iEnergizer de-listing confirmed

iEnergizer (IBPO) have today confirmed that they will be de-listing from AIM.

The business processing outsourcing group gained approval by shareholders at today’s General Meeting.

The final day of trading on AIM of the Ordinary Shares will be 24 May 2023.

iEnergizer are a highly profitable, cash generative business with a strong track record for delivering year-on-year revenue growth.

Shareholders post de-listing will continue to have legal ownership rights over the shares and will therefore continue to receive any dividend distributions – iEnergizer is forecast to pay a 25p dividend this year (please note dividends are not guaranteed).

Clients wishing to prioritise income over capital liquidity are likely to be better off maintaining their shareholding.

In contrast, clients who require liquidity will be better off selling their position and reallocating the funds into other, listed companies.