Specialist short-term asset finance provider Regenesis Group
(AIM: RGN) is considering delisting from AIM, after posting a
pre-tax loss of £121,000 (€136,000) in the year ending December 31
2008.
De-listing from AIM would be “in the best interests of the
company,” according to Marc Duschenes, chairman of Regenesis
Group.
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Like many other companies, Regenesis has suffered from not being
able to secure long-term funding.
“The flow of lending opportunities remained high, but the
willingness of lending institutions to provide onward longer-term
funding has reduced significantly,” said Duschenes.
Under the AIM rules, delisting requires approval by at least 75
percent of shareholders. A circular to shareholders setting out the
proposals in more detail will be sent to shareholders in the near
future, the lessor added.
Jason T Hesse
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