Spotless Group Holdings (ASX:SPO) has today submitted a formal application for the removal of Spotless from the Australian Securities Exchange (ASX) official list.
The Spotless Board considers the delisting to be in the best interests of Spotless and its Shareholders because they are seeking to minimise their expenditure and want to reduce costs.
Also they have seen low trading volumes and an erratic share price.
Two shareholders in Spotless collectively hold 99.44 per cent of the ordinary shares in Spotless.
Shares in Spotless Group Holdings (ASX:SPO) are trading 1.12 per cent lower at $1.76.