Hellenic Carriers’ shareholders voted in favour of the company’s proposal to delist from AIM after more than eight years of trading on the AIM market of the London Stock Exchange.
All the resolutions put forward at the company’s annual general meeting in Athens, Greece, were passed on Tuesday. The resolution concerning the delisting needed approval from at least 75% of its shareholders.
Hellenic says it is not enjoying any of the benefits of being quoted on a public market, and considering the costs of maintaining a listing, it has “become evident that it would be economically sensible to proceed with the delisting”.
Hellenic shares will cease trading next Tuesday.