Superyacht Biz Looks To Sail Into Private Waters With Delist
By Dawood Fakhir (August 2, 2022, 5:34 PM BST) -- A publicly listed superyacht painting, service and supply company announced on Tuesday that it intends to go private by removing its shares from the alternative index market of the London Stock Exchange, guided by Scottish law firm Dickson Minto.
Directors of GYG PLC decided to stop trading on the submarket after concerns over the global geopolitical situation, the decrease in the company's value on the index and the increasing costs of maintaining a public listing.
"For these reasons, the directors have concluded that cancellation and re-registration — as a private company — are in the best interests of the company and its shareholders...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!