Helium One Delists from OTCQB Amidst UK Takeover Wave
Helium One Global Ltd has voluntarily delisted from the OTCQB Venture Market, citing low trading volumes and high costs. This move comes amidst a wave of takeover attempts in the UK, with private and overseas investors targeting undervalued companies on the stock market today.
Delistings can occur for various reasons. In Helium One's case, it was due to insufficient trading volumes on the OTCQB market, making it costly to maintain a listing. Despite this delisting, the company remains listed on the London Stock Exchange's AIM market.
Companies may also delist to gain greater freedom and reduce regulatory burden, as seen in Superdry's proposed delisting to implement a restructuring plan. TUI, on the other hand, delisted from the London Stock Exchange to simplify its structure and improve liquidity on the stock market.
Takeover deals can offer significant premiums to investors. Some deals have offered over 100% premiums on the company's closing share price. However, delistings can also reduce transparency and liquidity, making it difficult for investors to sell their shares on the stock market today.
Helium One's delisting from the OTCQB market is part of a broader trend of takeover attempts in the UK. While delistings can offer benefits like increased freedom and premiums for investors, they can also reduce transparency and liquidity on the stock market today. Companies and investors must weigh these pros and cons when considering delistings.
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