Scholium (GB:SCHO) has released an update.
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Scholium Group PLC is planning to cancel the trading of its ordinary shares on the AIM market to reduce costs, enhance profitability, and potentially offer dividends to shareholders. The decision, pending shareholder approval, aims to save at least £75,000 annually, which could have increased profits by 25% in the past year. A Matched Bargain Facility will be introduced for share transactions post-cancellation, as the company seeks to streamline operations and overcome market valuation challenges.
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