LONDON - Jaywing plc, a marketing and data science firm, has announced that it received a requisition from major shareholder Michael Ashcroft to convene a general meeting to consider a resolution for the company's delisting from the AIM market. The request, made on December 22, 2024, aims for the delisting to occur by March 1, 2025.
Ashcroft, who holds 29.49% of Jaywing's issued ordinary share capital, exercised his rights under section 303 of the Companies Act 2006, prompting the board to fulfill its legal duties. The company confirmed its intent to adhere to section 304 of the Act, which mandates calling a general meeting within 21 days of a valid requisition and holding the meeting within 28 days of the notice.
The board has advised shareholders not to take any action at this time and expects to provide further updates. The details of the request can be accessed through the Investors section of Jaywing's website.
This development is based on a press release statement and is part of the information now in the public domain following its announcement via a regulatory information service. Shareholders and investors are awaiting the outcome of the proposed general meeting and the potential implications of the delisting on the company's future.
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