Lonfin to Withdraw from LSE and Terminate JSE Listing

London Finance & Investment ( (GB:LFI) ) has provided an update.

Lonfin announced the successful passing of resolutions at its General Meeting to withdraw its Ordinary Shares from trading on the London Stock Exchange and the Official List, subject to High Court approval. This move includes a Capital Reduction and Return of Capital to shareholders, which will reduce the number of Ordinary Shares in issue. The withdrawal from the London Stock Exchange is set for 2 May 2025, with the last trading day on 30 April 2025. Additionally, the company will terminate its listing on the JSE due to non-compliance with public shareholder spread requirements, with the earliest termination date being 9 May 2025.

More about London Finance & Investment

London Finance & Investment Group PLC, known as Lonfin, operates in the finance and investment industry. The company is involved in managing a portfolio of investments, focusing on capital growth and income generation.

YTD Price Performance: -10.71%

Average Trading Volume: 11,109

Technical Sentiment Signal: Sell

Current Market Cap: £19.5M

For an in-depth examination of LFI stock, go to TipRanks’ Stock Analysis page.