Bowleven (GB:BLVN) has released an update.
Bowleven plc, an oil and gas company with interests in Cameroon, has announced plans to delist from AIM, convert to a private limited company, and adopt new articles of association, subject to shareholder approval. In conjunction, Crown Ocean Capital is offering minority shareholders an exit opportunity to sell their shares at a premium to recent average prices. The company cites high costs and regulatory burdens of public listing, challenges in raising public equity, and a desire for increased corporate flexibility as reasons for the move.
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