Approval sought for stock market delisting
Posted on: Wed 24 Dec 2008
Sheffield United will seek approval to delist from the AIM stock market at an Extraordinary General Meeting of shareholders on Saturday (27th December).
The EGM will immediately follow the 64th Annual General Meeting which will be held at the Platinum Suite at the Bramall Lane stadium.
United's plc directors have tabled a resolution that it is no longer in the best interests of the company or its shareholders to continue trading on AIM.
A circular was sent to shareholders confirming the club's intentions on the delisting and, subject to shareholder approval at the EGM, the cancellation will take effect from 7 January 2009.
The AGM will include:
A review of the year by chairman Kevin McCabe
Shareholders' questions
Ordinary business
shareholders approval for the reappointment of directors Mr McCabe and Andrew Laver (both retire under rotation) and Simon Argall (appointed since the last AGM).
Special business
shareholders approval for directors to allot relevant securities (up to a maximum amount of £9.2m) and to allot shares for cash without first offering them to shareholders.
The AGM starts at 10.30am.