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London Finance & Investment ( (GB:LFI) ) has provided an update.
London Finance & Investment Group PLC has announced a proposed return of capital to its shareholders, marking the cessation of its investment activities. The company plans to distribute surplus capital through a court-approved capital reduction, resulting in shareholders receiving approximately 71 pence per share. This move includes the withdrawal of Lonfin’s shares from trading on the London Stock Exchange and JSE Limited, effectively ending its status as a listed company. The decision is driven by the company’s inability to meet strategic objectives due to its small size and high operational costs, making it unattractive for acquisitions or raising additional capital without significant shareholder dilution.
More about London Finance & Investment
London Finance & Investment Group PLC (Lonfin) operates in the financial services industry, focusing on investment activities. The company has been involved in managing liquid investments and generating value for shareholders.
YTD Price Performance: -3.57%
Average Trading Volume: 5,841
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £21.07M
Find detailed analytics on LFI stock on TipRanks’ Stock Analysis page.
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