iEnergizer launching matched bargain facility on next week's delisting

19th May 2023 15:48

(Sharecast News) - Business process outsourcing specialist iEnergizer confirmed on Friday that the last day of dealings in its shares on AIM would be 24 May.

The firm said that following the cancellation of its shares on AIM, it would facilitate shareholder transactions by appointing JP Jenkins to provide a matched bargain facility.

It said the matched bargain facility would be available to shareholders and prospective investors starting from 25 May.

The board said the appointment of JP Jenkins aimed to ensure a smooth transition for shareholders, who would have the opportunity to continue trading iEnergizer's shares.

"Shareholders wishing to trade iEnergizer's ordinary shares following the cancellation of the admission to trading on AIM of such ordinary shares taking effect at 0700 BST on 25 May can do so through their stockbroker," the board said in its statement.

"Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer.

"Trades can be conducted, and limits can be accepted, during normal business hours."

At 1529 BST, shares in iEnergizer were up 11.32% at 60p.

Reporting by Josh White for Sharecast.com.