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Article: Deep-Sea Leisure to de-list as Aspro expands.(News: Tourism & attractions)
- Article from:
- Leisure Report
- Article date:
- April 1, 2008
CopyrightCOPYRIGHT 2008 William Reed Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Deep-Sea Leisure, which runs two aquariums in the UK, is set to cancel its AIM listing.
Net Ein, the company's majority and controlling shareholder, which is a subsidiary of European attractions operator Aspro, said it "believes that it is in the best interests of the company to seek the de-listing and continue as an unquoted firm".
Under AIM rules, such a proposal requires shareholder approval of 75%, but as Net Ein already owns about 98% of the company's share capital, the independent directors have concluded that to demand a formal requisition would only increase costs.
Therefore it is anticipated that the shares will be cancelled with ...
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