Quiz wants to ditch London listing on AIM

0


Fast fashion retailer Quiz Clothing has revealed plans to abandon its listing on London’s junior stock market amid a battle to stay afloat.

Shareholders in Quiz, which has 60 UK stores, will be asked to vote to exit AIM at an investor meeting in January.

Quiz said delisting will ‘be in the best interests of the company and its shareholders’.

Founder Tarak Ramzan and his family will vote to quit AIM, as will major investors Tajveer and Amraj Gill.

Delisting?: Shareholders in Quiz will be asked to vote to exit AIM at an investor meeting in January

Delisting?: Shareholders in Quiz will be asked to vote to exit AIM at an investor meeting in January

In total, owners of 66.74 per cent of Quiz’s shares are expected to back the delisting, which needs 75 per cent to pass.

Meanwhile, Scottish-born Ramzan is in talks to prove a £1m loan to the retailer.

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Get £200 back in trading fees

Saxo

Get £200 back in trading fees

Saxo

Get £200 back in trading fees

Free dealing and no account fee

Trading 212

Free dealing and no account fee

Trading 212

Free dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you


Leave A Reply

Your email address will not be published.