UK 17:47 Monday, 2 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Sondrel (SND) has announced that it is today to distribute a circular proposing AIM cancellation and that each of the directors is to vote or procure votes in favour of the cancellation totalling approximately 72.45% of the company's issued ordinary share capital. With 75% approval needed, the vote looks set to succeed and, although the company notes that it “has made arrangements for the Matched Bargain Facility to assist shareholders to trade in the ordinary shares to be put in place from the day of cancellation if the resolution is passed”, what of the shares currently more than 15% lower in response at 2.75p?
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