Contractor Lakehouse plans to delist from the main London Stock Exchange and apply for admission to the alternative investment market (AIM).
The move would be seen to offer great flexibility for the company with regard taking strategic actions, including potential future corporate transactions.
Any move would have to be ratified by shareholders at an AGM planned for later this month. The company would then move to AIM in May where shareholders would continue to hold their existing stake in the company.
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