareholder approval for the Cancellation and for the Company to be re-registered as a private limited company.\nA circular convening a general meeting of the Company (the \"General Meeting\") to be held at 10:30 a.m. on 5 June 2026 at Shakespeare Martineau LLP, c/o Ampa Holdings LLP, Level 19, The Shard, 32 London Bridge Street, London, SE1 9SG has been sent to Shareholders (the \"Circular\"). Shareholders will be asked to consider and, if thought fit, approve resolutions in respect of the Cancellation, the Re-registration and the adoption of new articles of association (together, the \"Proposals\"). A copy of the Circular will be made available on the Company's website at www.unigel.com/investors/.\nIf the resolution in respect of the Cancellation (the \"Cancellation Resolution\") is passed at the General Meeting, it is anticipated that the last day of dealings in the Ordinary Shares on the Aquis Growth Market will be 19 June 2026 and that the Cancellation will become effective at 7:00 a.m. on 22 June 2026.\nIn accordance with Rule 5.3 of the Aquis Rules for Companies, the Company hereby gives notice of its intention to withdraw the Ordinary Shares from admission to trading on the Aquis Growth Market. Subject to the passing of the Cancellation Resolution at the General Meeting, the Cancellation will become effective at 7:00 a.m. on 22 June 2026.\nThis announcement contains inside information for the purposes of the UK Market Abuse Reg...