Lok’nStore Group plc (GB:LOK) has released an update.
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Lok’nStore Group plc has reached an agreement for a recommended cash acquisition by Shurgard Self Storage Limited, with shareholders approving the scheme of arrangement. The acquisition, which is expected to become effective on 1 August 2024, will result in the cessation of trading Lok’nStore shares on the AIM market following court sanction and the satisfaction of remaining conditions. This strategic consolidation reflects significant shareholder support, with a majority voting in favor at both the Court Meeting and General Meeting.
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